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Indowind Energy Limited IPO (Indowind IPO) Detail

August 21, 2007 - August 24, 2007

Indowind IPO is a book built issue of Rs 81.25 crores.

Indowind IPO bidding started from August 21, 2007 and ended on August 24, 2007. The shares got listed on BSE, NSE on September 14, 2007.

Indowind IPO price band is set at ₹55 to ₹65 per share. The minimum lot size for an application is 100 Shares. The minimum amount of investment required by retail investors is ₹6,500.

Uti Securities Ltd is the book running lead manager of the Indowind IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to Indowind IPO RHP for detailed information.

Indowind IPO Details

IPO Date August 21, 2007 to August 24, 2007
Listing Date September 14, 2007
Face Value ₹10 per share
Price Band ₹55 to ₹65 per share
Lot Size 100 Shares
Total Issue Size12,500,000 shares
(aggregating up to ₹81.25 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Indowind IPO Lot Size

Investors can bid for a minimum of 100 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 100 ₹6,500
Retail (Max) 30 3000 ₹195,000
Lot Size Calculator

About Indowind Energy Limited

Incorporated in 1995, Indowind Energy Limited is in the business of power generation from wind based in India. Indowind offers solutions in wind energy to its customers in areas, which include turnkey projects in wind farming, green power sale to corporate, operations and maintenance services, and trading in wind mill and related assets.

Indowind has successfully installed & commissioned 34.74 MW wind turbines capacity across Tamilnadu (29.74 MW) and Karnataka (5MW).

Indowind has become the first Wind Energy company from India to get the Carbon Credits (Certified Emission Reductions) issued by UNFCCC for its recently commissioned 12.3 MW projects in Tamilnadu under the Clean Development Mechanism for the 'Green Power' generated from the windmill operations.

Objects of the Issue (Indowind IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital for
1. Setting up 9 MW Wind Farm Project in at Chitradurga, Karnataka;
2. Purchase of Hydraulic cranes;
3. Acquisition of second hand Wind Energy Generators (WEG) from Banks;
4. Meet the additional working capital requirements.


Indowind IPO Subscription Status (Bidding Detail)

The Indowind IPO is subscribed 0.97 times on August 24, 2007 5:00:00 PM. The public issue subscribed 1.12 times in the retail category, 0.90 times in the QIB category, and 0.85 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Indowind IPO Prospectus

Indowind IPO Rating

123
3.7
Rating:Rated 3.7 stars
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Indowind IPO Listing Details

Listing Date September 14, 2007
BSE Script Code 532894
NSE Symbol INDOWIND
ISIN INE227G01018
Final Issue Price ₹65 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹65.00
₹80.25
₹55.10
₹124.50
₹114.05
NSE
₹65.00
₹75.00
₹58.95
₹124.00
₹113.65

Check IPO Performance…

Indowind Energy Limited Contact Details

Indowind Energy Limited
4th floor, Kothari Building,
114 Nungambakkam High Road,
Chennai- 600 0034 India
Phone: 044 2833 0867
Email: ipo@indowind.com
Website: http://www.indowind.com

Indowind IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html

Indowind IPO - Buy or Not

Indowind IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 1 1
Members 0 0 0

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Indowind IPO FAQs

Indowind IPO is a main-board IPO of 12,500,000 equity shares of the face value of ₹10 aggregating up to ₹81.25 Crores. The issue is priced at ₹55 to ₹65 per share. The minimum order quantity is 100 Shares.

The IPO opens on August 21, 2007, and closes on August 24, 2007.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Indowind IPO opens on August 21, 2007 and closes on August 24, 2007.

Indowind IPO lot size is 100 Shares, and the minimum amount required is ₹6,500.

You can apply in Indowind IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Indowind IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indowind IPO allotment status.

The Indowind IPO listing date is on September 14, 2007.
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Indowind IPO Message Board

