Inox plans IPO, to offer 1.65cr shares

Inox Leisure, a subsidiary of Gujarat Fluorochemicals, is planning to enter the capital markets with an initial public offering (IPO) of 1.65 crore shares.

According to a release issued by Gujarat Fluorochemicals to the NSE today, the IPO will include fresh issue of 1.20 crore equity shares of Rs 10 each, and 45 lakh shares to be sold by the company at a price determined by the book building process.