Bookbuilding IPO | ₹74 Cr | Listed at BSE, NSE | Tue, Aug 21, 2007 - Fri, Aug 24, 2007
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 per share. The lot size for an application is 100. The minimum amount of investment required by an retail is ₹6,500 (100 shares) (based on upper price). 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 Open
Tue, Aug 21, 2007
IPO Close
Fri, Aug 24, 2007
Issue Price
₹65 per share
Market Cap (Pre-IPO)
₹318.22 Cr
| IPO Date | 21 to 24 Aug, 2007 |
| Listed on | Fri, Sep 14, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹65 |
| Issue Price | ₹65 per share |
| Lot Size | 100 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,14,06,200 shares (agg. up to ₹74 Cr) |
| Fresh Issue | 1,14,06,200 shares (agg. up to ₹74 Cr) |
| Share Holding Pre Issue | 3,64,56,886 shares |
| Share Holding Post Issue | 4,89,56,886 shares |
| BSE Script Code / NSE Symbol | 532894 / INDOWIND |
| ISIN | INE227G01018 |
Indowind Energy IPO comprises a total issue size of 1,25,00,000 shares. The net offer to the public is 1,22,40,000 shares, after excluding 2,60,000 shares under a preferential allotment. Of the Net offer 61,20,000 (50.00%) are allocated to QIB, 18,36,000 (15.00%) allocated to NII 42,84,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 61,20,000 | 50.00% | 48.96% | NA |
| NII (HNI) Shares Offered | 18,36,000 | 15.00% | 14.69% | NA |
| Retail Shares Offered | 42,84,000 | 35.00% | 34.27% | 42,840 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,60,000 | 2.08% | NA | |
| Total Shares Offered | 1,25,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 100 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Setting up 9 MW Wind Farm Project in Chitradurga, Karnataka | 49.50 |
| 2 | Purchase of Hydraulic cranes | 6.50 |
| 3 | Acquisition of second hand Wind Energy Generators (WEG) from Banks | 20.00 |
| 4 | Foreclosure of lease with ICICI Bank Limited and Axis Bank Limited (formerly known as UTI Bank Limited) | 18.26 |
| 5 | Meet the additional working capital requirements | 2.62 |
| 6 | To meet the expenses of the issue | 0.65 |
| KPI | |
|---|---|
| RoNW | 11.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 60.71% | 45.19% |
| Market Cap | ₹318.22 Cr. |
The Indowind IPO is subscribed 0.97 times on August 24, 2007 5:00:00 PM (Day 4). The public issue subscribed 1.12 times in the retail category, 0.9 times in the QIB category, and 0.85 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manager’s fees | |
| 2 | Registrar’s fees | |
| 3 | Underwriting commission | |
| 4 | Legal Advisor’s fees | |
| 5 | Advertisement and Marketing expenses | |
| 6 | Brokerage and Selling expenses | |
| 7 | Stock Exchange fees for providing bidding terminals | |
| 8 | SEBI and Stock Exchanges fees on filing of Offer Document | |
| 9 | Other miscellaneous expenses |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹65.00 | ₹65.00 |
| Open | ₹80.25 | ₹75.00 |
| Low | ₹55.10 | ₹58.95 |
| High | ₹124.50 | ₹124.00 |
| Last Trade | ₹114.05 | ₹113.65 |
Lead Manager Reports
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 Crores. The issue is priced at ₹65 per share. The minimum order quantity is 100.
The IPO opens on Tue, Aug 21, 2007, and closes on Fri, Aug 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 Tue, Aug 21, 2007 and closes on Fri, Aug 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 Fri, Sep 14, 2007.
