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Orient Green Power Company Limited Rights Issue (Orient Green Power Rights Issue 2023) Detail

August 28, 2023 - September 15, 2023
Orient Green Power Company Limited Logo

Incorporated in 2006, Orient Green Power Company Limited is engaged in the business of developing, owning, and operating a diversified portfolio of renewable energy plants based on biomass, biogas wind energy, and small hydel projects.

Orient Green Power is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity. Currently, the company's portfolio includes biomass, biogas, wind energy, and small hydroelectric projects at various stages of development. As of March 31, 2023, the company's total portfolio of operating projects included 402.3 MW of aggregate installed capacity.

Orient Green Power Company has a total of 45 customers which includes 2 state-owned utilities and 43 commercial and industrial consumers.

The company recorded ₹ 25,831 lacs, ₹ 31,063 lacs, and ₹ 25,475 lacs revenues from operations for Fiscals 2023, 2022, and 2021 respectively.

Orient Green Power Rights Issue 2023 Detail

Issue Open August 28, 2023 - September 15, 2023
Security Name Orient Green Power Company Limited
Issue Size (Shares) 230,000,000
Issue Size (Amount) ₹230.00 Crores
Issue Price ₹10 per share
Face Value ₹10 per share
Listing At BSE, NSE
Terms of Payment

The entire amount of the Issue Price of ₹ 10/- per Rights Equity Share shall be payable at the time of Application.

Entitlement 19 Rights Equity Share(s) for every 62 fully paid-up Equity Shares held on Record Date

Orient Green Power Rights Issue 2023 Issue Timetable

Last Date to buy sharesAugust 17, 2023
Record Date August 18, 2023
Credit of Rights Entitlements
Bid/Offer Opens On August 28, 2023
Renunciation of Rights Entitlements September 11, 2023
Bid/Offer Closes On September 15, 2023
Deemed Date of Allotment September 23, 2023
Credit Date September 27, 2023
Listing Date September 29, 2023

Company Financials

Orient Green Power Rights Issue 2023 Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets1,893.251,831.061,692.11
Revenue261.27315.22290.21
Profit After Tax-50.7146.5535.10
Net Worth456.20489.46523.62
Reserves and Surplus
Total Borrowing1,324.611,215.001,073.59
Amount in ₹ Crore

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment of unsecured loans due from the company to Janati Bio Power Private Limited, one of the Promoters of the company,
  2. Part repayment or pre-payment of unsecured loans to Janati Bio Power Private Limited, one of the Promoters of the company availed by Bharath Wind Farm Limited, one of the wholly owned subsidiaries of the company,
  3. Repayment/ Pre-payment of certain secured loans including interest availed from lenders of the Company either in part or full,
  4. Part repayment of secured loans including interest availed from lenders by Amrit Environmental Technologies Private Limited, one of the subsidiaries of the Company,
  5. Part repayment or pre-payment of unsecured loans including interest availed from Beta Wind Farm Private Limited, one of the subsidiaries of the Company, and
  6. General Corporate Purposes.

Orient Green Power Rights Issue 2023 Documents

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Company Contact Information

Orient Green Power Company Limited
Bascon Futura SV, 4th Floor,
No.10/1, Venkatanarayana Road,
T. Nagar, Chennai – 600 017

Phone: +91 444 901 5678
Email: complianceofficer@orientgreenpower.com
Website: http://www.orientgreenpower.com/

Orient Green Power Rights Issue 2023 Registrar

  1. Cameo Corporate Services Limited
    Phone: +91-44-28460390
    Email: cameo@cameoindia.com
    Website: https://ipo.cameoindia.com/

Orient Green Power Rights Issue 2023 Lead Manager(s)

Orient Green Power Rights Issue 2023 FAQs

The Orient Green Power Rights Issue 2023 opens on August 28, 2023, and closes on September 15, 2023.

Orient Green Power Rights Issue 2023 Schedule

Last Date for credit of Rights Entitlements
Last Date for renunciation of Rights EntitlementsSeptember 11, 2023
Issue Opening DateAugust 28, 2023
Issue Closing DateSeptember 15, 2023
Date of Allotment (on or about)September 23, 2023
Date of Credit (on or about)September 27, 2023
Date of Listing (on or about)September 29, 2023

Orient Green Power Rights Issue 2023 price is set at ₹10 per share per equity share.

The eligible shareholders are being offered 19 Rights Equity Share(s) for every 62 fully paid-up Equity Shares held on Record Date (August 18, 2023).

The record date for the Orient Green Power Rights Issue 2023 is August 18, 2023.

The issue size of Orient Green Power Rights Issue 2023 is of 230,000,000 equity shares at ₹10 per share aggregating upto ₹230.00 Crores.

The Letter of Offer for Orient Green Power Rights Issue 2023 can be download here.

