Indowind Energy is an Independent Power Producer and operates in the renewable energy field generating. It has dedicated Wind farms where it also offers allied services in the Wind Energy sector. The business provides services to numerous Power Industry stakeholders. Green Power Sale, Project Management Services, Asset Management Services, and Value Addition Services are just a few of the services offered. Due to DISCOMs failing to extend the Wheeling and Banking Agreement in accordance with the KREDL decision, the company experienced a decline in income in Karnataka from FY 2020 to FY 2021. As a result, the generation was put on hold and did not materialise.
Oracle, Tata Teleservices, Coca-Cola, HDFC Bank, Hindustan Unilever, Titan, Wheels India Ltd., KPTCL (Government of Karnataka), and others are among the company’s clients. In order to settle and conclude current loans, complete the planned acquisition, and complete the remaining 12 MW Wind Mill project, Indowind Energy aims to raise a loan of INR 100 crores. Additionally, it plans to close the IREDA loan and acquire 3 MW of wind mill assets for INR 45 crores.
Indowind Energy Rights Issue Detail
| Issue Open | Jan 27, 2023 – Feb 10, 2023 |
| Security Name | Indowind 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 At | BSE, NSE |
| Terms of Payment | The entire amount is payable on the Application. |
| Entitlement | 2 Equity Shares for every 5 Equity shares held on the Record Date |
Indowind Energy Rights Issue Timetable
| Record Date | Jan 13, 2023 |
| Credit of Rights Entitlements | Jan 20, 2023 |
| Bid/Offer Opens On | Jan 27, 2023 |
| Renunciation of Rights Entitlements | Feb 6, 2023 |
| Bid/Offer Closes On | Feb 10, 2023 |
| Deemed Date of Allotment | Feb 20, 2023 |
| Credit Date | Feb 24, 2023 |
| Listing Date | Feb 28, 2023 |
Company Financials
| 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 |
Objects of the Issue:
Repayment of secured loan obtained by the Company from EXIM Bank of India under the negotiated terms.
Indowind Energy Rights Issue 2022 Documents
Company Contact Information
Indowind Energy Limited
Kothari Buildings 4th Floor,
114, M.G. Road, Nungambakkam,
Chennai-600034
Phone: +91 44 28331956/57/58
Email: contact@indowind.com
Website: https://www.indowind.com/index.htm
Indowind Energy Rights Issue 2022 Registrar
- Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: rightsissue@bigshareonline.com
Website: http://www.bigshareonline.com
