₹48.30 Crores | Listing at BSE, NSE | Fri, Jul 26, 2024 - Mon, Aug 5, 2024
Indowind Energy Limited Rights Issue comprises 2.15 Cr equity shares aggregating to ₹48.30 Cr, offered at an issue price of ₹22.5 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Jul 16, 2024, with the Rights Issue being offered in the entitlement ratio of 1 : 5.
The term of payment is defined as following : All money payable at the time of Application
The Rights Entitlements are expected to be credited to eligible demat accounts on Aug 9, 2024.
The Rights Issue opens on Jul 26, 2024, and closes on Aug 5, 2024, with renunciation of Rights Entitlements permitted up to Jul 31, 2024.
The deemed date of allotment is Aug 9, 2024, following which the equity shares are expected to be credited to demat accounts on Aug 16, 2024 and listed at the NSE and the BSE on Aug 20, 2024.
Srujan Alpha Capital Advisors LLP is the Lead Manager to the issue and 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
Tue, Jul 16, 2024
Entitlement Ratio
1 : 5
Open Date
Fri, Jul 26, 2024
Close Date
Mon, Aug 5, 2024
All money payable at the time of Application
Indowind Energy Limited's revenue increased by 16.07% and profit after tax (PAT) rose by 137.74% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 312.37 | 313.28 | 288.08 | 291.51 |
| Revenue | 44.25 | 38.13 | 30.66 | 24.78 |
| Profit After Tax | 7.27 | -19.26 | 0.13 | 0.22 |
| Net Worth | 237.16 | 230.11 | 228.53 | 226.79 |
| Total Borrowing | 55.19 | 60.05 | 56.06 | 60.71 |
| Amount in ₹ Crore | ||||
Incorporated in 1995, Indowind Energy Limited is an Independent Power Producer that owns, operates and maintains windmills. They have dedicated Wind farms where they also offer allied services in the Wind Energy sector.
The company can generate 49.645 MW of wind energy using 123 windmills in Tamil Nadu and Karnataka.
Indowind aspires to become a global player in the wind energy sector with its dedication and continuous growth. The company has impeccable capabilities in setting up, Operating, and Maintaining Wind farms backed by optimum machine availability. The company's customer base largely consists of Corporates and EBs, and they serve them with their over a decade of domain and technology knowledge to provide end-to-end solutions and services.
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
[Dilip Davda] The company is primarily engaged in wind mill power generation and marketing in Tamil Nadu and Karnataka. It marked steady growth in its top lines, but bottom line marked wild fluctuations. However, considering the fancy for renewable energy segment and government support, this company may witness good prospects ahead. Well-informed investors may park moderate funds for the long term. Read detail review...
Indowind Energy Rights Issue 2024 got oversubscribed by 1.38 times by the end of the bidding period with total bid quantity received by BSE and NSE of 2,96,15,917 shares. Check Day by Day Subscription Details (Live Status)
| Date | BSE Bid Quantity | NSE Bid Quantity | Total Bid Quantity | Subscription Times |
|---|---|---|---|---|
Aug 05 2024 17:00:00 | 1,55,59,739 | 1,40,56,178 | 2,96,15,917 | 1.38x |
Indowind Energy Limited
Kothari Buildings,
4 th Floor
Chennai-600034
Chennai, Tamil Nadu, 600034
The Indowind Energy Rights Issue 2024 opens on Fri, Jul 26, 2024, and closes on Mon, Aug 5, 2024.
Indowind Energy Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | Thu, Jul 25, 2024 |
| Last Date for renunciation of Rights Entitlements | Wed, Jul 31, 2024 |
| Issue Opening Date | Fri, Jul 26, 2024 |
| Issue Closing Date | Mon, 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 |
You can apply for Indowind Energy Rights Issue 2024 in two ways:
Steps to apply for Indowind Energy Rights Issue 2024 using Net Banking (ASBA)
Steps to apply for Indowind Energy Rights Issue 2024 using Registrar's website (R-WAP)
