Orient Green Power Co.Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 95,744,681 (50%) | — | ₹52,660 Cr |
| NII (HNI) | — | 28,723,404 (15%) | — | ₹15,798 Cr |
| Retail | — | 67,021,276 (35%) | — | ₹36,862 Cr |
| Σ Total | — | 191,489,361 (100%) | — | ₹1,053,191 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹6,875 |
| Retail (Max) | 13 | 1,625 | ₹89,375 |
| S-HNI (Min) | 14 | 1,750 | ₹96,250 |
| B-HNI (Min) | 67 | 8,375 | ₹460,625 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To finance the construction and development of four biomass projects being undertaken by the Company, namely: 10 MW power project in Narasingpur, Madhya Pradesh (―BM – 10 – Narasingpur‖), 10 MW biomass power project in Amritsar (―BM – 10 – Amritsar‖), 7.5 MW biomass power project in Vellore (―BM – 7.5 – Vellore‖), 10 MW biomass power project in Patiala (―BM – 10 – Patiala‖) – 213.24
- 2 Funding our Subsidiaries, Orient Green Power Company (Rajasthan) Limited (―OGP Rajasthan‖) for undertaking 8 MW biomass power project in Kishanganj, Rajasthan (―BM – 08 –Kishanganj‖) and Beta Wind Farms Private Limited (―BWFPL‖) for undertaking 300 MW wind project in Tamil Nadu (―300 MW Tamil Nadu project‖) – 1848.53
- 3 Funding the Subsidiaries BWFPL, PSR Green Power Projects Private Limited (―PSR Green‖) and Shriram Non-Conventional Energy Limited (―SNEL‖) for repayment of existing debt availed from Indusind Bank, and prepayment of existing debt availed from Yes Bank – 160.00
- 4 General corporate purposes – 123.35
Company Overview
Incorporated in 2006, Orient Green Power Company Ltd, an associate company of Shriram EPC is engaged in developing, owning and operating a diversified portfolio of renewable energy plants based on biomass, biogas wind energy, and small hydel projects.
Orient Green Power is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity. Currently company's portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development. As of March 31, 2010, company's total portfolio of operating projects included 193.1 MW of aggregate installed capacity, which comprised 152.6 MW of wind energy projects and 40.5 MW of biomass projects.
The company is engaged in the construction of various projects in Maharashtra, Tamil Nadu, Andhra Pradesh, Rajasthan and Madhya Pradesh for generating 73.5 MW using bio-mass. Company has plans to invest about Rs 4,000 crore for increasing the capacity to 1,000 MW by March 2013, from 230 MW as of now.