Inox Wind IPO gets 9 per cent subscription on Day 1

The over Rs 700 crore initial public offer (IPO) of Inox Wind, an integrated wind energy firm, was subscribed nine per cent on the first day of the share sale today.
The IPO received bids for 19,77,885 shares against 2,32,01,121 scrips on offer, data available with the NSE showed.
The retail portion was subscribed 16 per cent and the shares for non-institutional investors saw 4 per cent subscription, as per figures updated at 1700 hrs.
The price band for the integrated wind energy firm's initial share sale has been fixed at Rs 315-325 apiece.
Inox Wind yesterday had announced it would allocate a little over 94.25 lakh shares for Rs 306 crore to anchor investors.

Goldman Sachs India Fund, Swiss Finance Corp (Mauritius) Ltd, Indus India Fund (Mauritius) Ltd, IDFC Infrastructure Fund and Sundaram Mutual Fund A/C Sundaram Equity Multiplier, are among the anchor investors.
The IPO, which opened today, would close on March 20.
The public issue consists of a fresh issue of shares and an offer for sale of 1 crore equity shares (including Anchor Portion).