Indowind Energy Limited IPO (Indowind IPO) Detail

Aug 21, 2007 - Aug 24, 2007

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:

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 Details

IPO DateAug 21, 2007 - Aug 24, 2007
Issue TypeBook Built Issue IPO
Issue Size12,500,000 Eq Shares of ₹10
(aggregating up to ₹81.25 Cr)
Face Value₹10 Per Equity Share
IPO Price₹55 to ₹65 Per Equity Share
Market Lot100 Shares
Min Order Quantity100 Shares
Listing AtBSE, NSE

Indowind IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1100₹6,500
Maximum303000₹195,000

Indowind IPO Subscription Status (Bidding Detail)

Indowind IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Aug 24, 2007 17:00

0.90x

0.85x

1.12x

1.05x

0.97x

Indowind IPO Prospectus

Indowind IPO Rating

123
3.7
Rating:Rated 3.7 stars

Vote Here ...

Indowind IPO Listing Date

Listing DateFriday, September 14, 2007
BSE Script Code532894
NSE SymbolINDOWIND
Listing InB1
ISININE227G01018
IPO Price₹65 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹65.00
₹80.25
₹55.10
₹124.50
₹114.05
40,391,092
NSE
₹65.00
₹75.00
₹58.95
₹124.00
₹113.65
48,415,594

Indowind IPO Reviews / Ratings

  • Keynote Capitals Ltd - Neutral
  • S P Tulsian - Avoid

Company Contact Information

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
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Indowind IPO FAQs

  1. 1. What is Indowind IPO?

    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 price of the IPO is ₹55 to ₹65 Per Equity Share. The minimum order quantity is 100 Shares per application and the offer type is Book Built Issue.

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

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

  2. 2. When Indowind IPO will open?

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

  3. 3. How to apply for Indowind IPO?

    Indowind IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Indowind IPO allotment?

    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.

  5. 5. When is Indowind IPO listing date?

    The Indowind IPO listing date is on Friday, September 14, 2007, at BSE, NSE.
  6. 6. What is the lot size of Indowind IPO?

    Indowind IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.

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Indowind IPO Review / Comments

Dr DEEPAK JAISWAL
64. Dr DEEPAK JAISWAL  Sep 21, 2007 11:47
DONT MISS THIS OPPY BUY NOW THIS SCRIP
@123- TUESDAY YOU SEE THIS SCRIP OVER- 153
investors
63. investors  Sep 18, 2007 21:05
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.
Madhu
62. Madhu  Sep 18, 2007 17:07
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%.
Rahul
61. Rahul  Sep 17, 2007 22:52
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?
Josi
60. Josi  Sep 17, 2007 14:16
With firm allotment, investors immensely benefitted. Though I did not wait for the maximum, I got 25% return
Balu
59. Balu  Sep 17, 2007 13:38
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.
MVPA
58. MVPA  Sep 17, 2007 13:26
Indowind will face the same fate of SEL Manufacturing down from 248 to 116 levels. Cautious of trading this stock?????
CHN
57. CHN  Sep 17, 2007 13:19
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.
MJ
56. MJ  Sep 16, 2007 22:27
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.
JACOB
55. JACOB  Sep 15, 2007 23:35
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.
MVS
54. MVS  Sep 14, 2007 22:37
Kon bolta tha k Indowind discount me list hoga? 75% up me khula hai...................
TARUN
53. TARUN  Sep 14, 2007 17:19
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.
Gapoo
52. Gapoo  Sep 14, 2007 15:46
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
Balu
51. Balu  Sep 14, 2007 15:38
Indowind Energy last traded at 118. It is jackpot for all who got alloted.
Karthik
50. Karthik  Sep 14, 2007 15:11
Indowind reached 110 now. Whoever got shares allotted.. Enjoy...
Murthy
49. Murthy  Sep 14, 2007 14:28
Hello,

Why is this stock in positive when it did not get fully subscribed???
Divakar
48. Divakar  Sep 14, 2007 10:28
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 !!
maharaj
47. maharaj  Sep 14, 2007 09:48
sell it in 1 st minute,,in minimum loss dont be in hopes that it will come near issue price........sell.
sanjay
46. sanjay  Sep 14, 2007 00:16
indowind list on45.50 on 1st day
MAHARAJ
45. MAHARAJ  Sep 12, 2007 20:14
GET READY FOR 25 % DOWNSIDE ON 1 ST DAY THOSE WHO HAVE BEEN ALLOTED......BAD LUCK.






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