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

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