Stock Report

Indowind Energy Ltd rights issue oversubscribed by 1.04 times

Posted On : 2025-12-11 16:20:05( TIMEZONE : IST )

Indowind Energy Limited, engaged in wind energy-based renewable power generation and distribution, with core operations in the ownership, operation, and maintenance of windmills, announced today, the successful closure of the issue of 3,22,00,434 (Three Crores Twenty-Two Lakhs Four Hundred and Thirty-Four) fully paid-up Equity Shares on rights basis to the eligible equity shareholders (the "Rights Issue") which was launched on December 01, 2025.

The issue resulted into subscription of 3,34,94,890 shares* resulting into oversubscription by 1.04* times. The issue period was from December 01, 2025, to December 09, 2025. The issue size was 3,22,00,434 (Three Crores Twenty-Two Lakhs Four Hundred and Thirty-Four) fully paid-up Equity Shares aggregating to Rs. 49.43 Crores (Rupees Forty-Nine Crores Forty-Three Lakhs Only) for cash, at a price of Rs. 15.35 per Equity Share (including a premium of Rs. 5.35 per Equity Share) on a rights basis to its eligible equity shareholders in the ratio of 1 (One) Rights Equity Share for every 04 (Four) fully paid-up Equity Shares held as on record date i.e. November 19, 2025.

The funds raised via rights issue will be used in the manner described in the Letter of Offer dated November 13, 2025, i.e.

1. Investment for developing the 4 MW Solar Power Project at Karnataka.

2. Repayment of Secured and Unsecured Loan availed from Corporate Promoters:
- Loyal credit & Investments Limited
- Indus Finance Limited

3. General Corporate Purpose

The allotment, listing and trading formalities of the new shares on the NSE and BSE are expected to be completed on or about Wednesday, December 17, 2025 and Friday, December 26, 2025 respectively.

Shares of Indowind Energy Limited was last trading in BSE at Rs. 14.85 as compared to the previous close of Rs. 14.97. The total number of shares traded during the day was 25862 in over 309 trades.

The stock hit an intraday high of Rs. 15.44 and intraday low of 14.70. The net turnover during the day was Rs. 388103.00.