Home>IPO>Bajaj Energy Ltd

Bajaj Energy

Bajaj Energy Ltd

IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
NANANATo be announced
Issue SizeIPO Doc
NA
RHP PDFopen_in_new

About Company

Bajaj Energy Ltd. (BEL) and Lalitpur Power Generation Company Ltd. (LPGCL) are among the largest private-sector thermal generation companies in Uttar Pradesh. The company develops, finances and operates thermal power plants in India. BEL has 450 megawatt coal-based thermal Power plants across 5 locations in Uttar Pradesh. Bajaj Energy's total gross installed capacity is 2,430 MW. This comprises 450 mega-watts from 5 plants, owned and managed by BEL (the "BEL Power Plants"), and 1,980 MW from the power plant owned and operated by LPGCL (the "LPGCL Power Plant"). BEL intends to acquire LPGCL completely in future using the proceeds it receives from the IPO offer.
... Read More
Parent Organisation
Bajaj Energy Ltd
Founded
2008
Managing Director
Vinay Kumar Singh Bankoti

Strengths & Risks

  • add
    One of the largest independent power producers in Uttar Pradesh.
  • add
    Principal fuel supplier is Central Coal Fields Ltd., a subsidiary of Coal India Ltd.
  • add
    Well-positioned in Uttar Pradesh to capitalise on the state's demand.
  • add
    All assets are based in Uttar Pradesh. Uttar Pradesh is one of the largest and most densely populated states in India.
  • add
    Operational power plants have a gross capacity of 2,430 MW. This according to the draft red herring prospectus published in 2019.
  • remove
    Most of the income is derived from electricity sales to one customer: Uttar Pradesh Power Corporation Ltd. (UPPCL).
  • remove
    As per DRHP, LPGCL is involved in disputes with UPPCL for tariff payment.
  • remove
    Has not been compliant with certain loan agreements in the past resulting in default
  • remove
    Faces fuel supply risks despite having entered into long-term agreements. BEL primarily relies on coal sourced from subsidiaries of Coal India.
  • remove
    Operations carry risk of environmental damage.
  • remove
    Unavailability of appropriate infrastructure could impact the delivery of coal. Heavy dependence on railway infrastructure and road infra for coal.
  • remove
    Tariffs subject to regulatory scrutiny by the Uttar Pradesh Electricity Regulatory Commission (UPERC)
  • remove
    As per DRHP, the final tariff for LPGCL has not been approved by UPERC.
  • remove
    Majority of the land are under lease agreements and inability to renew the agreement or termination of the agreement could impact revenue and operations.
  • remove
    Financial results subject to seasonal variations.
  • remove
    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?
    keyboard_arrow_down
    What are the open and close dates of the Bajaj Energy Ltd IPO?
    keyboard_arrow_down
    What is the lot size and minimum order quantity of the Bajaj Energy Ltd IPO?
    keyboard_arrow_down
    What are the allotment dates for the Bajaj Energy Ltd IPO?
    keyboard_arrow_down
    Who is the registrar of Bajaj Energy Ltd IPO?
    keyboard_arrow_down
    Where is the Bajaj Energy Ltd IPO getting listed?
    keyboard_arrow_down
Looking to invest in an IPO?
Create your demat account on Groww in 2 minutes
LOGIN / REGISTER
ⓒ 2016-2021 Groww. All rights reserved, Built with in India
ABOUT GROWW
keyboard_arrow_down