Orient Green Power IPO

Renewable energy OGPL (Orient Green Power IPO) announced its IPO open Sep 21, 2010 and would remain open for subscription up to Sep 24, 2010. “Orient Green Power Ltd” raise nearly Rs 900.00 Crore -via the initial public offering issue, The price band of the issue is Rs.47 (lower level) to Rs.55 (higher level).

“OGPL” Firm an associate firm of Shriram EPC is involved in owning, operating and developing a varied portfolio of renewable energy plants depending on biogas, wind energy, biomass, as well as small hydel projects.

Orient Green Power is a biggest self-sufficient operator as well as developer of renewable energy plants based on aggregate installed capability. Presently firm’s portfolio consists ofenergy projects 152.6 Mega Watt of wind energy projects and 40.5 Mega Watt of biomass projects at various stages of development. At the time of March 31, 2010, Orient Green Power limited entire portfolio of running projects are 193.1 Mega Watt.

The firm is employed in the building of numerous projects in Tamil Nadu, Maharashtra, Andhra Pradesh,Madhya Pradesh and Rajasthan for producing 73.5 Mega Watt utilising bio-mass. Company has intends to invest about Rs 4,000 crore for raising the capability to 1,000 MW by March 2013,

Face Value; Rs.10
Tick Size;
Minimum Order Qty: 125
Market Lot: 125
Issue Type is Book Building ipo.

IPO Grade for Orient Green Power Limited

CRISIL allocated IPO grade ‘4/5’ to the IPO of Orient, this shows that the fundamentals of the issue are above average to other listed equities.

This is a good stock for subscrip it will bull up to Rs 70 price level by vm.venkatesh


Conduct details

Address: Third Floor, Egmore Benefit Society Building,25 Flowers Road,Chennai 600 084, Tamil Nadu
Phone number; 91 44 4542 8801  Fax detail;. 91 44 4542 8804
Email address; complianceofficer@orientgreenpower.com
Website Url; www.orientgreenpower.com

Book Running Lead Manager

Axis Bank Limited, Goldman Sachs (India) Securities pvt Ltd
JM Financial Consultants Pvt Ltd, UBS Securities India Private Ltd are the Book Running Lead Managers for . Orient Green Power ltd.

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