Sebi seeks fresh clarification on Inox Wind’s Rs 700 cr IPO

Market regulator Sebi has sought fresh clarifications from Inox Wind regarding the power solutions provider’s proposed Rs 700-crore initial public offer (IPO).

Without disclosing the details of the clarifications sought, Sebi has said that “clarifications (are) awaited from lead manager” for the proposed public issue.

As per the latest weekly update to the processing status of draft offer documents filed with Securities and Exchange Board of India (Sebi), the regulator has said clarifications were awaited on the proposed IPO of Inox Wind as on March 14, 2014.

The status is updated on a weekly basis by the regulator and the next update of the status as on March 21, 2014 would be uploaded on Sebi Web site on the next working day.

The market regulator said that it might issue observations on Inox Wind’s IPO document within 30 days from the date of receipt of satisfactory reply from the lead merchant bankers to the clarification or additional information sought from them.

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