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64 Comments

64. Dr DEEPAK JAISWAL |   Link |  Bookmark |September 21, 2007 11:47:00 AM
DONT MISS THIS OPPY BUY NOW THIS SCRIP
@123- TUESDAY YOU SEE THIS SCRIP OVER- 153
63. investors |   Link |  Bookmark |September 18, 2007 9:05:59 PM
Those making profits i think beter to sell. These kind of issues will go up and come down simply by trading. Once trading interest is over i think it will come down to 65-70 level. Be careful about your money. If you still believe god to hold then continue to hold. I
Because lot of retail guys stuck up with atlanta, autoline, pochiraju at much higher levels and now spending sleepless nights.
do take best care of yourselves. Dont speculate in stocks.
62. Madhu |   Link |  Bookmark |September 18, 2007 5:07:18 PM
Indowind listing is good lesson for experts and analyst who is giving investment ideas without proper understanding of the company. They are like doctors failed to understand the condition of the patient and failed to give proper treatment.Poor investors blindly follow these experts advise and queing up at fancy IPOs. For central bank, they created much hype and heavily subscribed and given merely 30% listing gains. IVR Prime left investors minimum 35%-40% loss.Currently indowind is quoting at more than 110% premium which was published by analysts/experts as it will list at discount minimum 25%.
61. Rahul |   Link |  Bookmark |September 17, 2007 10:52:04 PM
Every investor got atleast 10-25% returns on the day of
allotment. i too got benefited with 55% benefit. Then
why should i wait for too longer period with high risk?
60. Josi |   Link |  Bookmark |September 17, 2007 2:16:12 PM
With firm allotment, investors immensely benefitted. Though I did not wait for the maximum, I got 25% return
59. Balu |   Link |  Bookmark |September 17, 2007 1:38:50 PM
Guys,Lets understand onething.This stock belongs to power sector.Experts believe that power sector is going to do well.That is why Suzlon is doing well.So this stock should not dissapoint investors.So its wise to hold on to this stock.
58. MVPA |   Link |  Bookmark |September 17, 2007 1:26:22 PM
Indowind will face the same fate of SEL Manufacturing down from 248 to 116 levels. Cautious of trading this stock?????
57. CHN |   Link |  Bookmark |September 17, 2007 1:19:26 PM
hi,
it's purely baseless that indowind grow like suzlon and
comparitive grounds are far behind basics. Indowind will
normally trade between 50-60 levels only.
56. MJ |   Link |  Bookmark |September 16, 2007 10:27:22 PM
Hello Friends,
Indowind will outperform like suzlon and will touches
250-300 levels in very short term. Hold these stocks till
October last since there is a big announcement to come.
Good Luck to all.
55. JACOB |   Link |  Bookmark |September 15, 2007 11:35:06 PM
Hi Everyone..

This is a stock which grow like "Suzlon Energy" and will
do wonders in long term. It's still having good hope to
enter this stock at Rs. 115-120 Levels.

Thanks.
54. MVS |   Link |  Bookmark |September 14, 2007 10:37:53 PM
Kon bolta tha k Indowind discount me list hoga? 75% up me khula hai...................
53. TARUN |   Link |  Bookmark |September 14, 2007 5:19:24 PM
Indowind type of shares baffel everybody. It proves fools right or QIBs as fools. In short run fools may be right but in long run QIB prove right. Exceptions cannot be rules. Play by rules. It is better to be safe than sorry.
52. Gapoo |   Link |  Bookmark |September 14, 2007 3:46:16 PM
WOW I WAS ALWAYS WRITE TO GUIDE ALL TO MY FELLOW FRIEDNS THOUGH I HAVE SOLD MY HOLDING AT 84 OR SO BUT STILL I HAVE MAKE MUCH MONEY I WAS DEAD WRITE IN SEL MFG. COMPANY AND AGAIN IN INDOWIND, PEOPLE IN THIS FORM LAUGH AT ME AND WITHDRAW ALL THEIR APPLICATION ON INDOWIND ISSUE BUT I WAS RIGHT NOW I AM KEEPING MY FINGERS CROSSED ON MAGNUM VENTURE ANOTHER ISSUE WHERE WINDFALL OF PROFITS CAN BE EARNED ON LISTING DAY SO POOJA, AMIT, SHANKAR AND JOHNY JUST WAIT FOR MY NEW RECOMMENDATION ON THIS FORUM ENJOY THE SHARE MARKET BYE
51. Balu |   Link |  Bookmark |September 14, 2007 3:38:56 PM
Indowind Energy last traded at 118. It is jackpot for all who got alloted.
50. Karthik |   Link |  Bookmark |September 14, 2007 3:11:14 PM
Indowind reached 110 now. Whoever got shares allotted.. Enjoy...
49. Murthy |   Link |  Bookmark |September 14, 2007 2:28:00 PM
Hello,

Why is this stock in positive when it did not get fully subscribed???
48. Divakar |   Link |  Bookmark |September 14, 2007 10:28:53 AM
Losting ata discount ???????????? Was a big joke might be and some good luck !!!! thanks to the +ve markets .... HAs already touched Rs. 70 (7% percent profit and full alotment) good profit !!
47. maharaj |   Link |  Bookmark |September 14, 2007 9:48:40 AM
sell it in 1 st minute,,in minimum loss dont be in hopes that it will come near issue price........sell.
46. sanjay |   Link |  Bookmark |September 14, 2007 12:16:12 AM
indowind list on45.50 on 1st day
45. MAHARAJ |   Link |  Bookmark |September 12, 2007 8:14:44 PM
GET READY FOR 25 % DOWNSIDE ON 1 ST DAY THOSE WHO HAVE BEEN ALLOTED......BAD LUCK.