Indowind Energy Limited IPO opens on August 21, 2007

The Initial Public Offering (IPO) of Indowind Energy Limited is set to open for subscription by investors on August 21, 2007. The Company is coming out with an IPO of 1,25,00,000 Equity Shares of Rs.10 each for cash at a price band of Rs.55/- to Rs.65/- per share through 100% book building process.

The company has reserved 2,60,000 shares for subscription by eligible employees of the company. The Net Issue to the public would be 1,22,40,000 shares which would constitute 25% of the fully diluted post issue paid up capital of the company.

The company's shares are proposed to be listed in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book Running Lead Manager to the issue is UTI Securities Ltd. The Registrar to the issue is Bigshare Services Pvt Ltd.

The IPO opens for subscription on August 21, 2007 and closes for subscription on August 24, 2007.

Click Here to View Indowind Energy Limited Website.

Click Here to view Indowind Energy Limited Prospectus.

Source : Equity Bulls

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