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.
Company Promoters:
The Promoters of the Company are:1. Shriram EPC Limited ("SEPC");
2. Shriram EPC (Singapore) Pte Limited ("SEPC Singapore") and
3. Orient Green Power Pte Limited, Singapore ("OGPP").
Objects of the Issue:
The objects of the Issue are as follows:1. to finance the construction and development of four biomass projects;
2. funding their Subsidiaries OGP Rajasthan, biomass power project in Kishanganj and Beta Wind Farms Private Ltd in Tamil Nadu;
3. repayment of existing debt ; and
4. general corporate purposes.
Issue Detail:
»» Issue Open: Sep 21, 2010 - Sep 24, 2010
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 191,489,362 Equity Shares of Rs. 10
»» Issue Size: Rs. 900.00 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 47 - Rs. 55 Per Equity Share
»» Market Lot: 125 Shares
»» Minimum Order Quantity: 125 Shares
»» Listing At: BSE, NSE
Orient Green Power Company Ltd IPO Grading / Rating
CRISIL has assigned an IPO Grade 4 to Orient Green Power Company Ltd IPO. This means as per CRISIL company has 'Above Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Click here to download the CRISIL IPO Grading Document for Orient Green Power Company Ltd.
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