INOX Wind Ltd files DRHP for public issue

INOX Wind Ltd, a subsidiary of Gujarat Fluorochemicals Ltd has proposed public issue of equity shares.

The company has proposed public issue of its equity shares through 100% book building method in accordance with the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009 and has filed a Draft Red Herring Prospectus with the Securities and Exchange Board of India on July 5, 2013.

The proposed issue consists of a fresh issue of up to Rs. 7000 million and an offer for sale up to 20,000,000 equity shares by Gujarat Fluorochemicals Limited.

Shares of Gujarat Fluorochemicals Ltd was last trading in BSE at Rs.283.40, up by Rs.3.65 or 1.30%. The stock hit an intraday high of Rs.287.75 and low of Rs.274.50.

The total traded quantity was 6093 compared to 2 week average of 5239.

Source : Equity Bulls

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