Bookbuilding IPO | ₹900 Cr | Listed at BSE, NSE | Tue, Sep 21, 2010 - Fri, Sep 24, 2010
Orient Green Power IPO is a book build issue of ₹900.00 crores. The issue is entirely a fresh issue of 19.15 crore shares of ₹900.00 crore.
Orient Green Power IPO bidding started from Sep 21, 2010 and ended on Sep 24, 2010. The shares got listed on BSE, NSE on Oct 8, 2010.
Orient Green Power IPO price band is set at ₹47 per share. The lot size for an application is 125. The minimum amount of investment required by an retail is ₹6,875 (125 shares) (based on upper price). The lot size investment for sNII is 35 lots (4,375 shares), amounting to ₹2,05,625, and for bNII, it is 171 lots (21,375 shares), amounting to ₹10,04,625.
Axis Bank Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue.
Refer to Orient Green Power IPO RHP for detailed Information.
IPO Open
Tue, Sep 21, 2010
IPO Close
Fri, Sep 24, 2010
Issue Price
₹47 per share
Market Cap (Pre-IPO)
₹2,199.97 Cr
| IPO Date | 21 to 24 Sep, 2010 |
| Listed on | Fri, Oct 8, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹55 |
| Issue Price | ₹47 per share |
| Lot Size | 125 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 19,14,89,361 shares (agg. up to ₹900 Cr) |
| Fresh Issue | 19,14,89,361 shares (agg. up to ₹900 Cr) |
| Share Holding Pre Issue | 27,65,88,888 shares |
| Share Holding Post Issue | 46,80,78,249 shares |
| BSE Script Code / NSE Symbol | 533263 / GREENPOWER |
| ISIN | INE999K01014 |
Orient Green Power IPO comprises a total issue size of 19,14,89,361 shares. Out of which, 9,57,44,681 (50.00%) are allocated to QIB, 2,87,23,404 (15.00%) allocated to NII 6,70,21,276 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max Allottees |
|---|---|---|---|
| QIB Shares Offered | 9,57,44,681 | 50.00% | NA |
| − Anchor Investor Shares Offered | 2,45,45,375 | 12.82% | NA |
| − QIB (Ex. Anchor) Shares Offered | 7,11,99,306 | 37.18% | NA |
| NII (HNI) Shares Offered | 2,87,23,404 | 15.00% | NA |
| Retail Shares Offered | 6,70,21,276 | 35.00% | 5,36,170 |
| Total Shares Offered | 19,14,89,361 | 100.00% |
Investors can bid for a minimum of 125 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹5,875 |
| Retail (Max) | 34 | 4,250 | ₹1,99,750 |
| S-HNI (Min) | 35 | 4,375 | ₹2,05,625 |
| S-HNI (Max) | 170 | 21,250 | ₹9,98,750 |
| B-HNI (Min) | 171 | 21,375 | ₹10,04,625 |
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.
| 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 | 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‖) | 60.76 |
| 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‖) | 530.20 |
| 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 | 148.20 |
| 4 | General corporate purposes | 123.35 |
| Total | 862.51 |
| KPI | |
|---|---|
| RoNW | -3.17% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 61.64% | 56.07% |
| Market Cap | ₹2,199.97 Cr. |
The Orient Green IPO is subscribed 1.07 times on September 24, 2010 5:00:00 PM (Day 4). The public issue subscribed 0.18 times in the retail category, 2.09 times in the QIB category, and 0.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.09 | 7,11,99,306 | |
| NII | 0.64 | 2,87,23,404 | |
| Retail | 0.18 | 6,70,21,276 | |
| Total | 1.07 | 16,69,43,986 |
CRISIL has assigned an IPO Grade 4 to Orient Green Power Company Ltd IPO. This means as per CRISIL company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Orient Green Power Company Ltd.
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| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees | 2.39 |
| 2 | Underwriting commission, brokerage and selling commission* | 0.09 |
| 3 | Registrar to the Issue's fees | 0.01 |
| 4 | Advertisement and marketing expenses | 0.59 |
| 5 | Printing and distribution expenses | 0.21 |
| 6 | IPO Grading expenses | 0.01 |
| 7 | Advisors | 0.29 |
| 8 | Bankers to the Issue | |
| 9 | Others (SEBI filing fees, fee payable to the monitoring agency, bidding software expenses, depository charges, listing fees, etc.) | 0.16 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹47.00 | ₹47.00 |
| Open | ₹45.70 | ₹45.70 |
| Low | ₹38.30 | ₹38.10 |
| High | ₹46.60 | ₹46.65 |
| Last Trade | ₹44.90 | ₹44.70 |
Orient Green Power IPO is a main-board IPO of 19,14,89,361 equity shares of the face value of ₹10 aggregating up to ₹900 Crores. The issue is priced at ₹47 per share. The minimum order quantity is 125.
The IPO opens on Tue, Sep 21, 2010, and closes on Fri, Sep 24, 2010.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Orient Green Power IPO using UPI as a payment gateway. Zerodha customers can apply in Orient Green Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Orient Green Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Orient Green Power IPO opens on Tue, Sep 21, 2010 and closes on Fri, Sep 24, 2010.
Orient Green Power IPO lot size is 125, and the minimum amount required for application is ₹5,875.
You can apply in Orient Green Power 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 Orient Green Power IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Orient Green Power IPO allotment status.
The Orient Green Power IPO listing date is on Fri, Oct 8, 2010.
