Bajaj Energy Limited
Bajaj Energy Limited
Founded in 2008 in Uttar Pradesh, India, BEL is one of India’s largest private-sector power and thermal generation companies. There are 450-megawatt coal-based thermal power plants owned by BEL across 5 locations in India. Further, BEL is working to increase its demand in the market. To fulfill this purpose, BEL plans to launch its IPO.
Objectives of the IPO
- Repayment of the company’s debt
- Common corporate purposes
- They are planning to buy 6,99,36,900 equity shares of Lalitpur Power Generation Corporation from Bajaj Hindustan Sugar and Bajaj Power Ventures Private Limited.
IPO Financials (Amt. in Millions)
|
Financial Year |
Total Assets |
Total Income |
Profit After Taxation |
|
FY 2018 |
Rs. 34,741.55 |
Rs. 8,976.25 |
Rs. 416.82 |
|
FY 2017 |
Rs. 36,840.97 |
Rs. 14,058.76 |
Rs. 882.50 |
|
FY 2016 |
Rs. 35,900.48 |
Rs. 14,070.99 |
Rs. 1,028.35 |
IPO Details
|
Opening Date |
To be updated |
|
Closing Date |
To be updated |
|
Face value |
Rs.10 per equity share |
|
Minimum order quantity |
To be updated |
|
IPO Price Band |
To be updated |
|
Issue Size |
Rs. 5,450 crore |
