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Inox plans IPO

November 23, 2005 14:38 IST

Gujarat Fluorochemicals Ltd on Wednesday said its subsidiary Inox Leisure Ltd is considering an entry into the capital markets through an initial public offer of 1.65 crore (16.5 million) equity shares.

The IPO consisting of shares of Rs 10 each also has a fresh issue of 1.20 crore (12 million) equity shares at an equal price, Gujarat Fluoro informed the National Stock Exchange.

Along with the above, the Inox IPO would have an offer for sale of 45 lakh shares of Gujarat Flurochemicals Ltd at a price determined by the book building process.

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