Bajaj Energy IPO

Bajaj Energy

IPO Details

Bidding Dates

To be announced

Bidding Dates

Min. Investment

-

Min. Investment

Lot Size

-

Lot Size

Price Range

-

Price Range

Issue Size

-

Issue Size

IPO Doc

(D)RHP PDF  

(D)RHP PDF

About Bajaj Energy IPO

Bajaj Energy is looking to raise Rs 5450 crores through its IPO. The Bajaj Energy IPO comprises a fresh issue worth Rs 5,150 crore and an offer-for-sale (OFS) of shares up to Rs 300 crore by Bajaj Power Ventures. The proceeds of the issue to acquire the remaining 79.31% stake in LPGCL.



Bajaj Energy Limited (BEL) is one of the largest private-sector thermal generation firms in Uttar Pradesh. The company holds decades of experience in financing, building, and running thermal power generation facilities. The company has a total gross installed capacity of 2,430MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by BEL and 1,980 MW from the power plant owned and managed by Lalitpur Power Generation Company Limited (LPGCL). The power plants run by BEL have been fully operational since 2012 and enjoy an active track record of more than six years. The LPGCL power plant has been operational since December 2016.

SWOT Analysis - Bajaj Energy IPO

Bajaj Energy Ltd is one of the largest independent power producers in Uttar Pradesh and is well-positioned to meet the state’s demand for power. The company has a long-term fuel supply agreement with Central Coal Fields Ltd, a subsidiary of Coal India Ltd. The total installed capacity for the BEL Power Plants and the LPGCL Power Plant is contracted for under the long-term PPAs entered into with certain state government-owned procurers through UPPCL.



The dependency is very high on a single customer - Uttar Pradesh Power Corporation Ltd (UPPCL). Currently, LPGCL is involved in disputes with UPPCL with regard to the payment of tariffs. If the matter tilts in favour of UPPCL, then there may be write-offs, which could impact LPGCL’s financials. Due to heavy dependency on Central Coal Fields Ltd for coal, the company could face fuel supply risks. The tariffs are subject to regulatory nods by Uttar Pradesh Electricity Regulatory Commission (UPERC). Therefore, neither BEL nor LPGCL can decide at what rate they can sell the generated power.



How to apply for Bajaj Energy IPO?

You can apply for the Bajaj Energy IPO in these ways:

UPI
Link your personal bank A/C to a trusted UPI ID and map it with your TradeSmart account. Now, proceed further to book your IPO. On acceptance of the mandate, the bid amount will get blocked in your bank account Learn more.

Demat Account

1. If you are an Existing TradeSmart demat account holder and wish to apply for an Bajaj Energy click here.
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Frequently Asked Questions (FAQs) - Bajaj Energy IPO

When is the Bajaj Energy IPO open for subscription?

The Bajaj Energy IPO date is yet to be announced.

How much is Bajaj Energy looking to raise from this IPO?

Bajaj Energy is aiming to raise Rs 5450 crore in the form of a fresh issue worth Rs 5,150 crore and an offer-for-sale (OFS) of shares up to Rs 300 crore by Bajaj Power Ventures.

What are the lot size and the minimum order quantity for the Bajaj Energy IPO?

The details on the IPO are yet to be announced.

Who is the registrar for the Bajaj Energy IPO?

Link Intime India Ltd is the registrar for the IPO.

Where is the Bajaj Energy IPO getting listed?

Once the Bajaj Energy IPO is out, the shares will be listed on both BSE and NSE.

How does Bajaj Energy plan to utilise the funds raised from the IPO?

Bajaj Energy will use the proceeds from the IPO to pick 6,99,36,900 equity shares of Lalitpur Power Generation Company from Bajaj Power Ventures and Bajaj Hindustan Sugar for Rs 4,972 crore, and the remaining amount will be utilised for general expenses.

Who are the lead managers to the issue?

The lead managers are Edelweiss Financial Services, IIFL Holdings and SBI Caps. The co-book running lead managers to the issue is IDBI Capital Markets.

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