Indowind Energy Rights Issue 

Indowind Energy Rights Issue 

Indowind Energy Rights Issue will open for subscription from 27 January 2023. the company aims for an issue size of ₹43.08 Crores through this rights Issue.

About the company

Indowind Energy Limited is an Independent Power Producer and operates in the renewable energy field generating. They have dedicated Wind farms where they also offer allied services in the Wind Energy sector.

Indowind aspires to become a global player in the wind energy sector with its dedication and continuous growth in the sector. The company has impeccable capabilities in setting up, Operating, and Maintaining Wind farms backed by optimum machine availability. The customer base of the company largely consists of Corporates and EB and they serve them with their experience of over a decade of the domain and technology knowledge to provide end-to-end solutions & services.

Objectives of the Issue

  • Repayment of secured loan obtained by the Company from EXIM Bank of India under the negotiated terms.

Rights Issue Timetable

Record Date13 January 2023
Credit of Rights Entitlements20 January 2023
Bid/Offer Opens On27 January 2023
Renunciation of Rights Entitlements06 February 2023
Bid/Offer Closes On10 February 2023
Deemed Date of Allotment20 February 2023
Credit Date24 February 2023
Listing Date28 February 2023

Indowind Energy Rights Issue Details

Issue OpenJan 27, 2023 – Feb 10, 2023
Security NameIndowind Energy Limited
Issue Size (Shares)35,896,594
Issue Size (Amount)₹43.08 Crores
Issue Price₹12 per share
Face Value₹10 per share
Listing AtBSE, NSE
Terms of PaymentThe entire amount is payable on the Application.
Entitlement2 Equity Shares for every 5 Equity shares held on the Record Date

Company Financials

Period EndedTotal AssetsTotal RevenueProfit After Tax
(Amount in ₹ Crore)

Lead Manager(s)

Rights Issue Registrar

Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200

Company Contact Information

Indowind Energy Limited
Kothari Buildings 4th Floor,
114, M.G. Road, Nungambakkam,

Phone: +91 44 28331956/57/58

Final Thoughts

Applying for the rights issue is purely a personal choice. make sure you make a detailed study about the company and rights issue before you make an investment decision.

Happy investing

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