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Orient Green IPO is a book built issue of Rs 900.00 crores.
Orient Green IPO bidding started from September 21, 2010 and ended on September 24, 2010. The shares got listed on BSE, NSE on October 8, 2010.
Orient Green IPO price band is set at ₹47 to ₹55 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹6,875.
Axis Bank Limited, Goldman Sachs (India) Securities Private Limited, Jm Financial Limited and Ubs Securities India Private Limited are the book running lead managers of the Orient Green IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Orient Green IPO RHP for detailed information.
| IPO Date | September 21, 2010 to September 24, 2010 |
| Listing Date | October 8, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹47 to ₹55 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 191,489,362 shares (aggregating up to ₹900.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 276,588,888 |
| Share holding post issue | 468,078,249 |
Orient Green IPO offers 166,943,986 shares. 71,199,306 (42.65%) to QIB, 28,723,404 (17.21%) to NII, 67,021,276 (40.15%) to RII. 536,170 RIIs will receive minimum 125 shares and (sNII) and (bNII) will receive minimum 3,750 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 71,199,306 (42.65%) | NA |
| NII (HNI) Shares Offered | 28,723,404 (17.21%) | |
| Retail Shares Offered | 67,021,276 (40.15%) | 536,170 |
| Total Shares Offered | 166,943,986 (100%) |
Investors can bid for a minimum of 125 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 125 | ₹6,875 |
| Retail (Max) | 29 | 3625 | ₹199,375 |
| Lot Size Calculator | |||
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").
| Share Holding Pre Issue | 94.88% |
| Share Holding Post Issue | 56.07% |
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.
| KPI | Values |
|---|---|
| RoNW | -3.17% |
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.
The Orient Green IPO is subscribed 1.07 times on September 24, 2010 5:00:00 PM. The public issue subscribed 0.18 times in the retail category, 2.09 times in the QIB category, and 0.64 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.09 |
| NII | 0.64 |
| Retail | 0.18 |
| Total | 1.07 |
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.
Orient Green Power Company Ltd IPO, Orient Green Power IPO, Orient Green Power IPO Bidding, Orient Green IPO Allotment Status, Orient Green Power Company drhp and Orient Green Power Company Ltd IPO listing.
| Listing Date | October 8, 2010 |
| BSE Script Code | 533263 |
| NSE Symbol | GREENPOWER |
| ISIN | INE999K01014 |
| Final Issue Price | ₹47 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹47.00 |
| ₹45.70 |
| ₹38.30 |
| ₹46.60 |
| ₹44.90 |
| NSE |
|---|
| ₹47.00 |
| ₹45.70 |
| ₹38.10 |
| ₹46.65 |
| ₹44.70 |
Orient Green Power Company Ltd
Third Floor, Egmore Benefit Society Building,
25 Flowers Road,
Chennai 600 084, Tamil Nadu
Phone: +91 44 4542 8801
Email: complianceofficer@orientgreenpower.com
Website: http://www.orientgreenpower.com
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: ogpcl.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
Orient Green IPO is a main-board IPO of 191,489,362 equity shares of the face value of ₹10 aggregating up to ₹900.00 Crores. The issue is priced at ₹47 to ₹55 per share. The minimum order quantity is 125 Shares.
The IPO opens on September 21, 2010, and closes on September 24, 2010.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Orient Green IPO opens on September 21, 2010 and closes on September 24, 2010.
Orient Green IPO lot size is 125 Shares, and the minimum amount required is ₹6,875.
You can apply in Orient Green IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Orient Green IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Orient Green IPO allotment status.
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