Orient Green Power IPO : Listing on 8th Oct 2010

by khalid on 08/10/2010 · 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 had entered the capital market with an initial public offering (IPO) of 191,489,362 Equity Shares of Rs 10 each for cash, at a premium to be decided through a 100% Book Building Process . The company informed the market (BSE) that the shares of its recent IPO will list on 8th Oct 2010. The IPO was open from 21st Sep 2010 to 24th Sep 2010. The price band was Rs 47 to Rs 55 and the Issue Price was fixed at the lower level of price band, Rs 47 per equity share.

IPO Listing Detail :-
Listing Date: 8th Oct 2010
BSE Scrip Code : 533263
Listing In : ‘B’ Group of Securities
ISIN : INE999K01014
Issue Price : Rs. 47.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of this IPO will be used for finance the construction and development of four biomass projects, funding their Subsidiaries OGP Rajasthan, biomass power project in Kishanganj and Beta Wind Farms Private Ltd in Tamil Nadu, repayment of existing debt and general corporate purposes.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Book running lead managers to the issue are Axis Bank Limited, Goldman Sachs (India) Securities Private Limited, JM Financial Consultants Private Limited and UBS Securities India Private Limited.

Registrar of the Issue : Link Intime India Private Ltd, Mumbai.

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