Indowind Energy Share Price Slip 4.02% as ₹49.43-Crore Rights Issue Opens for Subscription

December 1, 2025: The Board of Directors of Indowind Energy has opened the rights issue to subscription status today, and the company seeks to raise ₹49.43 crore from the rights issue. Following this announcement, the share price of Indowind Energy declined by over 4..02% closing at ₹17.21 

The stock opened at ₹18.01, reaching a high of ₹18.94 and a low of ₹16.70. The company has a market capitalization of ₹277.08 crore and a P/E ratio of 83.45, with no dividend yield declared. Over the past 52 weeks, the stock has traded between a low of ₹14.00 and a high of ₹27.76, reflecting significant volatility in its price range.

Details About the Upcoming Rights Issue

The rights issue of Indowind Energy opened on Monday, December 1,2025 and will close on Tuesday December 9, 2025. The company plans to issue 3.2 crore issues of equity share with a face value of ₹10, aiming to raise ₹49.43 crore. 

The rights entitlement ratio of Indowind Energy is 1:4. This implies that the company will issue 1 equity share for every 4 shares held. The deadline to renounce rights entitlements is 4 December 2025, while the record date for eligibility was 19 November 2025, allowing only shareholders on record to participate.

Rights Issue Objectives

The company intends to use the net proceeds of the rights issue to establish a 4 MW solar power station in the Karnataka state and repayment of secured and unsecured debts of corporate promoters namely Loyal Credit and Investments Limited and Indus Finance Limited among the other objects of the issue.

Indowind Energy Financials

As of FY25, Indowind Energy had a total income of ₹35.81 crore, EBITDA of ₹12.84 crore and net profit of ₹1.26 crore on a consolidated basis. In H1FY26, consolidated total income of the company was ₹29.29 crore, EBITDA was ₹15.73 crore, and Net profit ₹7.15 crore.

Indowind Energy Limited is an independent power producer in India that develops, owns, and operates wind farms to generate and sell green power. The company produces green energy from specially configured wind farms and provides auxiliary services to the wind power industry. 

The share price of Indowind Energy has risen over 11% in the past month and by 3% over the last three months. However, as a small-cap stock, it has seen a decline of 17% in the past six months and 29% year-to-date. Over the last year, the stock has fallen 18%, but looking at a longer horizon, it has delivered a 36% gain over the past three years, reflecting mixed short-term performance alongside steady long-term growth.

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