Indowind Energy Rights Issue 2024 FAQ's

₹48.30 Crores | Listing at BSE, NSE | Fri, Jul 26, 2024 - Mon, Aug 5, 2024

Indowind Energy Limited Rights Issue Date 2026 & Price FAQs

The timetable for Indowind Energy Limited Rights Issue is as follows:

Last Date for credit of Rights EntitlementsThu, Jul 25, 2024
Last Date for renunciation of Rights EntitlementsWed, Jul 31, 2024
Issue Opening DateFri, Jul 26, 2024
Issue Closing DateMon, Aug 5, 2024
Date of Allotment (on or about)Fri, Aug 9, 2024
Date of Credit (on or about)Fri, Aug 16, 2024
Date of Listing (on or about)Tue, Aug 20, 2024

Indowind Energy Rights Issue 2024 price is set at ₹22.5 per share. The Indowind Energy Rights Issue 2024 opens on Fri, Jul 26, 2024, and closes on Mon, Aug 5, 2024, for the subscription.

The allotment of Indowind Energy Rights Issue 2024 is expected to happen on or about August 9, 2024 as per the issue schedule.

Indowind Energy Rights Issue 2024 listing date is 2024-08-21T00:00:00.000Z.

The credit of Indowind Energy Rights Issue 2024 in Demat account is expected on or about August 16, 2024 as per the issue schedule.

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

  • To invest in developing the 6 MW (DC) Solar Power Project in Tamil Nadu;
  • Appropriation of a part of the Net Proceeds to issue Rights Shares to Loyal Credit & Investments Limited, one of the Corporate Promoters of the Company as and by way of reimbursement of the amount paid by Loyal Credit & Investments Limited to EXIM on our behalf; and
  • General Corporate Purposes

It is difficult to predict the exact listing price of Indowind Energy Limited Rights Issue shares. The price depends on the demand and supply of the company's shares on the day of listing.

We do not provide Rights Issue recommendations. However, we share a lot of information about Indowind Energy Limited which could help you with questions like whether to subscribe or not. Consider reading Indowind Energy Limited reviews and analysis from experts posted on the Rights Issue detail page.