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Indowind Energy Limited Rights Issue (Indowind Energy Rights Issue 2024) Detail

July 26, 2024 - August 5, 2024
Indowind Energy Limited Logo

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.

Indowind Energy Rights Issue 2024 Detail

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

Indowind Energy Rights Issue 2024 Issue Timetable

Last Date to buy sharesJuly 15, 2024
Record Date July 16, 2024
Credit of Rights Entitlements
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
Credit Date
Listing Date

Company Financials

Indowind Energy Limited Financial Information (Restated)

Indowind Energy Limited's revenue increased by 24.37% and profit after tax (PAT) dropped by -15205.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets323.36313.28288.08291.51
Revenue32.5138.1330.6624.78
Profit After Tax6.71-19.260.130.22
Net Worth236.52230.11228.53226.79
Total Borrowing64.2760.0556.0660.71
Amount in ₹ Crore

Objects of the Issue:

The Company proposes to utilize the Net Proceeds towards the funding of the following objects:

  • To invest in developing the 6 MW (DC) Solar Power Project in Tamil Nadu;
  • Appropriation of a part of the Net Proceeds to issue Rights Shares to Loyal Credit & Investments Limited, one of the Corporate Promoters of the Company as and by way of reimbursement of the amount paid by Loyal Credit & Investments Limited to EXIM on our behalf; and
  • General Corporate Purposes

Indowind Energy Rights Issue 2024 Documents

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Company Contact Information

Indowind Energy Limited
Kothari Buildings,
4 th Floor
Chennai-600034

Phone: 044-28331310
Email: rachana@indowind.com
Website: http://www.indowind.co.in/

Indowind Energy Rights Issue 2024 Registrar

  1. Bigshare Services Pvt Ltd
    Phone: +91-22-6263 8200
    Email: rightsissue@bigshareonline.com
    Website: https://ipo.bigshareonline.com/ipo_status.html

Indowind Energy Rights Issue 2024 Lead Manager(s)

Find Indowind Energy Rights Issue 2024 Latest Update

Indowind Energy Rights Issue 2024 FAQs

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
Last Date for renunciation of Rights EntitlementsJuly 31, 2024
Issue Opening DateJuly 26, 2024
Issue Closing DateAugust 5, 2024
Date of Allotment (on or about)
Date of Credit (on or about)
Date of Listing (on or about)

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:

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

Steps to apply for Indowind Energy Rights Issue 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 Indowind Energy Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Indowind Energy Rights Issue 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 Indowind Energy Rights Issue 2024 using Registrar's website (R-WAP)

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

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