Shera 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 |
