Orient Green Power Plans IPO : Files DRHP with SEBI

by khalid on 22/04/2010 · 0 comments

Orient Green Power Company limited (OGPL) is a renewable energy producer in India focused on the development, ownership, and operation of wind, biomass and small hydel projects. The company is promoted by engineering firm Shriram EPC. The company currently has an aggregate installed capacity of 196 megawatts (MW), comprising 156 MW from wind power and 40 MW biomass projects. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI. The company want to raise money from primary market with this IPO to expand power generation capacity to 1000 MW in two years.

Shriram EPC holds 35.8% stake in the company. Two private equity firms Olympus Capital and Bessemer Venture Partners hold the remaining stake. The IPO will consists of a fresh issue of shares and the holding of the current shareholders will be reduced to that extent.

The bankers to the issue are JM Financial, Goldman Sachs and UBS Securities.

Share’s Data :-
BSE Code : 532945
ISIN Demat : INE964H01014
Market Cap : Rs 1250 Crores
P/E Ratio: 29.48
EPS (Rs): 9.23 in Mar 2009
Face Value : Rs 10
Last Dividend : 12% in Jun 2009
52 Week H/L : Rs 302.00 / 122.00
Shriram EPC Ltd. share’s CMP is Rs 284.90 on 22nd Apr 2010.

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