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 - Aug 24, 2007 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 12,500,000 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 Lot | 100 Shares |
| Min Order Quantity | 100 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 100 | ₹6,500 |
| Maximum | 30 | 3000 | ₹195,000 |
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 | |
| Listing Date | Friday, September 14, 2007 |
| BSE Script Code | 532894 |
| NSE Symbol | INDOWIND |
| Listing In | B1 |
| ISIN | INE227G01018 |
| IPO Price | ₹65 Per Equity Share |
| Face Value | ₹10 Per Equity Share |
|
|
|
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
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
Lead Manager Reports
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.
The Indowind IPO opens on Aug 21, 2007 and closes on Aug 24, 2007.
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.
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.
Indowind IPO lot size is 100 Shares and the minimum order quantity is 100 Shares.
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