Inox Green Energy Services, a subsidiary of Inox Wind, has raised Rs 333 crore from lead investors. The funds were raised a day before the IPO on Friday. This issue will close on November 15.

According to a notice uploaded on the BSE website late Thursday, the company has decided to allot 5.12 crore shares at Rs 65 per share to anchor investors for a total transaction size of Rs 333 crore.

Morgan Stanley Asia (Singapore) Pte Ltd, Nomura Singapore Pte Ltd, Citi Global Markets Mauritius Pte Ltd, HDFC Mutual Fund (MF), ICICI Prudential MF and Aditya Birla Sun Life MF are the lead investors.

Inox Green’s Rs 740 crore initial public offering (IPO) includes new products and sales offers of Rs 370 crore each. The company set a price range of Rs 61-65 per share for its IPO. Proceeds from the new offering will be used to repay debt and for general corporate purposes.

Inox Green is in the business of providing long-term operation and maintenance (O&M) services for wind farm projects, particularly wind turbine generators and wind farm infrastructure in general. The company’s shares will be listed on the BSE and NSE.