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Indowind IPO Details

Issue Open Aug 21, 2007
Issue Close Aug 24, 2007
IPO Price ₹65
Face Value ₹10
IPO Size ₹81.25 Cr
Listing At BSE, NSE
IPO Lot Size 100

INDOWIND ENERGY LIMITED

Incorporated as Indowind Energy Private Limited under the Companies Act, 1956 vide certificate of incorporation dated July 19,1995.The Company became a deemed public limited company on September 30,1997 and was converted into a pubic limited company on December 29,2000. Our Company has been allocated CIN U40108TN1995PLC032311,
Registered Office: 4th floor, Kothari Building, 114 Nungambakkam High Road, Chennai- 600 034 For changes in the address of the Registered Office please refer chapter titled 'History and Corporate Structure' beginning on page 119 of our Prospectus. Tel No: (044) 2833 0867/28331310; Fax No: (044) 2833 0208
E-mail: ipo@indowind.com: Website: www.indowind.com;
Contact person: Mr. S. Diraviam, Company Secretary and Compliance Officer

BASIS OF ALLOTMENT

Public issue of 1,25,00,000 equity shares of Rs.10/- each for cash at a price of Rs.65 per equity share aggregating Rs.8125.00 lakhs. Out of which 2,60,000 Equity Shares of Rs. 10/- each have been reserved for subscription by Eligible Employees of our Company aggregating to Rs. 169 Lakhs and a Net Issue of 1,22,40,000 Equity Shares of Rs. 10/- each aggregating to Rs. 7956.00 Lakhs. The Net Issue would constitute 25% of the fully diluted post Issue paid-up equity capital of the Company.
The issue received 11,343 valid applications for 1,14,06,200 equity shares resulting in 0.912 times subscription.
The Basis of Allotment was approved by Bombay Stock Exchange Limited (Designated Stock Exchange) on September 05, 2007. The Board of Directors of the Company at its meeting held on September 06, 2007 has approved the Basis of Allotment of equity shares and allotted the equity shares to various successful applicants.
PUBLIC ISSUE
The details of valid applications received in the issue from Retail Category, Corporates/lnstitutions (Non Retail Category) and QIBs are as under:

Category No. of applications No. of Shares Applied Subscription
Qualified Institutional Bidders inclusive of Mutual Funds 6 54,88,800 0.896
Non-Institutional Bidders 13 16,11,300 0.877
Retail Investors 11,320 40,34,300 0.941
Employees 4 2,71,800 1.045
Total 11,343 1,14,06,200 0.912

A. Allotment to Retail Investors
The total number of shares allotted in this category is 40,34,300 equity shares. This category has been under subscribed and therefore all the applicants in this category have been given firm allotment.

B. Allotment to Non Institutional Investors (Such number of Equity Shares that the Bid Amount exceeds Rs. 1,00,000 and in multiples of 100 Equity Shares thereafter)

The total number of shares allotted in this category is 16,11,300 equity shares. This category has been under subscribed and therefore all the applicants in this category have been given firm allotment.

C. Allotment to Qualified Institutional Buyers (QIBs)
The total number of shares allotted in this category is 53,67,200 equity shares. This category has been under subscribed. The total number of equity shares offered in this category are 6120000 equity shares. Out of 6120000 equity shares offered to QIBs are as per the terms of the issue, 306000 (i.e 5% of 6120000 equity shares) has been allotted proportionately to mutual funds. Mutual Funds applicants have also been considered eligible for proportionate allotment for the balance equity shares in QIBs category i.e 5814000 shares.
Bidders should note that on the basis of name of the Bidders, DP ID and Client ID provided by them in the Bid cum Application Form, Registrar to the Issue has obtained from the Demographic Details of the Bidders details such as address, bank account details along with the nine digit MICR Code and occupation (herein after referred to as 'Demographic Details') from the Depositories. These Demographic Details have been used for all correspondence with the Bidders including mailing of the refund orders/CANs/ Allocation Advice/Refund Advice, printing of bank particulars on the refund order and for refunds through ECS/Direct Credit/RTGS. The Demographic Details given by the Bidders in the Bid cum-application form would not be used for these purposes by the Registrar. Investors should also note that the bank particulars received from the Depositories have been used for refund through ECS/Direct Credit/RTGS and overprinted on the refund orders. Applicants having a bank account In any of the 15 centres where clearing houses are managed by the Reserve Bank of India (RBI) viz. Ahmedabad, Bangalore, Bhubaneshwar, Chandigarh, Chennai, Guwahati, Hyderabad, Jaipur, Kanpur, Kolkata, Mumbai, Nagpur, New Delhi, Patna and Thiruvananthapuram, will get refunds through mandatory Electronic Clearance Scheme (ECS) only, except where applicant is otherwise disclosed as eligible to get refunds through direct credit or Real lime Gross Settlement (WIGS). Applicants having a bank account at any of the 15 centers detailed above, and whose bid amount exceeds Rs. 1 million, were eligible to exercise the option to receive refunds, if any, through RIGS if the IF SC code was mentioned in the Bid-cum-application form
The despatch of Refund Orders has been completed by September 7,2007 to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the address given below. The refund orders have been printed with the Bank Mandate details as registered, if any, with the depositories. The Equity Shares allocated to the successful applicants have been credited to their beneficiary accounts on September 7, 2007 subject to validation of the account details with the depositories concerned. The Company has submitted the listing application on September 7, 2007. The Company is taking steps to get the Equity shares admitted for trading on Bombay Stock Exchange Limited and National Stock Exchange of India Limited and within seven working days from the date of approval of the basis of allocation.

INVESTORS PLEASE NOTE
The details of the allocation made have been hosted on the website of Registrar to the Issue viz., Bigshare Services Private Limited at ipo@bigshareonline.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the first/ sole applicant, serial number of the Bid-cum-application form, number of Equity 'Shares bid for, name of the member of the syndicate and place where the bid was submitted and payment details at the address given below:

Bigshare Services Private Limited
E-2, Ansa Industrial Estate, Sakivihar Road, Saki Naka,
Andheri (East), Mumbai - 400 072.
Tel: +91 22 2847 3747/3474; Fax: +91 22 2847 5207.
Email: ipo@bigshareonline.com Website: www.bigshareonline.com
Contact Person ; Mr N V K Mohan



Place: Chennai
Date : September 10, 2007

For INDOWIND ENERGY LIMITED
On behalf of the Board of Directors
Sd/-
Non Executive Chairman

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF INDOWIND ENERGY LIMITED.

Indowind IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in Indowind IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The Indowind IPO basis of allotment (published above) tells you how shares are allocated to you in Indowind IPO and category wise demand of IPO share.

Visit the Indowind IPO allotment status page to check the number of shares allocated to your application.

Check the basis of allotment document above to know about how the shares are allocated in Indowind IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).