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Ind Renewable Energy Ltd Right Issue

₹25.43 Cr BSE 18 Jan 2024 – 2 Feb 2024

Closed Ratio: 4 : 1 BSE
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Issue Price
₹21.00
Face Value
₹10.00
Issue Size (Shares)
12,109,440
Issue Size (₹ Cr.)
₹25.43
📅 Right Issue Timetable
Last Date to Buy SharesFri, Jan 5, 2024
Record DateMon, Jan 8, 2024
Credit of Rights EntitlementsSun, Jan 28, 2024
Bid/Offer Opens OnThu, Jan 18, 2024
Issue Open DateThu, Jan 18, 2024
Renunciation Last DateTue, Jan 23, 2024
Bid/Offer Closes OnFri, Feb 2, 2024
Issue Close DateFri, Feb 2, 2024
Deemed Date of AllotmentSat, Feb 3, 2024
Credit DateThu, Feb 8, 2024
Listing DateTue, Feb 13, 2024
📋 Right Issue Details
Issue Size (Shares)12,109,440
Issue Size (Amount)₹25.43 Cr.
Issue Price₹21.00 per share
Face Value₹10.00 per share
Entitlement Ratio4 : 1
Listing AtBSE
Terms of PaymentFull amount of Rs.2 per Equity Share is payable on application.
📊 Company Financials (Restated)
Period Ended2023-12-312023-03-312022-03-31
Income0.06
EBITDA
Net Worth3.503.193.19
Reserves & Surplus

Amount in ₹ Crore

🏢 About the Company
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.
📞 Company Contact
CompanyInd Renewable Energy Ltd
Address503, Western Edge II,
Western Express High Way
Borivali East, Mumbai-400066
Borivali, Maharashtra, 400066
Phone022 2870 2070
Emailind.renewable01@gmail.com
WebsiteVisit ↗
📝 Registrar
NameMUFG Intime India Pvt.Ltd
Phone022-49186000
Emailindrenewable.rights@linkintime.co.in
WebsiteVisit ↗