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Ind Renewable Energy Ltd Rights Issue (IND Renewable Energy Rights Issue Jan 2024) Detail

January 18, 2024 - February 2, 2024

Incorporated in 2011, IND Renewable Energy Limited has started generating solar power, including rooftop solar. The company is involved in the business of providing infrastructure, managing, owning, controlling, erecting, commissioning, operating, running, leasing or transferring power plants based on conventional or non-conventional energy sources such as solar energy plants, wind energy plants, mechanical, electrical, hydel, tidal, wave energy, thermal, oil, gas, air, sea energy, diesel oil, heavy furnace oil, naptha, bio-mass, bio-gas, coal, civil engineering works, and similar projects. They also supply electricity to participating industries, State Electricity Boards, and other boards for industrial, commercial, domestic, public, and other purposes. Additionally, they provide regular services for repairing and maintaining all distribution and supply lines, renewable energy sources, waste treatment plants of all kinds, and equipment thereof in India and outside India. The company also manufactures, procures, and deals in all ancillary products like transformers, batteries, inverters, etc., required for or capable of being used in connection with the above industry.

As of March 31st, 2023, the company has six full-time employees. The company is currently in the process of expanding our team.

IND Renewable Energy Rights Issue Jan 2024 Detail

Issue Open January 18, 2024 - February 2, 2024
Security Name Ind Renewable Energy Ltd
Issue Size (Shares) 12,109,440
Issue Size (Amount) ₹25.43 Crores
Issue Price ₹21 per share
Face Value ₹10 per share
Listing At BSE
Terms of Payment

Full amount of Rs.2 per Equity Share is payable on application.

Entitlement 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date

IND Renewable Energy Rights Issue Jan 2024 Issue Timetable

Last Date to buy sharesJanuary 5, 2024
Record Date January 8, 2024
Credit of Rights Entitlements January 28, 2024
Bid/Offer Opens On January 18, 2024
Renunciation of Rights Entitlements January 23, 2024
Bid/Offer Closes On February 2, 2024
Deemed Date of Allotment February 3, 2024
Credit Date February 8, 2024
Listing Date February 13, 2024

Company Financials

Ind Renewable Energy Ltd Financial Information (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3.393.343.30
Revenue0.060.00
Profit After Tax0.310.00-0.09-0.09
Net Worth3.503.193.193.28
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Objects of the Issue:

The Company intends to utilize the Net Proceeds for the following objects:

  1. To acquire the Plant & Machinery to set up a 2.5 MWp Solar PV System . 
  2. Payment of Security Deposit for renting Land for setting up of Solar Plant 300.00
  3. To meet General Corporate purposes

IND Renewable Energy Rights Issue Jan 2024 Subscription Status

IND Renewable Energy Rights Issue Jan 2024 got oversubscribed by 1.05 times by the end of the bidding period with total bid quantity received by BSE of 12,731,176 shares.

IND Renewable Energy Rights Issue Jan 2024 Documents

IND Renewable Energy Rights Issue Jan 2024 Rating

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IND Renewable Energy Rights Issue Jan 2024 Reviews

Company Contact Information

Ind Renewable Energy Ltd
503, Western Edge II,
Western Express High Way
Borivali East, Mumbai-400066

Phone: 022 2870 2070
Email: ind.renewable01@gmail.com
Website: http://indrenewable.com/

IND Renewable Energy Rights Issue Jan 2024 Registrar

  1. Link Intime India Private Ltd
    Phone: +91-22-4918 6270
    Email: indrenewable.rights@linkintime.co.in
    Website: https://linkintime.co.in/initial_offer/public-issues.html

IND Renewable Energy Rights Issue Jan 2024 Lead Manager(s)

IND Renewable Energy Rights Issue Jan 2024 FAQs

The IND Renewable Energy Rights Issue Jan 2024 opens on January 18, 2024, and closes on February 2, 2024.

IND Renewable Energy Rights Issue Jan 2024 Schedule

Last Date for credit of Rights EntitlementsJanuary 28, 2024
Last Date for renunciation of Rights EntitlementsJanuary 23, 2024
Issue Opening DateJanuary 18, 2024
Issue Closing DateFebruary 2, 2024
Date of Allotment (on or about)February 3, 2024
Date of Credit (on or about)February 8, 2024
Date of Listing (on or about)February 13, 2024

IND Renewable Energy Rights Issue Jan 2024 price is set at ₹21 per share per equity share.

The eligible shareholders are being offered 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date (January 8, 2024).

The record date for the IND Renewable Energy Rights Issue Jan 2024 is January 8, 2024.

The issue size of IND Renewable Energy Rights Issue Jan 2024 is of 12,109,440 equity shares at ₹21 per share aggregating upto ₹25.43 Crores.

The Letter of Offer for IND Renewable Energy Rights Issue Jan 2024 can be download here.

You can apply for IND Renewable Energy Rights Issue Jan 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for IND Renewable Energy Rights Issue Jan 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the IND Renewable Energy Rights Issue Jan 2024 available on the list.
  4. Click the Apply button next to the IND Renewable Energy Rights Issue Jan 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for IND Renewable Energy Rights Issue Jan 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select IND Renewable Energy Rights Issue Jan 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

7 Comments

7. Sachin Kumar Agarwal     Link|February 16, 2024 9:27:57 AM
I have applied for the right issue of IND RENEWABLE ENERGY.but allotment not done yet and also my money is blocked.How can I unblock my amount.
6. Soumya     Link|February 14, 2024 1:06:43 PM
I had applied for ipo but allotment is not happened to me nor my blocked amount is not released , please some one advice
6.1. Akshay Khandelwal     Link|February 14, 2024 1:17:24 PM
Same happened to me
5. Sanjay kumar jain     Link|February 13, 2024 8:28:40 PM
Neither share issued or refund done. Amount blocked.
4. Kapil     Link|February 8, 2024 12:10:52 PM
Where can we check whether the right issue is credited or not ?
4.1. Anil     Link|February 12, 2024 10:20:58 AM
???
3. guruprasad     Link|January 24, 2024 8:48:16 AM
How to apply for RIGHT TO ISSUE shares of IREDA
2. AMAR     Link|January 18, 2024 4:32:33 PM
Plz provide RE name to trace share for buy
1. Rashut   I Like It. 1|  Link|January 8, 2024 2:58:20 PM
Don't get confuse with IREDA. Both are different companies.

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