₹43.08 Crores | Listing at BSE, NSE | Fri, Jan 27, 2023 - Fri, Feb 24, 2023
Indowind Energy Limited Rights Issue comprises 3.59 Cr equity shares aggregating to ₹43.08 Cr, offered at an issue price of ₹12 per share with a face value of ₹10 per share.
The record date for determining eligible shareholders is Jan 13, 2023.
As per the terms of payment, ₹12 per share payable in full at the time of application.
The Rights Entitlements are expected to be credited to eligible demat accounts on Jan 20, 2023.
The Rights Issue opens on Jan 27, 2023 and closes on Feb 24, 2023.
The deemed date of allotment is Feb 20, 2023, following which the equity shares are expected to be credited to demat accounts on Feb 24, 2023 and listed on NSE and BSE on Feb 28, 2023.
Bigshare Services Pvt.Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Indowind Energy Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Jan 13, 2023
Entitlement Ratio
:
Open Date
Fri, Jan 27, 2023
Close Date
Fri, Feb 24, 2023
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 291.51 | 20.67 | 0.22 |
| 31-Mar-22 | 287.8 | 27 | 0.13 |
| Amount in ₹ Crore | |||
Indowind Energy Limited is an Independent Power Producer and operates in the renewable energy field generating. They have dedicated Wind farms where they also offer allied services in the Wind Energy sector.
Indowind aspires to become a global player in the wind energy sector with its dedication and continuous growth in the sector. The company has impeccable capabilities in setting up, Operating, and Maintaining Wind farms backed by optimum machine availability. The customer base of the company largely consists of Corporates and EB and they serve them with their experience of over a decade of the domain and technology knowledge to provide end-to-end solutions & services.
The Object of the Issue is:
Repayment of secured loan obtained by the Company from EXIM Bank of India under the negotiated terms.
[Dilip Davda] The company is operating in a highly competitive segment with many big players. Post-RI higher paid-up equity capital may pose servicing issues as its bottom line has remained much lower except for 3Qs of FY23. The counter is well-operated above the RI price to lure investors. Investors may skip this high-risk/low-yield bet. Read detail review...
Indowind Energy Limited
Kothari Buildings 4th Floor,
114, M.G. Road, Nungambakkam,
Chennai-600034
Chennai, Tamil Nadu, 600034
The Indowind Energy Rights Issue 2022 opens on Fri, Jan 27, 2023, and closes on Fri, Feb 24, 2023.
Indowind Energy Rights Issue 2022 Schedule
| Last Date for credit of Rights Entitlements | Fri, Jan 20, 2023 |
| Last Date for renunciation of Rights Entitlements | Mon, Feb 6, 2023 |
| Issue Opening Date | Fri, Jan 27, 2023 |
| Issue Closing Date | Fri, Feb 24, 2023 |
| Date of Allotment (on or about) | Mon, Feb 20, 2023 |
| Date of Credit (on or about) | Fri, Feb 24, 2023 |
| Date of Listing (on or about) | Tue, Feb 28, 2023 |
You can apply for Indowind Energy Rights Issue 2022 in two ways:
Steps to apply for Indowind Energy Rights Issue 2022 using Net Banking (ASBA)
Steps to apply for Indowind Energy Rights Issue 2022 using Registrar's website (R-WAP)
