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Indowind Energy IPO is a book build issue of ₹74.14 crores. The issue is entirely a fresh issue of 1.14 crore shares of ₹74.14 crore.
Indowind Energy IPO bidding started from Aug 21, 2007 and ended on Aug 24, 2007. The shares got listed on BSE, NSE on Sep 14, 2007.
Indowind Energy IPO price band is set at ₹65.00 per share . The lot size for an application is 100. The minimum amount of investment required by an retail is ₹5,500 (100 shares). The lot size investment for sNII is 31 lots (3,100 shares), amounting to ₹2,01,500, and for bNII, it is 154 lots (15,400 shares), amounting to ₹10,01,000.
The issue includes a reservation of up to 2,60,000 shares for employees offered at a discount of ₹0.00 to the issue price.
UTI Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue.
Refer to Indowind Energy IPO RHP for detailed Information.
| IPO Date | August 21, 2007 to August 24, 2007 |
| Listing Date | September 14, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹55 to ₹65 per share |
| Issue Price Final | ₹65 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,14,06,200 shares (aggregating up to ₹74.14 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 3,64,56,886 shares |
| Share Holding Post Issue | 4,89,56,886 shares |
Indowind IPO offers total 1,25,00,000 shares. Out of which 61,20,000 (48.96%) allocated to QIB, 18,36,000 (14.69%) allocated to NII, 42,84,000 (34.27%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 61,20,000 (48.96%) | NA |
| NII (HNI) Shares Offered | 18,36,000 (14.69%) | NA |
| Retail Shares Offered | 42,84,000 (34.27%) | 42,840 |
| Employee Shares Offered | 2,60,000 (2.08%) | NA |
| Total Shares Offered | 1,25,00,000 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Indowind Energy IPO opens on August 21, 2007, and closes on August 24, 2007.
| IPO Open Date | Tue, Aug 21, 2007 |
| IPO Close Date | Fri, Aug 24, 2007 |
| Tentative Listing Date | Fri, Sep 14, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Aug 24, 2007 |
Investors can bid for a minimum of 100 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 100 | ₹6,500 |
| Retail (Max) | 30 | 3,000 | ₹1,95,000 |
| S-HNI (Min) | 31 | 3,100 | ₹2,01,500 |
| S-HNI (Max) | 153 | 15,300 | ₹9,94,500 |
| B-HNI (Min) | 154 | 15,400 | ₹10,01,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1995, Indowind Energy Limited is in the business of power generation from wind based in India. Indowind offers solutions in wind energy to its customers in areas, which include turnkey projects in wind farming, green power sale to corporate, operations and maintenance services, and trading in wind mill and related assets.
Indowind has successfully installed & commissioned 34.74 MW wind turbines capacity across Tamilnadu (29.74 MW) and Karnataka (5MW).
Indowind has become the first Wind Energy company from India to get the Carbon Credits (Certified Emission Reductions) issued by UNFCCC for its recently commissioned 12.3 MW projects in Tamilnadu under the Clean Development Mechanism for the 'Green Power' generated from the windmill operations.
| KPI | Values |
|---|---|
| RoNW | 11.04% |
The Company Indowind IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Setting up 9 MW Wind Farm Project in Chitradurga, Karnataka | 495.00 |
| 2 | Purchase of Hydraulic cranes | 65.00 |
| 3 | Acquisition of second hand Wind Energy Generators (WEG) from Banks | 200.00 |
| 4 | Foreclosure of lease with ICICI Bank Limited and Axis Bank Limited (formerly known as UTI Bank Limited) | 182.60 |
| 5 | Meet the additional working capital requirements | 26.23 |
| 6 | To meet the expenses of the issue | 6.50 |
| Listing Date | September 14, 2007 |
| BSE Script Code | 532894 |
| NSE Symbol | INDOWIND |
| ISIN | INE227G01018 |
| Final Issue Price | ₹65 per share |
| BSE Listing Group | B1 |
Indowind Energy Ltd.
4th floor, Kothari Building,
114 Nungambakkam High Road,
Chennai- 600 0034 India
Chennai, Tamil Nadu
Phone: 044 2833 0867
Email: ipo@indowind.com
Website: http://www.indowind.com
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Indowind Energy IPO is a main-board IPO of 1,14,06,200 equity shares of the face value of ₹10 aggregating up to ₹74.14 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 100.
The IPO opens on August 21, 2007, and closes on August 24, 2007.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indowind Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Indowind Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indowind Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indowind Energy IPO opens on August 21, 2007 and closes on August 24, 2007.
Indowind Energy IPO lot size is 100, and the minimum amount required for application is ₹6,500.
You can apply in Indowind Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Indowind Energy IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indowind Energy IPO allotment status.
The Indowind Energy IPO listing date is on Friday, September 14, 2007.
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