IPO Issue Details
Issue Price / Price Band₹55 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size125 Shares per Lot
Total Issue Size19,14,89,361 shares (aggregating up to ₹900.00 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE & BSE
IPO TypeMainboard
Subscription OpenTue, 21 Sep 2010
Subscription CloseFri, 24 Sep 2010
Anchor AllotmentMon, 20 Sep 2010
Basis of AllotmentThu, 30 Sep 2010
Initiation of RefundsFri, 01 Oct 2010
Credit of Shares to DematFri, 01 Oct 2010
Listing DateFri, 08 Oct 2010
UPI Mandate Deadline2010-09-24
Application & Investment Details
Retail — Min (1 Lots)₹5,875 — 125 shares
Retail — Max (13 Lots)₹89,375 (13 Lots)
HNI — Min (35 Lots)₹2,05,625 — 4,375 shares
Pre-IPO Promoter Holding27,65,88,888 shares
Post-IPO Promoter Holding46,80,78,249 shares
About Orient Green Power Co.Ltd.
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.
Objects of the Issue
Orient Green Power Co.Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
1
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
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
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
4 General corporate purposes
123.35
Shareholding & Lock-in
Pre-IPO Promoter Holding
27,65,88,888 shares
Post-IPO Promoter Holding
46,80,78,249 shares