Indowind Energy Limited Right Issue

₹48.30 Cr BSE, NSE 26 Jul 2024 – 5 Aug 2024

Closed Ratio: 1 : 5 BSE, NSE
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Issue Price
₹22.50
Face Value
₹10.00
Issue Size (Shares)
21,466,956
Issue Size (₹ Cr.)
₹48.30
📅 Right Issue Timetable
Last Date to Buy SharesMon, Jul 15, 2024
Record DateTue, Jul 16, 2024
Credit of Rights EntitlementsThu, Jul 25, 2024
Bid/Offer Opens OnFri, Jul 26, 2024
Issue Open DateFri, Jul 26, 2024
Renunciation Last DateWed, Jul 31, 2024
Bid/Offer Closes OnMon, Aug 5, 2024
Issue Close DateMon, Aug 5, 2024
Deemed Date of AllotmentFri, Aug 9, 2024
Credit DateFri, Aug 16, 2024
Listing DateTue, Aug 20, 2024
📋 Right Issue Details
Issue Size (Shares)21,466,956
Issue Size (Amount)₹48.30 Cr.
Issue Price₹22.50 per share
Face Value₹10.00 per share
Entitlement Ratio1 : 5
Listing AtBSE, NSE
Terms of PaymentAll money payable at the time of Application
📊 Company Financials (Restated)
Period Ended2024-03-312023-03-312022-03-31
Income44.2538.1330.66
EBITDA
Net Worth237.16230.11228.53
Reserves & Surplus

Amount in ₹ Crore

🎯 Objects of the Issue
#ObjectEst. Amount (₹ Cr.)
1To invest in developing the 6 MW (DC) Solar Power Project in Tamil Nadu;
3General Corporate Purposes
🏢 About the Company
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.
📞 Company Contact
CompanyIndowind Energy Limited
AddressKothari Buildings,
4 th Floor
Chennai-600034
Chennai, Tamil Nadu, 600034
Phone044-28331310
Emailrachana@indowind.com
WebsiteVisit ↗
📝 Registrar
NameBigshare Services Pvt.Ltd
Phone8657578989/8069219065/806921906
Emailrightsissue@bigshareonline.com
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