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Rights Issue Status: Closed [26th Jul 2024 to 5th Aug 2024]
Indowind Energy Limited offers Right Issue size of Rs 48.30 Cr. The subscription for this Rights Issue is opening from 26 July 2024 to 05 Aug 2024. The company issues entitlement of 1 Rights equity shares for every fully paid-up 5 equity shares held on the record date of 16 July 2024. The face value of a share is Rs. 10 per share and the right issue price is fixed at Rs. 22.5 per share.
Stay connected with us to more about Indowind Energy Limited Right Issue Details 2024 including issue size, right issue entitlement, terms of payment, and more.
The Company proposes to utilize the Net Proceeds towards the funding of the following objects:
| Indowind Energy Issue Details | Values |
|---|---|
| Category | Rights Issue |
| Rights Issue Issue Size (Shares) | 2.15 Cr Shares |
| Rights Issue Issue Size (Amount) | ₹48.30 Cr |
| Face Value | ₹10 Per Equity Share |
| Rights Issue - Issue Price | ₹22.5 per share |
| Rights Issue Record Date | 16th Jul 2024 |
| Rights Issue Entitlement | 1 Rights Equity Share(s) for every 5 fully paid-up Equity Shares held on Record Date |
| Rights Issue Terms of payment | All money payable at the time of Application |
| Listing At | BSE, NSE |
| BSE Code | 532894 |
| NSE Code | INDOWIND |
In this section we have covered all important dates related to Indowind Energy Rights Issue. Dates are updated as they are announced. The most noted dates are Rights Issue start date and Rights Issue end date, which one should use to participate in Rights Issue.
| Rights Issue Activity | Date |
|---|---|
| Rights Issue Issue Open Date | 26th Jul 2024 |
| Rights Issue Issue Close Date | 5th Aug 2024 |
| Basis of Allotment Finalisation Date* | 9th Aug 2024 |
| Refunds Initiation* | 31st Jul 2024 |
| Credit of Shares to Demat Account* | 16th Aug 2024 |
| Rights Issue Listing Date* | 20th Aug 2024 |
* - Tentative Dates
Zerodha Trade@20
Established in 1995, Indowind Energy Limited is a wind energy-based renewable energy generation and distribution company focused on the ownership, operation and maintenance of wind turbines. The company has been in the renewable energy industry for over twenty-five years and focuses on wind energy. Its wind turbines are located in Tamil Nadu and Karnataka, which are among the Indian states with the highest wind potential.
The electricity generated by the wind turbines is sold under Power Purchase Agreements (PPAs) to companies and State Electricity Boards ("SEBs") that are part of the company's own programme. In addition, the company also provides operating and management services for wind turbines for third parties as part of turnkey projects.
Past performance and financial results of Indowind Energy .
Indowind Energy Limited's revenue increased by 16.07% and profit after tax (PAT) rose by 137.74% between the financial year ending with March 31, 2024 and March 31, 2023.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 312.37 | 313.28 | 288.08 | 291.51 |
| Revenue | 44.25 | 38.13 | 30.66 | 24.78 |
| Profit After Tax | 7.27 | -19.26 | 0.13 | 0.22 |
| Net Worth | 237.16 | 230.11 | 228.53 | 226.79 |
| Total Borrowing | 55.19 | 60.05 | 56.06 | 60.71 |
| Amount in ₹ Crore | ||||
The table below is live update of Rights Issue bidding details from NSE and BSE.
Indowind Energy Rights Issue Offer Document (Letter of Offer) >>Document
Indowind Energy Rights Issue Offer Document (Letter of Offer) >>Indowind Energy Rights Issue Red Herring Prospectus is not yet available.
Indowind Energy Rights Issue Online Application (Registrar & Transfer Agent) >>Online Application
Indowind Energy Rights Issue Online Application (Registrar & Transfer Agent) >>Indowind Energy Rights Issue RTA information is not yet available.
Last Updated on 2024-08-12T03:32:44+00:00
