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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 Opening Date | Aug 21, 2007 |
| IPO Closing Date | Aug 24, 2007 |
| Issue Type | Book Built Issue IPO |
| 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 |
| Issue Size | 12,500,000 Eq Shares of ₹10 (aggregating up to ₹81.25 Cr) |
The Indowind IPO market 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 (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 100 | ₹6,500 |
| Maximum | 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 equity share |
| Face Value | ₹10 per equity 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
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 is priced at ₹55 to ₹65 per equity 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 100 Shares.
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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