Indowind Energy Rights Issue Oversubscribed At Rs 494 Million
Company News

Indowind Energy Rights Issue Oversubscribed At Rs 494 Million

Indowind Energy Limited, a renewable power producer specialising in wind energy generation, has announced the successful closure of its rights issue of fully paid-up equity shares. The company, which owns, operates and maintains windmills across India, launched the offer on 1 December 2025.

The rights issue comprised 32.20 million equity shares and attracted subscriptions of 33.49 million shares, resulting in an oversubscription of 1.04 times. The offer period ran from 1 to 9 December 2025. The issue aggregated to Rs 494.3 million, priced at Rs 15.35 per share (including a premium of Rs 5.35), and was offered in the ratio of 1 share for every 4 fully paid-up shares held as of the record date, 19 November 2025.

Use of Funds

According to the Letter of Offer dated 13 November 2025, proceeds from the issue will be deployed towards:

Investment in a 4 MW solar power project in Karnataka

Repayment of secured and unsecured loans from corporate promoters:

Loyal Credit & Investments Limited

Indus Finance Limited

General corporate purposes

Allotment, listing and trading of the new shares on the NSE and BSE are expected to be completed by 17 December 2025 and 26 December 2025, respectively.

Issue Intermediaries

Lead Manager: Mark Corporate Advisors Private Limited

Registrar: Bigshare Services Private Limited

Legal Advisor: Rajani Associates, Advocates and Solicitors

Banker to the Issue: Axis Bank Limited

Indowind Energy Limited, a renewable power producer specialising in wind energy generation, has announced the successful closure of its rights issue of fully paid-up equity shares. The company, which owns, operates and maintains windmills across India, launched the offer on 1 December 2025. The rights issue comprised 32.20 million equity shares and attracted subscriptions of 33.49 million shares, resulting in an oversubscription of 1.04 times. The offer period ran from 1 to 9 December 2025. The issue aggregated to Rs 494.3 million, priced at Rs 15.35 per share (including a premium of Rs 5.35), and was offered in the ratio of 1 share for every 4 fully paid-up shares held as of the record date, 19 November 2025. Use of Funds According to the Letter of Offer dated 13 November 2025, proceeds from the issue will be deployed towards: Investment in a 4 MW solar power project in Karnataka Repayment of secured and unsecured loans from corporate promoters: Loyal Credit & Investments Limited Indus Finance Limited General corporate purposes Allotment, listing and trading of the new shares on the NSE and BSE are expected to be completed by 17 December 2025 and 26 December 2025, respectively. Issue Intermediaries Lead Manager: Mark Corporate Advisors Private Limited Registrar: Bigshare Services Private Limited Legal Advisor: Rajani Associates, Advocates and Solicitors Banker to the Issue: Axis Bank Limited

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement