Business Standard

Indowind Energy Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

81.25 cr

Price Range (₹)

65

Lot Size

100

Min Investment (₹)

6,500.00

Listing Exchange

MumbaiNSE

Open Date

21-Aug-2007

Close Date

24-Aug-2007

Listing Date

14-Sept-2007

Indowind Energy Ltd News

    The Shares of Indowind Energy Ltd have now been listed.

    Indowind Energy Ltd IPO Details

    Public issue of 1,25,00,000 equity shares of Rs. 10/- each for cash at a price of Rs.65/- per equity share (including equity share premium of Rs.55/- per equity share aggregating to Rs.81.25 Crores (the issue) by Indowind Energy Limited (our company or issuer). Out of which 2,60,000 equity shares of Rs.10/- each have been reserved for subscription by eligible employees of our company aggregating Rs.1.69 (employee reservation portion),and net issue of 1,22,40,000 equity shares of Rs. 10/- each aggregating to Rs.[*] (net issue). The net issue would constitute 25% of the fully diluted post issue paid up capital of our company. Issue Price is Rs.65/- per equity share of face value of Rs. 10/- each.The issue price is 6.5 times of the face value

    Objective of issue

    Setting up 9MW Wind Farm Project is. Purchase of Hydraulic Cranes. Acquis.of second hand Wind Energy Genertors fr Bnk. Foreclosure of lease with ICICI bank & UTI Bank. Meet the Addl Working Capial Requirements.

    Indowind Energy Ltd Contact Details

    Indowind Energy Ltd, E-2/3 Saki Vihar Rd, Ansa Indl Estate, Saki Naka Andheri-E, Mumbai - 400 072

    Phone - 91-22-40430200

    Fax - 91-22-28475207

    Email - complianceofficer@indowind.com

    Website - www.indowind.com