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Right Issue Status: Closed [18th Jan 2024 to 2nd Feb 2024]
IND Renewable Energy Limited offers Right Issue size of Rs 25.43 Cr. The subscription for this Rights Issue is opening from 18 Jan 2024 to 29 Jan 2024. The company issues entitlement of 4 Rights equity shares for every fully paid-up 1 equity shares held on the record date of 8 Jan 2024. The face value of a share is Rs.10 per share and the right issue price is fixed at Rs. 21 per share.
Stay connected with us to more about IND Renewable Energy Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, sand more.
The Company intends to utilize the Net Proceeds for the following objects:
| Ind Renewable Energy Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 1.21 Cr Shares |
| Right Issue Issue Size (Amount) | ₹25.43 Cr |
| Face Value | ₹10 Per Equity Share |
| Right Issue - Issue Price | ₹21 per share |
| Right Issue Record Date | 8th Jan 2024 |
| Right Issue Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
| Right Issue Terms of payment | Full amount of Rs.2 per Equity Share is payable on application. |
| Listing At | BSE |
| BSE Code | 536709 |
| NSE Code |
In this section we have covered all important dates related to Ind Renewable Energy Right Issue. Dates are updated as they are announced. The most noted dates are Right Issue start date and Right Issue end date, which one should use to participate in Right Issue.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 18th Jan 2024 |
| Right Issue Issue Close Date | 2nd Feb 2024 |
| Basis of Allotment Finalisation Date* | 3rd Feb 2024 |
| Refunds Initiation* | 23rd Jan 2024 |
| Credit of Shares to Demat Account* | 8th Feb 2024 |
| Right Issue Listing Date* | 13th Feb 2024 |
* - Tentative Dates
Zerodha Trade@20
IND Renewable Energy Ltd. is a company that was established in 2011 with the goal of providing sustainable infrastructure and services related to power plants. The company specializes in managing, owning, controlling, constructing, commissioning, operating, and leasing a wide range of power plants, including conventional and non-conventional energy plants, such as solar, wind, mechanical, electrical, hydro, tidal, wave, thermal, oil, gas, air, marine energy, diesel oil, heavy oil, naptha, biomass, and biogas plants.
In addition to managing power plants, the company also plays a vital role in supplying electricity to participating industries, state electricity boards, and other stakeholders for industrial, commercial, domestic, public, and other purposes. The company provides regular services for repair and maintenance of all distribution and supply lines, renewable energy sources, waste treatment plants of all types, and their equipment.
It is also engaged in the manufacturing, procurement, and trading of all ancillary products, such as transformers, batteries, inverters, etc., which are required for, or may be used in connection with, the above industry. The company's commitment to sustainability and the environment is at the heart of everything it does, making it a leader in the renewable energy sector in India and beyond.
Past performance and financial results of Ind Renewable Energy.
| 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 table below is live update of Right Issue bidding details from NSE and BSE.
Ind Renewable Energy Right Issue Offer Document (Letter of Offer) >>Document
Ind Renewable Energy Right Issue Offer Document (Letter of Offer) >>Ind Renewable Energy Right Issue Red Herring Prospectus is not yet available.
Ind Renewable Energy Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Ind Renewable Energy Right Issue Online Application (Registrar & Transfer Agent) >>Ind Renewable Energy Right Issue RTA information is not yet available.
Last Updated on 2024-02-05T04:32:59+00:00
