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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.
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.
| IPO Date | Aug 21, 2007 to Aug 24, 2007 |
| Listing Date | Friday, September 14, 2007 |
| Face Value | ₹10 per share |
| Price | ₹55 to ₹65 per share |
| Lot Size | 100 Shares |
| Issue Size | 12,500,000 shares of ₹10 (aggregating up to ₹81.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
The Indowind IPO lot size is 100 shares. A retail-individual investor can apply for up to 30 lots (3000 shares or ₹195,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,500 |
| Retail (Max) | 30 | 3000 | ₹195,000 |
The Indowind IPO is subscribed 0.97 times on Aug 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)
| Category | Subscription (times) |
|---|
| Listing Date | Friday, September 14, 2007 |
| BSE Script Code | 532894 |
| NSE Symbol | INDOWIND |
| Listing In | B1 Group of Securities |
| ISIN | INE227G01018 |
| IPO Price | ₹65 per share |
| Face Value | ₹10 per share |
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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
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
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 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.
The Indowind IPO opens on Aug 21, 2007 and closes on Aug 24, 2007.
Indowind IPO lot size is 100 Shares and the minimum order quantity is .
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, Edelweiss, 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.
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@123- TUESDAY YOU SEE THIS SCRIP OVER- 153