Indowind Energy Completes Oversubscribed Rights Issue of Rs. 49 Crores
Filing Summary
Indowind Energy Limited has successfully closed its rights issue of 3,22,00,434 equity shares, raising Rs. 49.43 crores. The issue, which was open from December 01 to December 09, 2025, was oversubscribed by 1.04 times. Shares were offered at Rs. 15.35 each, including a premium of Rs. 5.35. The funds will be used for a solar power project in Karnataka, loan repayment, and general corporate purposes. The allotment and trading of new shares on NSE and BSE are expected by December 17 and December 26, 2025, respectively.
Indowind Energy Limited has announced the successful closure of its rights issue, which involved the issuance of 3,22,00,434 equity shares. The issue, which commenced on December 01, 2025, and concluded on December 09, 2025, was oversubscribed by 1.04 times. The shares were offered at a price of Rs. 15.35 each, including a premium of Rs. 5.35, aggregating to a total of Rs. 49.43 crores.
The rights issue was conducted on a basis of 1 equity share for every 4 fully paid-up equity shares held by eligible shareholders as of the record date, November 19, 2025. The funds raised are earmarked for several purposes, including the development of a 4 MW solar power project in Karnataka, repayment of secured and unsecured loans from corporate promoters such as Loyal Credit & Investments Limited and Indus Finance Limited, and for general corporate purposes.
The allotment, listing, and trading of the new shares on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are anticipated to be completed by December 17, 2025, and December 26, 2025, respectively. The intermediaries involved in the rights issue include Mark Corporate Advisors Private Limited as the lead manager, Bigshare Services Private Limited as the registrar, Rajani Associates as the legal advisor, and Axis Bank Limited as the banker to the issue.
Indowind Energy Limited is engaged in wind energy-based renewable power generation and distribution. The company focuses on the ownership, operation, and maintenance of windmills, aiming to expand its renewable energy portfolio through strategic projects and financial structuring.