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Right Issue Status: Closed [27th Jan 2023 to 24th Feb 2023]
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.
The Object of the Issue is:
Repayment of secured loan obtained by the Company from EXIM Bank of India under the negotiated terms.
| Indowind Energy Issue Details | Values |
|---|---|
| Category | RightIssue |
| Right Issue Issue Size (Shares) | 3.59 Cr 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 |
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.
| Right Issue Activity | Date |
|---|---|
| Right Issue Issue Open Date | 27th Jan 2023 |
| Right Issue Issue Close Date | 24th Feb 2023 |
| Basis of Allotment Finalisation Date* | 20th Feb 2023 |
| Refunds Initiation* | 6th Feb 2023 |
| Credit of Shares to Demat Account* | 24th Feb 2023 |
| Right Issue Listing Date* | 28th Feb 2023 |
* - Tentative Dates
Zerodha Trade@20
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:
Past performance and financial results of Indowind Energy.
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 291.51 | 20.67 | 0.22 |
| 31-Mar-22 | 287.8 | 27 | 0.13 |
| Amount in ₹ Crore | |||
The table below is live update of Right Issue bidding details from NSE and BSE.
Indowind Energy Right Issue Offer Document (Letter of Offer) >>Document
Indowind Energy Right Issue Offer Document (Letter of Offer) >>Indowind Energy Right Issue Red Herring Prospectus is not yet available.
Indowind Energy Right Issue Online Application (Registrar & Transfer Agent) >>Online Application
Indowind Energy Right Issue Online Application (Registrar & Transfer Agent) >>Indowind Energy Right Issue RTA information is not yet available.
Last Updated on 2023-02-27T02:30:46+00:00
