Bajaj Energy Limited IPO:Issue Date, Price, Lot Size, Review & Details -Motilal Oswal

Bajaj Energy Limited IPO

Opening Date

To Be Announced

Closing Date

To Be Announced

Face Value

Rs. 10 per equity share

IPO Price Band 

To Be Announced

Minimum Order Quantity

To Be Announced

Issue Size 

Rs. 5,450 crores

 

Bajaj Energy Limited, part of the Bajaj Group of companies, had filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) back in the year 2019. However, due to the widespread nature of the COVID-19 pandemic, the company had to push its plans of going public. 

But now, Bajaj Energy Limited is planning to get the ball rolling once again and is likely to continue with its efforts to push the public issue through. If the upcoming IPO from Bajaj Energy Limited is something that you might be interested in, then here’s what you need to know. 

About Bajaj Energy Limited 

Incorporated in the year 2008, Bajaj Energy Limited has its headquarters in the city of Mumbai. The company is into generation of electricity through thermal power plants spread across multiple locations in Uttar Pradesh. In fact, Bajaj Energy Limited is one of the largest private sector thermal power generation companies in the state of Uttar Pradesh. 

The total installed power generation capacity of the company stands at around 2,430 MW, with plans on expanding the capacity even further in the near future. For the purposes of securing fuel supply to the company, Bajaj Energy Limited has inked a formal long-term agreement with Central Coal Fields Limited.

  • Bajaj Energy IPO details    

Now that you’re aware of the company and its primary business, here’s a few of the key details of its latest IPO such as the date, and share price, among others.  

  • Bajaj Energy IPO date

Since the company has only filed its Draft Red Herring Prospectus with the SEBI till date, there hasn’t been any information regarding the opening and closing dates of the upcoming IPO. More information regarding the same might come to light once the final Red Herring Prospectus is filed by Bajaj Energy Limited. 

  • Bajaj Energy IPO issue size

The total issue size of Bajaj Energy Limited’s IPO is slated to be around Rs. 5,450 crores. This issue includes both an Offer for Sale (OFS) from the company’s promoters as well as fresh issue of shares. The size of the OFS component of the issue comes up to about Rs. 300 crores, whereas the remaining Rs. 5,150 crores would be generated out of fresh issue of shares. 

  • Bajaj Energy IPO share price

As with the Bajaj Energy Limited IPO date, the price band has also not been determined as of yet. With the submission of the final RHP with SEBI, more information regarding the same is likely to come to light. 

  • Bajaj Energy IPO listing 

This latest IPO issue from Bajaj Energy Limited is proposed to be listed on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). 

  • Bajaj Energy IPO objectives 

The company has stated in the DRHP that it plans to use the proceeds from this IPO issue towards the purchase of around  6,99,36,900 equity shares of Lalitpur Power Generation Company Limited from Bajaj Power Ventures Private Limited and Bajaj Hindusthan Sugar Limited. The remaining funds, if any, would be used for general corporate purposes. 

Conclusion

To apply for this upcoming IPO, it is mandatory to possess a demat account. To open a demat account, simply visit the website of Motilal Oswal. In addition to a demat account, you can also open an online trading account as well. 

 

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