Indowind Energy is a renewable energy generator that works as an independent power producer. It operates specialized wind farms and provides allied services in the wind energy sector. The organization provides services to a wide range of stakeholders in the power industry.
Green Power Sales, Project Management Services, Asset Management Services, and Value Addition Services are just a few of the services offered.
Due to DISCOM neglecting to extend the Wheeling and Banking Agreement as per the KREDL ruling, the company’s revenue in Karnataka decreased from FY 2020 to FY 2021, causing the generation to be held in abeyance and not realized. Oracle, Tata Teleservices, Coca-Cola, HDFC Bank, Hindustan Unilever, Titan, Wheels India Ltd, KPTCL (Government of Karnataka).
Indowind Energy plans to get rid of existing EXIM bank debts, complete the IREDA loan, and acquire 3 MW Wind Mill assets for INR 45 crores by raising a loan of INR 100 crores and using it to settle and close existing loans, planned acquisition, and the execution of the remainder 12 MW Wind Mill project.
Objects of the Issue:
The Object of the Issue is:
- Repayment of secured loan obtained by the Company from EXIM Bank of India under the negotiated terms.
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
| 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 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 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: https://www.indowind.com
Indowind Energy Rights Issue 2022 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://www.bigshareonline.com
Indowind Energy Rights Offer FAQs
Q1. What is the price of the Indowind Energy Rights Issue?
Ans. The issue price is INR 12 per share.
Q2. What is the entitlement ratio of the Indowind Energy Rights Issue?
Ans. The eligible shareholders are offered 2 Equity Shares for every 5 existing shares held by the eligible shareholder as of the Record date.
Q3. What is the Record Date of the Indowind Energy Rights Issue?
Ans. The Record date is 13 January 2023.
Q4. How to Apply for Indowind Energy Rights Offer?
Ans. The best way to apply for 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.
