Indowind Energy Rights Issue Date, Price, Allotment, Entitlement

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Indowind Energy Rights Issue

Indowind Energy Rights Issue is scheduled on 27 January 2023 – 10 February 2023


Indowind Energy is an Independent Power Producer and operates in the renewable energy field generating. Its has dedicated Wind farms where it also offer allied services in the Wind Energy sector. The company offers services to various stakeholders in the Power Industry. The services include: Green Power Sale, Project Management Services, Asset Management Services and Value Addition Services.

The company has been a decrease in revenue in Karnataka from FY 2020 – FY 2021 due to DISCOMs not renewing the Wheeling and Banking Agreement as per the KREDL order hence the generation has been kept in abeyance and has not been realized.

The client base of the company include: Oracle, Tata Teleservices, Coca cola, HDFC Bank, Hindustan Unilever, Titan, Wheels India Ltd, KPTCL (Government of Karnataka)etc.

Indowind Energy plans to settle existing debts of EXIM bank, close IREDA loan and acquire 3 MW Wind Mill assets for INR 45 crores by raising loan of INR 100 crores and utilize the same to settle and close existing loans, planned acquisition and implement balance 12 MW Wind Mill project. 

Indowind Energy 2023

Promoters of Indowind Energy – Soura Capital Private Limited, Loyal Credit And Investments Limited, Indus Finance Limited, Bala Venckat Kutti


Indowind Energy Rights Issue Date, Size & Price

Indowind Energy Rights Issue Date27 January 2023 – 10 February 2023
Indowind Energy Rights Issue PriceINR 12 per share
Issue Size (in Shares)3,58,96,594 shares
Issue Size (in INR)INR 43.08 crore
Issue Entitlement2 Equity Shares for every 5 Equity Shares held on the Record Date
Terms of PaymentComing soon
Indowind Energy Rights Issue Record Date13 January 2023
Face ValueINR 10 per share
Listing OnNSE, BSE

Indowind Energy Financial Performance

 FY 2020FY 2021FY 2022
Revenue18.9216.3617.66
Expenses10.248.8413.03
Net income0.050.220.13
Margin (%)0.261.340.74
Figures in INR crore unless specified otherwise

Indowind Energy Rights Offer Objectives

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

  • Coming soon
  • Coming soon
  • Coming soon
  • General corporate purposes

Indowind Energy Rights Offer Documents

  • Indowind Energy Application Form
  • Indowind Energy Abridged LOF
  • Indowind Energy Letter of Offer
  • Board Meeting Outcome

Indowind Energy Rights Issue Timetable

Indowind Energy Rights Issue Record Date13 January 2023
Credit of Rights EntitlementComing soon
Indowind Energy Rights Issue Opening Date27 January 2023
Last Date for Market RenunciationComing soon
Indowind Energy Rights Issue Closing Date10 February 2023
Finalization of Basis of AllotmentComing soon
Indowind Energy Rights Allotment DateComing soon
Credit Date Coming soon
Listing DateComing soon

Indowind Energy Valuations & Margins

FY 2020FY 2021FY 2022
ROCE (%)(0.09)0.790.71
OPM (%)40.3753.2927.09
ROE (%)––0.07

Indowind Energy Rights Issue Registrar

Coming soon
Phone: 
Email: 

Website: 


Indowind Energy Contact Details

INDOWIND ENERGY LIMITED
Kothari Buildings 4th Floor,
114, M.G. Road, Nungambakkam,
Chennai-600034
Phone: +91 44 28331956/57/58
Email: 
[email protected]
Website: 
www.indowind.com


Indowind Energy Rights Offer FAQs

What is price of Indowind Energy Rights Issue?

The issue price is INR 12 per share.

What is entitlement ratio of Indowind Energy Rights Issue?

The eligible shareholders are offered 2 Equity Share for every 5 existing share held by the eligible shareholder as on the Record date.

What is the Record Date of Indowind Energy Rights Issue?

The Record date is 13 January 2023.

How to Apply in Indowind Energy Rights Offer?

The best way to apply in Indowind Energy Rights Offer is through Internet banking ASBA. You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an application Form form and deposit the same to your broker.

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