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.Â
Promoters of Indowind Energy – Soura Capital Private Limited, Loyal Credit And Investments Limited, Indus Finance Limited, Bala Venckat Kutti
Table of Contents
Indowind Energy Rights Issue Date, Size & Price
| Indowind Energy Rights Issue Date | 27 January 2023 – 10 February 2023 |
| Indowind Energy Rights Issue Price | INR 12 per share |
| Issue Size (in Shares) | 3,58,96,594 shares |
| Issue Size (in INR) | INR 43.08 crore |
| Issue Entitlement | 2 Equity Shares for every 5 Equity Shares held on the Record Date |
| Terms of Payment | Coming soon |
| Indowind Energy Rights Issue Record Date | 13 January 2023 |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
Indowind Energy Financial Performance
| Â | FY 2020 | FY 2021 | FY 2022 |
| Revenue | 18.92 | 16.36 | 17.66 |
| Expenses | 10.24 | 8.84 | 13.03 |
| Net income | 0.05 | 0.22 | 0.13 |
| Margin (%) | 0.26 | 1.34 | 0.74 |
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 Date | 13 January 2023 |
| Credit of Rights Entitlement | Coming soon |
| Indowind Energy Rights Issue Opening Date | 27 January 2023 |
| Last Date for Market Renunciation | Coming soon |
| Indowind Energy Rights Issue Closing Date | 10 February 2023 |
| Finalization of Basis of Allotment | Coming soon |
| Indowind Energy Rights Allotment Date | Coming soon |
| Credit Date | Coming soon |
| Listing Date | Coming soon |
Indowind Energy Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| ROCE (%) | (0.09) | 0.79 | 0.71 |
| OPM (%) | 40.37 | 53.29 | 27.09 |
| ROE (%) | – | – | 0.07 |
Indowind Energy Rights Issue Registrar
Coming soon
Phone:Â
Email:Â
Website:Â
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:Â [email protected]
Website:Â 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.
