The proposed IPO could become the largest public offering by a private Indian renewable energy company to date
The IPO will be entirely an offer for sale by Torrent Investments, with no fresh issue of shares. As a result, Torrent Gas will not receive any proceeds from the public offering
The company allotted 50.11 lakh equity shares to 42 anchor investors at Rs 632 apiece, the upper end of its IPO price band
The proposed IPO will comprise entirely fresh shares, with parent Sembcorp Industries not selling any stake through the offering
