Bookbuilding IPO | ₹831 Cr | Listed at BSE, NSE | Mon, Jun 23, 2008 - Wed, Jun 25, 2008
KSK Energy Ventures IPO is a book build issue of ₹830.66 crores. The issue is entirely a fresh issue of 3.46 crore shares of ₹830.66 crore.
KSK Energy Ventures IPO bidding started from Jun 23, 2008 and ended on Jun 25, 2008. The shares got listed on BSE, NSE on Jul 14, 2008.
KSK Energy Ventures IPO price band is set at ₹240 per share. The lot size for an application is 25. The minimum amount of investment required by an retail is ₹6,375 (25 shares) (based on upper price). The lot size investment for sNII is 34 lots (850 shares), amounting to ₹2,04,000, and for bNII, it is 167 lots (4,175 shares), amounting to ₹10,02,000.
Edelweiss Financial Services Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to KSK Energy Ventures IPO RHP for detailed Information.
IPO Open
Mon, Jun 23, 2008
IPO Close
Wed, Jun 25, 2008
Issue Price
₹240 per share
Market Cap (Pre-IPO)
₹8,306.51 Cr
| IPO Date | 23 to 25 Jun, 2008 |
| Listed on | Mon, Jul 14, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹240 to ₹255 |
| Issue Price | ₹240 per share |
| Lot Size | 25 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 3,46,11,000 shares (agg. up to ₹831 Cr) |
| Fresh Issue | 3,46,11,000 shares (agg. up to ₹831 Cr) |
| Share Holding Pre Issue | 31,14,93,740 shares |
| Share Holding Post Issue | 34,61,04,740 shares |
| BSE Script Code / NSE Symbol | 532997 / KSK |
| ISIN | INE143H01015 |
KSK Energy Ventures IPO comprises a total issue size of 3,46,11,000 shares. Out of which, 2,07,66,600 (60.00%) are allocated to QIB, 34,61,100 (10.00%) allocated to NII 1,03,83,300 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 2,07,66,600 | 60.00% | NA |
| NII (HNI) Shares Offered | 34,61,100 | 10.00% | NA |
| Retail Shares Offered | 1,03,83,300 | 30.00% | 4,15,332 |
| Total Shares Offered | 3,46,11,000 | 100.00% |
Investors can bid for a minimum of 25 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 25 | ₹6,000 |
| Retail (Max) | 33 | 825 | ₹1,98,000 |
| S-HNI (Min) | 34 | 850 | ₹2,04,000 |
| S-HNI (Max) | 166 | 4,150 | ₹9,96,000 |
| B-HNI (Min) | 167 | 4,175 | ₹10,02,000 |
Incorporated in 2001, KSK Energy Ventures Limited is a power project development company in India, with track record of developing and operating power plants. KSK Energy supply power to a combination of industrial and state-owned consumers in India.
KSK Energy have operational power plants capable of generating 144 MW of power and are currently constructing, developing or planning power projects capable of generating an aggregate of 8,993 MW of power, which they sell or intend to sell under a combination of long-term, medium-term and short-term power purchase agreements (“PPAs”) to industrial and state-owned consumers.
KSK energy power projects are as follows:
Three power plants (aggregating 144 MW) that are fully operational:
1. Arasmeta, a 43 MW coal based power plant in Chhattisgarh;
2. Sai Regency, a 58 MW natural gas based power plant in Tamil Nadu;
3. Sitapuram, a 43 MW coal based power plant in Andhra Pradesh.
Two power projects (aggregating 675 MW) that are under construction:
1. VS Lignite, a 135 MW lignite based power project in Rajasthan;
2. Wardha, a 540 MW coal based power project in Maharashtra.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Wardha Chhattisgarh power project | 773.39 |
| 2 | General Corporate Purposes | 200.00 |
| Total | 973.39 |
| KPI | |
|---|---|
| RoNW | 17.13% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.39% | 55.24% |
| Market Cap | ₹8,306.51 Cr. |
The KSK Energy IPO is subscribed 1.5 times on June 25, 2008 5:00:00 PM (Day 3). The public issue subscribed 0.22 times in the retail category, 2.22 times in the QIB category, and 1.09 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLMs fees, underwriting and selling commission | 34.79 |
| 2 | Printing, stationery and dispatch expenses | 2.50 |
| 3 | Advertising and marketing expenses | 11.70 |
| 4 | IPO grading fees | 0.11 |
| 5 | Other expenses (listing fees, SEBI filing fees, bidding charges, Registrar’s fees, legal advisors expenses, depository fees, Auditor’s fees, etc.) | 8.17 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹240.00 | ₹240.00 |
| Open | ₹220.00 | ₹210.05 |
| Low | ₹176.00 | ₹176.65 |
| High | ₹234.80 | ₹234.80 |
| Last Trade | ₹190.50 | ₹191.75 |
Lead Manager Reports
KSK Energy Ventures IPO is a main-board IPO of 3,46,11,000 equity shares of the face value of ₹10 aggregating up to ₹831 Crores. The issue is priced at ₹240 per share. The minimum order quantity is 25.
The IPO opens on Mon, Jun 23, 2008, and closes on Wed, Jun 25, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in KSK Energy Ventures IPO using UPI as a payment gateway. Zerodha customers can apply in KSK Energy Ventures IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in KSK Energy Ventures IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The KSK Energy Ventures IPO opens on Mon, Jun 23, 2008 and closes on Wed, Jun 25, 2008.
KSK Energy Ventures IPO lot size is 25, and the minimum amount required for application is ₹6,000.
You can apply in KSK Energy Ventures IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for KSK Energy Ventures IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the KSK Energy Ventures IPO allotment status.
The KSK Energy Ventures IPO listing date is on Mon, Jul 14, 2008.
