Indowind Energy Ltd - IPO

Indowind Energy Ltd IPO Details

Public issue of 1,25,00,000 equity shares of Rs. 10/- each for cash at a price of Rs.65/- per equity share (including equity share premium of Rs.55/- per equity share aggregating to Rs.81.25 Crores (the issue) by Indowind Energy Limited (our company or issuer). Out of which 2,60,000 equity shares of Rs.10/- each have been reserved for subscription by eligible employees of our company aggregating Rs.1.69 (employee reservation portion),and net issue of 1,22,40,000 equity shares of Rs. 10/- each aggregating to Rs.[*] (net issue). The net issue would constitute 25% of the fully diluted post issue paid up capital of our company. Issue Price is Rs.65/- per equity share of face value of Rs. 10/- each.The issue price is 6.5 times of the face value

Objective of issue

Setting up 9MW Wind Farm Project is. Purchase of Hydraulic Cranes. Acquis.of second hand Wind Energy Genertors fr Bnk. Foreclosure of lease with ICICI bank & UTI Bank. Meet the Addl Working Capial Requirements.

Indowind Energy Ltd Contact Details

Indowind Energy Ltd, E-2/3 Saki Vihar Rd, Ansa Indl Estate, Saki Naka Andheri-E, Mumbai - 400 072

Phone - 91-22-40430200

Fax - 91-22-28475207

Email - complianceofficer@indowind.com

Website - www.indowind.com