Inox Wind Limited has informed the Exchange that Board of Directors at its meeting held on July 23, 2025, has decided to issue equity shares on rights basis in the ratio of 5 : 78, i.e 5 Equity Shares for every 78 Equity Shares held. Issue Price is 120 per share.
INOXWIND · price
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On the reaction day the stock moved 1.9 pts less than Nifty Smallcap 250 and 1.7 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Inox Wind's board has approved a Rights Issue of up to Rs. 1,249.33 crores, consisting of approximately 10.41 crore fully paid-up equity shares at a price of Rs. 120 per share (face value Rs. 10, premium Rs. 110). The entitlement ratio is 5 new shares for every 78 shares held, which translates to roughly a 6.4% issuance relative to existing share count. The record date for eligibility is 29th July 2025, with the issue opening on 6th August and closing on 20th August 2025. Post-issue, total outstanding shares will rise from about 162.41 crore to 172.82 crore assuming full subscription. The funds will be raised on a rights basis from eligible shareholders, with the Letter of Offer already approved by the board.
Eligible shareholders on the record date of 29th July 2025 can subscribe to the rights entitlement; non-participation will lead to dilution of their stake by roughly 6.4%. The stock may see short-term price pressure as the ex-rights date approaches, given the issue price acts as a reference benchmark.