Indowind Energy Rights Issue 2023 Details

Rate this post

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 
Heritage Foods Rights Issue 2023 Details

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,

Phone: +91 44 28331956/57/58

Indowind Energy Rights Issue 2022 Registrar

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

Indowind Energy Rights Issue 2022 Lead Manager(s)


Please enter your comment!
Please enter your name here