13-Jul-2024
2 mins read
- Indowind Energy Rights Issue Bid/offer opens on July 26, 2024
- Indowind Energy Rights Issue Bid/offer closes on July 26, 2024
- The company issued a total of 21,466,956 Equity shares
- The company set the rights issue price at 22.5 per share
Indowind Energy Limited came up with the rights issue. The company issued a total of 21,466,956 Equity shares with a decided issue price of Rs 22.5 per share, a total amounting to Rs 48.30 Crores. Meanwhile, the face value is reported as Re 10 per share. Investors who currently do not hold shares of Indowind Energy Limited have the opportunity to purchase shares until July 15, 2024, to qualify for this rights issue. It is important to note that the record date for eligibility is July 16, 2024. However, Bigshare Services Private Limited is appointed as the registrar for this rights issue. If we look at the entitlement ratio, it is mentioned that 1 Rights Equity Share(s) is used for every 5 fully paid-up Equity Shares held on Record Date.
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About Indowind Energy Limited
Indowind Energy Limited was incorporated in 1995. It consists of an independent power producer in the wind power generation and management industry. With a total number of 123 units across the states of Tamil Nadu and Karnataka, the combined capacity is 49.645 MW. Indowind operates with the vision 'to be a leading organization in the global wind energy business by achieving leadership through competence in set-up, operation, and maintenance of wind farms.'. The flagship company caters mostly to corporate clients and electricity boards with end-to-end solutions backed by a welded industry experience and knowledge of more than a decade in harnessing technology effectively.
Financial Performance of Indowind Energy Limited (Amt in Rs Crore)
The company's revenue was reported to be Rs 38.13 Crore for the year ended March 2023, which shows an increase of 24.36% as compared to March 2022. The profit after tax shows dropped by -15205.41% for the year ended 2023 compared to March 2022.
Important Dates for Indowind Energy Rights Issue
Timetable of Indowind Energy Rights Isue
Lead manager(s), Registrar of Rights Issue & Letter of Offer
The firm has Srujan Alpha Capital Advisors Llp as the lead manager for the rights issue. However, Bigshare Services Private Limited is appointed as a registrar for this rights issue. You can check your allotment status here. Indowind Energy released a Letter of Offer. To read it in detail, click here.
FAQs
1. What are the important dates for Indowind Energy's rights issue?
The important dates include the opening & closing dates of the rights issue: July 26, 2024, and August 5, 2024, respectively.
2. What is the last date for buying shares to get eligible for this rights issue?
To get eligible for the rights issue of Indowind Energy Limited, an investor can buy its shares till July 15, 2024.
3. What is the record date for the Indowind Energy Rights Issue?
The record date, which is the date to determine the shareholder's eligibility for the Rights Issue is July 16, 2024.
4. How can I apply for the Indowind Energy Limited Rights Issue?
You can apply for Indowind Energy Rights Issues 2024 in two ways one is Net Banking (ASBA) and the other is by visiting Registrar's Website (R-WAP Facility).
5. How can I check the allotment status of the Indowind Energy Issue?
The registrar for this rights issue is Bigshare Services Private Limited. You can check your allotment status here.
6. From where can I get the Letter of Offer for this Rights Issue?
You can download the Letter of Offer by visiting here.
7. Where will the Indowind Energy Rights Issue be listed?
The Rights Issue will be listed on the NSE and BSE.
8. What is the entitlement ratio for the Indowind Energy Limited Rights Issue?
The entitlement ratio is set at 1 Rights Equity Shares for every 5 fully paid-up equity shares held on the record date.
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