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Orient Green Power Company Ltd. Rights Issue (Orient Green Power Rights Issue 2024) Detail

August 27, 2024 - September 13, 2024
Orient Green Power Company Ltd. Logo

Orient Green Power Company Limited was founded in 2006 and focuses on the development, ownership and operation of renewable energy power plants.

The company has developed more than 400 MW of wind power capacity through its subsidiaries. In addition, OGPL has developed 106 MW of biomass capacity, including 40 MW directly by the company and 66 MW through its subsidiaries. As of March 31, 2024, the company has a total installed capacity of 402.3 megawatts (MW) and serves 45 customers, most of which are commercial and industrial customers and two government utilities.

As of March 31, 2024, the company had 129 employees, including the managing directors

Orient Green Power Rights Issue 2024 Detail

Issue Open August 27, 2024 - September 13, 2024
Security Name Orient Green Power Company Ltd.
Issue Size (Shares) 192,307,692
Issue Size (Amount) ₹250.00 Crores
Issue Price ₹13 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

All money payable at the time of Application.

Entitlement 10 Rights Equity Share(s) for every 51 fully paid-up Equity Shares held on Record Date

Orient Green Power Rights Issue 2024 Issue Timetable

Last Date to buy sharesAugust 12, 2024
Record Date August 13, 2024
Credit of Rights Entitlements September 9, 2024
Bid/Offer Opens On August 27, 2024
Renunciation of Rights Entitlements
Bid/Offer Closes On September 13, 2024
Deemed Date of Allotment September 19, 2024
Credit Date September 24, 2024
Listing Date September 27, 2024

Company Financials

Orient Green Power Company Ltd. Financial Information (Restated Consolidated)

Orient Green Power Company Ltd.'s revenue decreased by -3.28% and profit after tax (PAT) rose by 15.21% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2021
Assets1,617.621,692.111,893.25
Revenue280.68290.21315.22
Profit After Tax38.4033.3335.78
Amount in ₹ Crore

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards the funding of the following objects:

  1. To invest/ infuse funds in a newly incorporated wholly owned subsidiary namely Delta Renewable Energy Private Limited (Delta) for developing the 19.8 MW Solar Power Project in Tamil Nadu (the Phase-1 Power Project);
  2. Repayment/Pre-payment of unsecured loan availed by the company from Gamma Green Power Private Limited (GGPPL, one of the subsidiaries of the Company) & Clarion Wind Farm Private Limited (CWFPL, one of the step-down subsidiaries of the company);
  3. To lend fresh loans to GGPPL and CWFPL to facilitate them to repay/pre-pay in full or part of unsecured loans availed by them from SVL limited, one of the Corporate Promoters of the Company;
  4. Part-payment of security deposits towards contractual lease commitments of Beta Wind Farm Private Limited (BWFPL) one of the subsidiaries of the Company and;
  5. General Corporate Purposes

Orient Green Power Rights Issue 2024 Documents

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Company Contact Information

Orient Green Power Company Ltd.
Bascon Futura SV, 4th Floor, No.10/1,
Venkatanarayana Road, T. Nagar,
Chennai – 600 017

Phone: +91 444 901 5678
Email: complianceofficer@orientgreenpower.com
Website: http://www.orientgreenpower.com/

Orient Green Power Rights Issue 2024 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: rights@cameoindia.com
    Website: https://ipo.cameoindia.com/

Orient Green Power Rights Issue 2024 Lead Manager(s)

Find Orient Green Power Rights Issue 2024 Latest Update

Orient Green Power Rights Issue 2024 FAQs

The Orient Green Power Rights Issue 2024 opens on August 27, 2024, and closes on September 13, 2024.

Orient Green Power Rights Issue 2024 Schedule

Last Date for credit of Rights EntitlementsSeptember 9, 2024
Last Date for renunciation of Rights Entitlements
Issue Opening DateAugust 27, 2024
Issue Closing DateSeptember 13, 2024
Date of Allotment (on or about)September 19, 2024
Date of Credit (on or about)September 24, 2024
Date of Listing (on or about)September 27, 2024

Orient Green Power Rights Issue 2024 price is set at ₹13 per share per equity share.

The eligible shareholders are being offered 10 Rights Equity Share(s) for every 51 fully paid-up Equity Shares held on Record Date (August 13, 2024).

The record date for the Orient Green Power Rights Issue 2024 is August 13, 2024.

The issue size of Orient Green Power Rights Issue 2024 is of 192,307,692 equity shares at ₹13 per share aggregating upto ₹250.00 Crores.

The Letter of Offer for Orient Green Power Rights Issue 2024 can be download here.

You can apply for Orient Green Power Rights Issue 2024 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Orient Green Power Rights Issue 2024 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Orient Green Power Rights Issue 2024 available on the list.
  4. Click the Apply button next to the Orient Green Power Rights Issue 2024.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Orient Green Power Rights Issue 2024 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Orient Green Power Rights Issue 2024 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

2 Comments

2. Ramanand   I Like It. |Report Abuse|  Link|August 23, 2024 9:43:07 AMReply
What will be the expected opening price of GREEN POWER RE in the market on 27 Aug 24 to purchase it?
1. Murthy   I Like It. |Report Abuse|  Link|August 7, 2024 6:53:23 PMReply
Draft Letter of offer
https://www.bseindia.com/corporates/download/9925/Rights/DLOF15052024_20240522112537.pdf
1.1. YKS   I Like It. |Report Abuse|  Link|August 7, 2024 9:57:42 PM
I think this right issue will help the company to focus on solar energy subsidiary delta

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