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Indowind Energy Rights Issue Details 2022, Record Date, Entitlement

Right Issue Status: Open [27th Jan 2023 to 10th Feb 2023]

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Indowind Energy Right Issue Detail

Indowind Energy Limited offers Rights Issue size of Rs 43.08 Cr. This Right Issue is opening from 27 Jan 2023 to 10 Feb 2023. The company issues 02 rights equity shares for every 05 equity shares held on the record date of, 13 Jan 2023. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs 12 per share. The Company is listing Rights Issue on NSE.

Stay updated with us to know more about the Indowind Energy Limited Right Issue Details 2022 including issue size, right issue entitlement, terms of payment, and more.

Indowind Energy Right Issue Objective

The issue is being made to raise the funds for the following purposes:

  • Setting up 9 MW Wind Farm Project in Chitradurga, Karnataka
  • Purchase of Hydraulic cranes
  • Acquisition of second hand Wind Energy Generators (WEG) from Banks
  • Foreclosure of lease with ICICI Bank Limited and Axis Bank Limited (formerly known as UTI Bank Limited)
  • Meet the additional working capital requirements
  • To meet the expenses of the issue

Indowind Energy Right Issue Details

Indowind Energy Issue Details Values
Category RightIssue
Right Issue Issue Size (Shares) 35,896,594 Eq Shares
Right Issue Issue Size (Amount) ₹43.08 Cr
Face Value ₹10 Per Equity Share
Right Issue - Issue Price ₹12 per share
Right Issue Record Date 13th Jan 2023
Right Issue Entitlement 2 Equity Shares for every 5 Equity shares held on the Record Date
Right Issue Terms of payment The entire amount is payable on the Application.
Listing At BSE, NSE
BSE Code 532894
NSE Code INDOWIND

Indowind Energy Right Issue Dates

In this section we have covered all important dates related to Indowind 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.

Indowind Energy Right Issue important dates
Right Issue Activity Date
Right Issue Issue Open Date 27th Jan 2023
Right Issue Issue Close Date 10th Feb 2023
Basis of Allotment Finalisation Date* 17th Feb 2023
Refunds Initiation* 20th Feb 2023
Credit of Shares to Demat Account* 24th Feb 2023
Right Issue Listing Date* 28th Feb 2023

* - Tentative Dates

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  • About Company - Indowind Energy

    Indowind Enery limited was incorporated in july 1995. They started developing wind farms in a small way by installing 1 no. of 225 KW Wind Electric Generator, in September 1995. The Company is currently in the process of implementing additional 9MW capacity in Karnataka

    They offer 'Green Power' to its customers, which include State Electricity Boards and Corporates. Other than the above they are also into the business of providing O&M services for windmills.

    IEL has been selling the power generated to TNEB and various private corporate clients in Karnataka such as Hindustan Coca Cola Beverages Private Limited, Karnataka Distilleries Limited, United Breweries Limited , H&R Johnson India Limited, Delphi Automotive Systems Private Limited and Spicer India Limited. Under third party sale, the electricity revenues generated from the corporate clients are more than the revenue generated from the sale to SEBs. the revenue generated from the sale to SEBs.

    The current scope of operations of its Company includes:

    • Wind Power Generation
    • Turnkey operations for windmill projects
    • Operations & Maintenance of WEG's

    Indowind Energy Right Issue Strengths

    • They are an existing profit making company with a good track record for over a decade.
    • The Company has qualified and experienced manpower in its field of operations
    • They derive benefit from the fact that its existing projects are located in Tamil Nadu and Karnataka, which are in the high wind zone.

    Indowind Energy Financials for past 3 Years

    Past performance and financial results of Indowind Energy.

    Indowind Energy Limited Financial
    Period EndedTotal AssetsTotal RevenueProfit After Tax
    31-Mar-21291.5120.670.22
    31-Mar-22287.8270.13
    Amount in ₹ Crore

    Company Address

    Indowind Energy Limited
    Kothari Buildings 4th Floor, 114, M.G. Road, Nungambakkam
    Chennai,TamilNadu-600034
    India
    Website: https://www.indowind.com/index.htm
    Phone: +91 44 28331956/57/58
    Email: [email protected]

    Registrar


    Email:

    Lead Manager

    Indowind Energy Right Issue Offer Document (Letter of Offer) >>Document

    Indowind Energy Right Issue Online Application (Registrar & Transfer Agent) >>Online Application

    Indowind Energy Right Issue Important dates - Issue Open Date, close Date, Right Issue Listing Date. Right Issue Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, Right Issue Listing date. What is the issue open date and close date for Indowind Energy? Should I apply in Indowind Energy Right Issue?

    Last Updated on 2023-01-27T08:50:31+00:00


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