Inox Wind Launches ₹1,249 Crore Rights Issue to Fuel Growth and Cut Debt – EQ
In Short : Inox Wind plans to raise ₹1,249 crore via a rights issue, offering shares at ₹120 each—a 27% discount to market price. The issue opens on August 6 and closes on August 20, with a 5:78 entitlement ratio. Funds will be used to strengthen the company’s balance sheet, repay debt, and support business expansion through its subsidiaries.
In Detail : Inox Wind has announced a rights issue to raise ₹1,249.33 crore to bolster its financial position and support future expansion. The capital raised will primarily be used to repay debt, enhance working capital, and fund investments in its subsidiaries.
The company will issue 10,41,10,712 fully paid-up equity shares at ₹120 each, which includes a face value of ₹10 and a premium of ₹110. This offer price represents a discount of approximately 27% to the current market price of the stock, making it an attractive option for existing shareholders.
The entitlement ratio for the rights issue has been set at 5 shares for every 78 shares held by eligible shareholders. This move is aimed at ensuring equitable participation and encouraging current investors to increase their stake in the company.
The record date for determining shareholders’ eligibility to participate in the issue has been fixed for July 29, 2025. Investors whose names appear in the register of members as on this date will be eligible to receive the rights entitlement.
The rights issue will open on August 6, 2025, and close on August 20, 2025. Investors will have the opportunity to subscribe to the issue or renounce their rights in favour of others during this period.
The on-market renunciation of rights will be allowed up to August 14, 2025, while off-market renunciation can be done until August 19, 2025. This provides flexibility for shareholders who may not wish to participate in the offer directly.
Following the successful completion of the rights issue, Inox Wind’s equity base is expected to increase from 162.41 crore shares to approximately 172.82 crore shares. This capital infusion will also reduce the company’s debt burden and support its long-term growth strategy.
The rights issue comes on the back of a strong financial performance in Q4 FY25, where Inox Wind posted a fivefold increase in net profit to ₹190 crore and saw its revenue double to ₹1,310 crore. The improved performance highlights the company’s operational efficiency and market traction.
In addition to financial strengthening, Inox Wind continues to secure new business, such as a 51 MW wind energy order from First Energy (Thermax Group) for a project in Tamil Nadu. The rights issue marks another step in the company’s efforts to scale operations and lead in India’s renewable energy space.
