Inox Wind Rights Issue Poised to Close on August 20: Aims to Raise ₹1,249.33 Crore

Inox Wind Rights Issue is set to conclude on August 20, 2025, which opened for subscription on August 6, 2025. Through this capital-raising programme, the company aims to issue 10,41,10,712 equity shares with a face value of ₹10 each, priced at ₹120 per share, targeting a total fund raise of ₹1,249.33 crore.

Inox Wind Rights Issue Details

The Rights Issue is being offered in the ratio of 5 equity shares for every 78 shares held, based on the record date of July 29, 2025. Applicants are required to pay the entire amount upfront at the time of application. Upon allotment, the shares will be listed on both the BSE and NSE.

Notably, Inox Wind is managing the Rights Issue independently. MUFG Intime India Pvt. Ltd. is acting as the registrar, while Motilal Oswal Investment Advisors Ltd. serves as the issue advisor.

As of 3:40 PM on August 20, 2025, the Inox Wind Rights Issue has been subscribed to 2.14 times, with a total bid volume of 22,27,08,239 shares received across both exchanges.

Use of Proceeds

The net proceeds from the Rights Issue are earmarked for the following purposes:

• Redemption of 0.01% Non-Convertible, Non-Cumulative, Participating, Redeemable Preference Shares (NCPRPS) issued to the promoter
• Prepayment or repayment (in full or part) of certain existing borrowings of the company
• Investment in Inox Renewable Solutions Limited (IRSL), formerly Resco Global Wind Services Pvt. Ltd, to facilitate repayment or prepayment of its borrowings
• General corporate purposes.

Also Read: Captain Fresh to Raise ₹1,700 Crore via Fresh Issue in IPO: Filed DRHP via Confidential Route

About Inox Wind Limited

Inox Wind is a fully integrated wind energy solutions provider, specialising in the manufacturing of Wind Turbine Generators (WTGs) and their key components such as rotor blades, towers, hubs, and nacelles. The company also offers comprehensive turnkey wind farm development services, which include wind resource assessment, site acquisition, infrastructure development, erection and commissioning, along with long-term operations and maintenance (O&M) through its subsidiaries IWISL and MSEIL. Inox Wind operates four state-of-the-art manufacturing facilities to support its operations.

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