Indowind Energy IPO which is now open for subscription along with the Motilal Oswal IPO, is not doing very well. Unlike the Motilal Oswal IPO which got oversubscribed in the first few hours of the IPO opening for subscription, the Indowind Energy IPO still remains undersubscribed. As of now, the Indowind Energy IPO has been subscribed by 0.52 times only. The only good news for the promoters of Indowind Energy Limited and the investment banks managing the IPO is the fact that the institutional investor category has been full subscribed.