Bajaj Energy
IPO Date: N/A
Listing Date: N/A
Price Range
Issue Size
1 Cr
Min Investment
₹0
Lot Size
1 Shares
Schedule of Bajaj Energy
Issue open date
N/A
Issue close date
N/A
UPI mandate deadline
N/A (5 PM)
Allotment finalization
N/A
Share credit
N/A
Listing date
N/A
Mandate end date
N/A
Issue size
| Funds Raised in the IPO | Amount |
|---|---|
| Overall | 1 Cr |
| Fresh Issue | 0 Cr |
| Offer for Sale | 0 Cr |
Allotment DetailsNew
| Allotment Timeline | Details |
|---|---|
| Allotment Date | - |
| Allotment Link | {Link} |
Grey Market PremiumNew
Grey Market Premium (GMP) is the premium at which the shares are traded in the grey market. It gives a fair idea about the listing price of the IPO shares. The GMP can be positive or negative based on the demand and supply of the shares in the grey market.
| Date | Ipo Price | GMP | Estimated Listing Price |
|---|---|---|---|
| - | ₹- | ₹- | ₹- |
Performance Bajaj Energy
| Issue Price | Listing Gain | Current Market Price | P/L |
|---|---|---|---|
| .... | .... | .... | .... |
About Bajaj Energy
Bajaj Energy Ltd. (BEL) and Lalitpur Power Generation Company Ltd. (LPGCL) are prominent private-sector thermal power generation companies in Uttar Pradesh, India. LPGCL operates a 1,980 MW coal-based thermal power plant, while BEL contributes to the total gross installed capacity of 2,430 MW through its associated plants. Bajaj Energy Ltd. plans to use proceeds from an IPO to fully acquire LPGCL, strengthening its presence in India's thermal power sector.
| Founded in | 2008 |
| Managing director | Vinay Kumar Singh Bankoti |
| Parent organization | Bajaj Energy Ltd. |
Financial Overview
Strengths
- One of the largest independent power producers in Uttar Pradesh
- Principal fuel supplier is Central Coal Fields Ltd.
- a subsidiary of Coal India Ltd.
- Well-positioned in Uttar Pradesh to capitalise on the state's demand
- All assets are based in Uttar Pradesh which is one of the largest and most densely populated states in India
- Operational power plants have a gross capacity of 2
- 430 MW
Risks
- Most income is derived from electricity sales to one customer Uttar Pradesh Power Corporation Ltd.
- LPGCL is involved in disputes with UPPCL for tariff payment as per the draft red herring prospectus
- Has faced non-compliance issues with loan agreements resulting in defaults
- Relies heavily on coal supply from subsidiaries of Coal India posing a supply risk despite long-term agreements
- Operations carry risks of environmental damage and dependence on railway and road infrastructure for coal delivery
Subscription Figures
| Category | Subscription (No. of times) |
|---|---|
| Qualified Institutional Buyers (QIBs) | N/A |
| Non-Institutional Investors (NIIs) | N/A |
| Retail Individual Investors (RIIs) | N/A |
| Employee | N/A |
| Total | N/A |