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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.
| Issue Open | July 26, 2024 - August 5, 2024 |
| Security Name | Indowind Energy Limited |
| Issue Size (Shares) | 21,466,956 |
| Issue Size (Amount) | ₹48.30 Crores |
| Issue Price | ₹22.5 per share |
| Face Value | ₹10 per share |
| Listing At | BSE, NSE |
| Terms of Payment | All money payable at the time of Application |
| Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Last Date to buy shares | July 15, 2024 |
| Record Date | July 16, 2024 |
| Credit of Rights Entitlements | July 25, 2024 |
| Bid/Offer Opens On | July 26, 2024 |
| Renunciation of Rights Entitlements | July 31, 2024 |
| Bid/Offer Closes On | August 5, 2024 |
| Deemed Date of Allotment | August 9, 2024 |
| Credit Date | August 16, 2024 |
| Listing Date | August 20, 2024 |
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 | ||||
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
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 29,615,917 shares.
16 4.6 Rating:  Vote Here ... |
Indowind Energy Limited
Kothari Buildings,
4 th Floor
Chennai-600034
Phone: 044-28331310
Email: rachana@indowind.com
Website: http://www.indowind.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
The Indowind Energy Rights Issue 2024 opens on July 26, 2024, and closes on August 5, 2024.
Indowind Energy Rights Issue 2024 Schedule
| Last Date for credit of Rights Entitlements | July 25, 2024 |
| Last Date for renunciation of Rights Entitlements | July 31, 2024 |
| Issue Opening Date | July 26, 2024 |
| Issue Closing Date | August 5, 2024 |
| Date of Allotment (on or about) | August 9, 2024 |
| Date of Credit (on or about) | August 16, 2024 |
| Date of Listing (on or about) | August 20, 2024 |
Indowind Energy Rights Issue 2024 price is set at ₹22.5 per share per equity share.
The eligible shareholders are being offered 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date (July 16, 2024).
The record date for the Indowind Energy Rights Issue 2024 is July 16, 2024.
The issue size of Indowind Energy Rights Issue 2024 is of 21,466,956 equity shares at ₹22.5 per share aggregating upto ₹48.30 Crores.
The Letter of Offer for Indowind Energy Rights Issue 2024 can be download here.
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)
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 Indowind Energy Rights Issue 2024 using Registrar's website (R-WAP)
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