Oyo, which refiled its draft red herring prospectus (DRHP) with the SEBI under the recently introduced pre-filing route in March 2023, was sitting on a cash reserve of around Rs 2,700 crore, according to the presentation.
The IPO comprises fresh issuance of equity shares worth Rs 370 crore and an offer-for-sale of equity stocks aggregating to Rs 370 crore by promoter Inox Wind, according to the Draft Red Herring Prospectus (DRHP), , inox wind, initial public offering, draft red herring prospectus (DRHP), sebi
The proposed IPO will comprise fresh issuance of equity shares aggregating up to Rs 500 crore and an offer for sale OFS of equity shares by certain shareholders to the tune of Rs 400 crore, Inox Wind said in a BSE filing.Board of Directors of our Companys material subsidiary, Inox Green Energy Services Ltd Earlier known as Inox Wind Infrastructure Services Ltd IGESL in their meeting held today i.e. May 9, 2022, has accorded a fresh approval to the fundraising.