Groww Logo
Home>IPO>Bajaj Energy Ltd

Bajaj Energy IPO

Bajaj Energy Ltd

Bajaj Energy IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
To be announced------
Issue SizeIPO Doc
NA
DRHP PDF

About Bajaj Energy

Bajaj Energy Ltd. (BEL) and Lalitpur Power Generation Company Ltd. (LPGCL) are among the largest private-sector thermal
Parent Organisation
Bajaj Energy Ltd
Founded
2008
Managing Director
Vinay Kumar Singh Bankoti

Strengths & Risks

  • 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. Uttar Pradesh is one of the largest and most densely populated states in India.
  • Operational power plants have a gross capacity of 2,430 MW. This according to the draft red herring prospectus published in 2019.
  • Most of the income is derived from electricity sales to one customer: Uttar Pradesh Power Corporation Ltd. (UPPCL).
  • As per DRHP, LPGCL is involved in disputes with UPPCL for tariff payment.
  • Has not been compliant with certain loan agreements in the past resulting in default
  • Faces fuel supply risks despite having entered into long-term agreements. BEL primarily relies on coal sourced from subsidiaries of Coal India.
  • Operations carry risk of environmental damage.
  • Unavailability of appropriate infrastructure could impact the delivery of coal. Heavy dependence on railway infrastructure and road infra for coal.
  • Tariffs subject to regulatory scrutiny by the Uttar Pradesh Electricity Regulatory Commission (UPERC)
  • As per DRHP, the final tariff for LPGCL has not been approved by UPERC.
  • Majority of the land are under lease agreements and inability to renew the agreement or termination of the agreement could impact revenue and operations.
  • Financial results subject to seasonal variations.
  • Operations could be affected by strikes or increased wage demands by the employees.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Top IPO FAQs

What is the Bajaj Energy Ltd IPO?

The Bajaj Energy IPO's issue size is Rs 5,450 crores out of which is Rs 5,150 crores is a fresh issue and the rest is an offer for sale.

What are the open and close dates of the Bajaj Energy Ltd IPO?

Not finalised yet

What is the lot size and minimum order quantity of the Bajaj Energy Ltd IPO?

Not finalised yet

What are the allotment dates for the Bajaj Energy Ltd IPO?

Not finalised yet

Who is the registrar of Bajaj Energy Ltd IPO?

Link Intime India Pvt. Ltd.

Where is the Bajaj Energy Ltd IPO getting listed?

The shares are proposed to be listed on the BSE and NSE.
ⓒ 2016-2022 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 3.1.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  L&T |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  INDIABULLS |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI

ABOUT GROWW