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Indowind Energy IPO opens on 21 August 2007
Monday, August 13, 2007
Indowind Energy is planning to raise Rs 68.7-81.2 crore through an initial public offer (IPO) of shares. The IPO will have a price band of Rs 55-65 a share.
The 1.25 crore share offer would open on 21 August 2007 and close on 24 August 2007.
The proceed would be deployed to expand wind power generation capacity, buy equipment, foreclose lease accounts with banks.
It currently supplies wind power to a state utility and a few companies in the Karnataka.
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Investment in equity shares has its own risks. Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that we consider reliable. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it.& take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations given in this blog.
