Mumbai: Inox Green Energy Services made a tepid stock market debut on Wednesday with the stock listing at 7% below its IPO price.
The stock was listed at ₹60.50 against the issue price of ₹65 and closed 9% lower at ₹59.10.
The company’s ₹740 crore IPO was sold in the range of ₹61-65 per share between November 11 and 15.
It was subscribed 1.55 times. While retail investors bid for 4.7 times the allotted shares, only 50% of the high net-worth individuals’ portion was subscribed.
