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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.
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 |
Last Date to buy shares | January 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 |
Period Ended | 31 Dec 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
Assets | 3.39 | 3.34 | 3.30 | |
Revenue | 0.06 | 0.00 | ||
Profit After Tax | 0.31 | 0.00 | -0.09 | -0.09 |
Net Worth | 3.50 | 3.19 | 3.19 | 3.28 |
Reserves and Surplus | ||||
Total Borrowing | ||||
Amount in ₹ Crore |
The Company intends to utilize the Net Proceeds for the following objects:
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 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/
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
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 Entitlements | January 28, 2024 |
Last Date for renunciation of Rights Entitlements | January 23, 2024 |
Issue Opening Date | January 18, 2024 |
Issue Closing Date | February 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:
Steps to apply for IND Renewable Energy Rights Issue Jan 2024 using Net Banking (ASBA)
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)
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