Inox Wind Rights Issue 2025: Guide for Investors, Dates, Price, Ratio

Inox Wind Limited, a leading integrated wind energy solutions provider in India, has announced a rights issue to raise ₹1,249.33 crore. This strategic move aims to strengthen the company’s financial position, reduce debt, and fuel future growth.

For investors, understanding the Inox Wind rights issue—its timeline, pricing, eligibility, and application process—is crucial to making informed decisions. This guide provides a detailed analysis of the rights issue, its impact on shareholders, and whether investors should subscribe.

Key Highlights of Inox Wind Rights Issue 2025

Why is Inox Wind Raising Funds?

The company plans to use the proceeds for:

1. Repayment of NCPRPS (Non-Convertible Preference Shares issued to promoters).
2. Prepayment/repayment of borrowings to reduce debt.
3. Investment in subsidiary (IRSL) for debt repayment.
4. General corporate purposes to support business expansion.

This move aligns with Inox Wind’s strong financial turnaround—revenue grew 105% YoY (₹3,701.55 crore in FY25 vs. ₹1,808.02 crore in FY24), while PAT surged from a loss of ₹48.16 crore to a profit of ₹437.63 crore.

Should You Subscribe to Inox Wind Rights Issue?

Pros:

✅ Attractive Discount (27%) – Priced at ₹120 vs. market price of ~₹165, offering immediate upside potential.
✅ Strong Financial Recovery – Revenue and profit growth indicate a turnaround.
✅ Debt Reduction – Funds will improve balance sheet health.
✅ Renewable Energy Growth – Government push for wind energy benefits Inox Wind.

Cons:

❌ Market Volatility – Stock has fallen from 52-week high of ₹261.90 (Sep 2024) to current levels.
❌ Equity Dilution – New shares will increase outstanding equity, potentially impacting EPS.

Verdict:

• Existing shareholders should consider subscribing to avoid dilution.
• New investors can evaluate based on long-term growth prospects in renewable energy.

How to Apply for Inox Wind Rights Issue?

Option 1: Apply via Net Banking (ASBA)

1. Log in to your net banking account.
2. Go to the IPO/Rights Issue section.
3. Select Inox Wind Rights Issue.
4. Enter Demat details, quantity, and bid amount.
5. Submit and authorize payment.

Option 2: Apply via Registrar’s Website (R-WAP)

1. Visit Link Intime’s R-WAP portal.
2. Select Inox Wind Rights Issue.
3. Enter Demat account number and application details.
4. Complete payment and submit.

Option 3: Renounce or Sell Rights Entitlements

• If you don’t wish to subscribe, you can sell REs in the market before August 14, 2025.

Key Dates to Remember

Conclusion: Is Inox Wind Rights Issue Worth It?

Inox Wind’s rights issue presents a compelling opportunity for investors, given the discounted price, strong financial recovery, and India’s renewable energy growth.

• Existing shareholders: Subscribe to avoid dilution.
• New investors: Evaluate based on risk appetite and long-term outlook.
• Short-term traders: Monitor post-listing price action.

For more details, check the Letter of Offer or consult your financial advisor.

FAQs

❓ What is the record date for Inox Wind Rights Issue?
📌 July 29, 2025 – You must hold shares by this date to be eligible.

❓ Can I apply for more than my entitlement?
📌 Yes, you can apply for additional shares if other shareholders renounce theirs.

❓ What happens if I don’t subscribe or renounce?
📌 Unsubscribed rights will lapse, leading to dilution of your holding.

❓ Where will the rights shares be listed?
📌 On BSE & NSE from August 25, 2025.