Bajaj Energy Ltd. IPO
Price Band
₹ – ₹
Lot Size
Minimum Bid Quantity
Not Announced
Minimum Investment
₹0
Issue Size
₹0Cr
Opens
Closes
Listing
Not Announced
IPO Details
Issue Type
EQUITY
Face Value
₹0
Tick Size
1
ISIN
BAJAJENERISIN123
Pre-Apply Available
No
Daily Bidding Time
10:00:00 - 17:00:00
About the Company
Bajaj Energy Ltd. (BEL) and Lalitpur Power Generation Company Ltd. (LPGCL) are among the largest private-sector thermal generation companies in Uttar Pradesh. The company develops, finances and operates thermal power plants in India. BEL has 450 megawatt coal-based thermal Power plants across 5 locations in Uttar Pradesh. Bajaj Energy's total gross installed capacity is 2,430 MW. This comprises 450 mega-watts from 5 plants, owned and managed by BEL (the "BEL Power Plants"), and 1,980 MW from the power plant owned and operated by LPGCL (the "LPGCL Power Plant"). BEL intends to acquire LPGCL completely in future using the proceeds it receives from the IPO offer.
Pros
- • One of the largest independent power producers in Uttar Pradesh.
- • Principal fuel supplier is Central Coal Fields Ltd., a subsidiary of Coal India Ltd.
- • Well-positioned in Uttar Pradesh to capitalise on the state's demand.
Cons
- • Most of the income is derived from electricity sales to one customer: Uttar Pradesh Power Corporation Ltd. (UPPCL).
- • As per DRHP, LPGCL is involved in disputes with UPPCL for tariff payment.
- • Has not been compliant with certain loan agreements in the past resulting in default
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