05-Jan-2024
2 mins read
The IND Renewable Energy Limited’s Right Issue Committee, in its recent meeting on Tuesday, January 2, 2024, has established Monday, January 8, 2024, as the key date to identify eligible shareholders for applying in the upcoming Rights Issue. This issue will commence on January 18, 2024, and is set to close on January 29, 2024. The pricing for each Rights Equity Share has been set at Rs. 21, with the total issue amounting to Rs. 2542.98 Lakhs. The offering includes a unique ratio where shareholders as of the record date can acquire four new Equity Shares for every one share they presently hold. Furthermore, the terms require shareholders to pay the full amount of Rs. 21 per share at the time of application.
Ind Renewable Energy Ltd Product Portfolio
Ind Renewable Energy Limited is actively involved in producing and distributing solar energy across India. Additionally, the company’s portfolio includes investments in a variety of financial instruments such as shares, stocks, bonds, debentures, and securities from various publicly traded companies. Previously known as Vakharia Power Infrastructure Limited, the company underwent a rebranding to its current name, Ind Renewable Energy Limited.
Financial Performance of Ind Renewable Energy Ltd (In Rs Crore)
| Period Ended | 31-Mar-23 | 31-Mar-22 | 31-Mar-21 |
| Assets | 3.39 | 3.34 | 3.3 |
| Revenue | 0.06 | 0 | |
| Profit After Tax | 0 | -0.09 | -0.09 |
| Net Worth | |||
| Reserves and Surplus | |||
| Total Borrowing |
Important Details of Ind Renewable Energy Ltd Rights Issue
| Issue Open | January 18, 2024 – January 29, 2024 |
| Security Name | Ind Renewable Energy Ltd |
| Issue Size (Shares) | Yet to be announced |
| Issue Size (Amount) | Rs 25.43 Crores |
| Issue Price | Rs 21 per share |
| Face Value | Rs 10 per share |
| Listing At | BSE |
| Terms of Payment | Full amount of Rs 2 per Equity Share is payable on application. |
| Entitlement | 4 Rights Equity Share(s) for every 1 fully paid-up Equity Shares held on Record Date |
Tentative Timetable of Ind Renewable Energy Ltd Rights Issue
| Last Date to buy shares | 5-Jan-24 |
| Record Date | 8-Jan-24 |
| Credit of Rights Entitlements | Yet to be announced |
| Bid/Offer Opens On | 18-Jan-24 |
| Renunciation of Rights Entitlements | 23-Jan-24 |
| Bid/Offer Closes On | 29-Jan-24 |
| Deemed Date of Allotment | Yet to be announced |
| Credit Date | Yet to be announced |
| Listing Date | Yet to be announced |
Lead Managers of Ind Renewable Energy Ltd Rights Issue
The Lead Managers of Ind Renewable Energy Ltd Rights Issue are yet to be announced.
How to Apply for Ind Renewable Energy Ltd Rights Issue
Wait for the public issue to open for subscription, then click on this link to apply for the Ind Renewable Energy Ltd Rights Issue with Bigul https://www.bonanzaonline.com/
How to Check Allotment Status of Ind Renewable Energy Ltd Rights Issue
The registrar for Ind Renewable Energy Ltd Rights Issue is yet to be announced. You can check the company website for allotment once it is announced.
FAQs
What is the opening and closing date for the Ind Renewable Energy Ltd Rights Issue?
- The Rights Issue for Ind Renewable Energy Ltd will open on January 18, 2024, and close on January 29, 2024.
What is the issue price for the Rights Equity Shares?
- The issue price has been set at Rs. 21 per Rights Equity Share.
What is the entitlement ratio for the Rights Issue?
- Shareholders are entitled to 4 Rights Equity Shares for every one fully paid-up Equity Share held as on the record date, which is January 8, 2024.
How can investors apply for the Ind Renewable Energy Ltd Rights Issue?
- Investors can apply for the Rights Issue once it opens by visiting the link provided on the Bigul website: Apply for Rights Issue. Make sure to apply during the subscription period from January 18 to January 29, 2024.
How can I check the allotment status of the Rights Issue?
- The allotment status of the Rights Issue can be checked on the company’s website once the registrar for the issue is announced and the allotment is completed. Keep an eye on the company’s updates for the announcement.