Indowind Energy Rights Issue 2025

Indowind Energy Rights Issue 2025 description – Established in 1995 and based in Chennai, Indowind Energy is a renewable power company with nearly three decades of expertise in wind energy generation, operations, and maintenance. The company began its journey with a 225 KW windmill in Tamil Nadu and has since grown into a significant independent wind power producer in India. Indowind focuses on high-potential wind corridors in Tamil Nadu and Karnataka, expanding its portfolio through both brownfield acquisitions and greenfield developments.

As of 31 March 2025, the company operates 129 windmills across the two states, delivering a total installed capacity of 53.995 MW—with 30.900 MW in Tamil Nadu and 23.095 MW in Karnataka. Its wind turbine generators range from 225 KW to 2 MW, standing 40 to 90 meters tall. Power generated is sold under group captive arrangements, third-party corporate sales, and Power Purchase Agreements with entities such as BESCOM.

Promoters of Indowind Energy – Bala Venckat Kutti, Indus Finance Limited, and Loyal Credit & Investments Limited

Indowind Energy Rights Issue 2025 Details

Indowind Energy Rights Issue Date	1 – 9 December 2025
Indowind Energy Rights Issue Price	INR 15.35 per share
Issue Size (in Shares)	3,22,00,434 shares
Issue Size (in INR)	INR 49.43 crore
Issue Entitlement	1 equity share for every 4 equity shares held on the record date
Terms of Payment	Fully payable at the time of application
Indowind Energy Rights Issue Record Date	19 November 2025
Face Value	INR 10 per share
Listing On	NSE, BSE

Indowind Energy Rights Issue 2025 Calculation

Indowind Energy Rights Issue Price	INR 15.35 per share
Market Price on Rights Issue Approval	INR 16.57 per share
Dilution Factor (X)	1.25
Fair Value After Dilution at Prevailing Price	INR 16.33 per share

Indowind Energy Financial Performance

	FY 2023	FY 2024	FY 2025
Revenue	33.96	38.81	33.51
Expenses	19.97	22.97	22.96
Operating Margin (%)	41.20	40.81	31.48
Net Income	(19.26)	7.27	1.27
ROCE (%)	2.73	3.93	1.99

Indowind Energy Rights Offer Objectives

The net proceeds from the offer are proposed to be used for

• To invest in the development of a 4 MW (AC) Solar power plant at Hanamsagar, Karnataka – INR 21.50 crore
• Repayment of Secured and Unsecured Loans availed from Corporate Promoters:
  • Loyal Credit and Investments Limited – INR 8.55 crore
  • Indus Finance Limited – INR 2.45 crore
• General corporate purposes – INR 12.25 crore

Indowind Energy Rights Offer Documents

• Indowind Energy Rights Issue Application Form
• Indowind Energy Letter of Offer
• Board Meeting Outcome
• Indowind Energy Draft Letter of Offer
• Rights Issue in 2024

Indowind Energy Rights Issue Dates

Rights Issue Approval Date	13 November 2025
Rights Issue Record Date	19 November 2025
Credit of Rights Entitlement	24 November 2025
Rights Issue Opening Date	1 December 2025
Last Date for Market Renunciation	4 December 2025
Rights Issue Closing Date	9 December 2025
Finalization of Basis of Allotment	16 December 2025
Rights Allotment Date	19 December 2025
Credit Date	19 December 2025
Listing Date	26 December 2025

Indowind Energy Rights Offer Lead Manager

MARK CORPORATE ADVISORS PRIVATE LIMITED
404/1, The Summit Business Bay, Sant Janabai Road (Service Lane),
Off W. E. Highway, Vile Parle (East), Mumbai-400 057, Maharashtra
Phone: +91 22 2612 3207/08
Email: [email protected]
Website: www.markcorporateadvisors.com

Indowind Energy Rights Offer Registrar

BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200 / 22
Email: [email protected]
Website: www.bigshareonline.com

Indowind Energy Issue Contact Details

INDOWIND ENERGY LIMITED
Kothari Buildings, 4th Floor,
Chennai, Tamil Nadu, 600 034
Phone: 044-28331310
E-mail: [email protected]
Website: www.indowind.co.in

Indowind Energy Rights Offer FAQs