IPO Details
Bidding Dates
01 Jan 70 - 01 Jan 70
Lot Size
Nil
Price Range ₹
Nil
Exchange Status
N/A
Total Equity
₹ 0.00 Cr
IPO Doc
IPO Timeline
Offer start
--
Offer end
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Listing
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Allotment
19 Jul 2023
Refund initiation
19 Jul 2023
Demat transfer
19 Jul 2023
Offer start
--
Offer end
--
Listing
--
Allotment
19 Jul 2023
Refund initiation
19 Jul 2023
Demat transfer
19 Jul 2023
About Company
Bajaj Energy Ltd. (BEL) and Lalitpur Power Generation Company Ltd. (LPGCL) are leading private-sector thermal generation companies operating in Uttar Pradesh, India. Their primary focus lies in the development, financing, and operation of thermal power plants. BEL possesses a total installed capacity of 2,430 MW, with 450 MW generated by its five coal-based thermal power plants located across five sites in Uttar Pradesh. These plants, known as the "BEL Power Plants," contribute significantly to BEL's overall capacity. Additionally, LPGCL owns and operates a power plant with a capacity of 1,980 MW, referred to as the "LPGCL Power Plant."In the pursuit of expansion and leveraging the proceeds obtained from the IPO offer, BEL intends to acquire LPGCL completely in the future. This strategic move is aimed at further enhancing BEL's market presence and reinforcing its position in the thermal power generation sector. The successful acquisition of LPGCL will consolidate BEL's assets, expertise, and operational capabilities, enabling them to effectively meet the growing demand for thermal power in Uttar Pradesh and contribute to the state's energy requirements.
Year Founded
27-06-2008
Promotor Details
Highlights
- As a well-positioned company in Uttar Pradesh, we capitalize on the state's demand with Central Coal Fields Ltd. as our principal fuel supplier.
- Our assets are exclusively located in Uttar Pradesh, one of India's largest and densely populated states.
- With all assets situated in Uttar Pradesh, we operate in one of India's largest and most densely populated states.
- Based on the 2019 draft red herring prospectus, our operational power plants have a gross capacity of 2,430 MW.
- They are one of the largest independent power producers in Uttar Pradesh.
Challenges
- The majority of our income comes from selling electricity to Uttar Pradesh Power Corporation Ltd. (UPPCL).
- According to the DRHP, LPGCL has encountered tariff payment disputes with UPPCL and has previously defaulted on loan agreements.
- Despite having long-term agreements, BEL faces fuel supply risks as it relies on coal from Coal India subsidiaries.
- The operational risks include potential environmental damage and the impact of inadequate infrastructure on coal delivery.
- Financial outcomes are susceptible to changes based on seasonal patterns and fluctuations.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2018 | 34,741.55 | 411.75 | 1,028.35 | 1,028.35 | 24.9751 |
| 2019 | 3,66,542.88 | 45,292.50 | 882.50 | 1,077.12 | 26.1596 |
| 2020 | 3,61,254.38 | 45,292.50 | 10,330.68 | 23,776.02 | 5.2494 |
| 2017 | 36,840.97 | 411.75 | 10,330.68 | 23,776.02 | 5.2494 |
| 2021 | 3,77,385.20 | 45,292.50 | 882.50 | 1,077.12 | 26.1596 |
