✓
Open
21 Aug 2007
✓
Close
24 Aug 2007
3
Allotment
—
✓
Listing
Fri, Sep 14, 2007
Price Band
₹55 to ₹65
Issue Size
1,14,06,200 shares (agg. up to ₹74 Cr)
Lot Size
100 Shares
Listing Date
Fri, Sep 14, 2007
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 0.91x |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Suryachakra Power Corp.Ltd. | Mainboard | ₹68.00 Cr | ₹20 | null | ₹22.35 | +11.75% | (+0.00%) |
Objects of the Issue
| # | 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 |
About Indowind Energy IPO
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.+ Read More
Contact Details
Indowind Energy Ltd. Address4th floor, Kothari Building114 Nungambakkam High RoadChennai, Tamil Nadu, 600034044 2833 0867ipo@indowind.comVisit Website