Inox Green Energy Allots ₹300 Crore Equity Shares via QIP
Inox Green Energy Services Limited raised approximately ₹300 crore through a Qualified Institutions Placement (QIP). The company allotted 1,81,10,473 equity shares at ₹165.65 per share. This issuance increases the paid-up equity share capital to ₹419.60 crore. The trading window will reopen on October 2, 2026.
The QIP is a substantial fundraising event that increases the company's equity base and provides capital for future growth, which can have a significant impact on its financial standing and market valuation.
The company successfully raised a significant amount of capital through a QIP, which is generally a positive development for growth and financial strengthening.
Inox Green Energy Services Limited (IGESL) has successfully completed a Qualified Institutions Placement (QIP), issuing 1,81,10,473 equity shares of face value ₹10 each. The allotment was approved by the Operations Committee of the Board of Directors on September 29, 2026, following the issue which opened on September 24, 2026, and closed on September 29, 2026.
The shares were issued at a price of ₹165.65 per equity share, including a premium of ₹155.65 per share. This price represents a discount of ₹8.71 per share (5% of the floor price) from the floor price of ₹174.36 per share. The total amount raised through this QIP is ₹299,99,99,852.45, which is approximately ₹300 crore.
Following this allotment, the company's paid-up equity share capital has increased from ₹401.49 crore to ₹419.60 crore, comprising 41,96,02,518 equity shares of ₹10 each.
The trading window, which was closed effective September 24, 2026, will reopen on October 2, 2026. Annexure 1 provides a list of allottees who received more than 5% of the equity shares offered in the QIP, including entities like Bandhan Small Cap Fund, Leading Light Fund VCC, and India Opportunities Growth Fund.
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Inox Green Energy Services Limited filed this with the NSE as a statutory disclosure, categorised under equity fundraising. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Inox Green Energy Services Limited. Read the original for the full detail.