You can apply for Orient Green Power Rights Issue 2023 in two ways:

  1. Net Banking (ASBA)
  2. Registrar's Website (R-WAP Facility)

Steps to apply for Orient Green Power Rights Issue 2023 using Net Banking (ASBA)

  1. Log in to the net banking account of your bank.
  2. Go to the 'IPO & Rights Issue' section.
  3. Check if the Orient Green Power Rights Issue 2023 available on the list.
  4. Click the Apply button next to the Orient Green Power Rights Issue 2023.
  5. Fill and check your information.
  6. Submit the application.

Note: Your bank may not offer this facility to certain rights issues. In that case, you may have to choose the option below.

Steps to apply for Orient Green Power Rights Issue 2023 using Registrar's website (R-WAP)

  1. Visit registrar's website
  2. Go to the 'Rights Issue' section
  3. Select Orient Green Power Rights Issue 2023 from the dropdown.
  4. Enter Demat Account Number.
  5. Fill the online application form.
  6. Validate and submit the application.

17 Comments

17. Ajay Aggarwal     Link|December 26, 2023 8:28:46 PM
I have 2000 Green Power Shares in my account . I had also purchased 1000 at the time of RE. Due to unawareness I didn't paid balance payment. Now how can I pay balance payment that can RE convert in demat
17.1. vinod kumar gupta     Link|January 13, 2024 5:54:11 PM
IF YOU NOT APPLIED RE UPTO LAST DATE, YOU LOST YOUR MONEY
16. Telagathoti ramaraju     Link|October 29, 2023 7:49:57 PM
I buy 1000 re shars in nse i get 30 rights eligibility but isell my old shares next few days. Idont known how toapply. Howto get my re shars in my demat account what's i do.
15. manjit     Link|October 27, 2023 4:23:48 PM
I have 1000 qty of shares how i can sell this
14. Brijgopal Kushwaha     Link|September 29, 2023 3:29:39 PM
Brijgopal Kushwaha
I had applied for right issue of Orient Green Power and shares were supposed to credit in demat account by 27.09.23. But till today I have received no message and shares are not credited. Please suggest what to do?
13. ABDUL MARUF MOLLA     Link|September 27, 2023 4:39:09 PM
I have applied for 50 rights issue shares using my pnb asba account dated 14.09.2023 in place of eligible 6. But I don't know any status till now. So what should I do now?
12. Sandeep kumar     Link|September 27, 2023 9:45:24 AM
Hello sir
Mere pass abhi tak 557 shear hi profile may show kar rha hi but add nhi ho rhe meri detail may
11. Newbiee     Link|September 26, 2023 2:10:44 PM
I applied for 900 shares using asba and got all 900
Let me know where it will get credit. ?
10. Sneha Revankar     Link|September 20, 2023 4:11:11 PM
i had purchased 5000 RE from market @ Rs. 2.70 ... how did I pay rest of amount. i had 1000 shares of Orient green in my DP.
10.1. Dipesh     Link|September 20, 2023 5:31:34 PM
Bid/Offer Closed On September 15, 2023
10.2. Prabhas     Link|September 25, 2023 10:49:57 AM
I have applied for 700 rights issue shares in place of eligible 122. Allotted 700. Good profit@present market value
9. JAYCEE     Link|September 23, 2023 2:32:15 PM
@VP CAMEO when will the rights be alloted?
9.1. Sriram     Link|September 23, 2023 6:53:11 PM
http://cambridge.cameoindia.com/Module/Right_Status.aspx


U can track here
8. Amit Bansal     Link|September 18, 2023 11:23:11 AM
I have purchased 3500 shares under this at the market rate of 2.91. What is the further process? I am new to this...
7. Bunty     Link|September 15, 2023 4:40:38 PM
Till when we can apply on 15 Sept for right issue
6. Pramod     Link|September 13, 2023 11:12:34 PM
Can someone please tell how to check final entitlement as i have bought few GREEN-RE from secondary market. Thanks in advance.
5. Arwin     Link|September 9, 2023 2:50:46 PM
I'm trying to understand RE. How do I buy or sell them using Zerodha? Please advise.
4. ANTHONY TORRES     Link|September 8, 2023 2:53:08 PM
306 shares are already in my Axis demat account, How do I make the payment, can you please advice.
4.1. Amit Surana     Link|September 9, 2023 10:51:37 AM
Eligible Shareholder can apply in Right Issue just like IPO .. via ASBA or can submit manual form with bank.

(q) Only Eligible Equity Shareholders who are eligible to subscribe for Rights Entitlement and Rights Equity Shares in their respective jurisdictions under applicable securities laws are eligible to participate.
(r) Only the Investors holding Equity Shares in demat form or the Physical Shareholders who furnish the details of their demat accounts to the Registrar not later than two Working Days prior to the Issue Closing Date i.e., Wednesday, September 13, 2023, are eligible to participate in the Issue. In accordance with the SEBI Master Circular, the Eligible Equity Shareholders, who hold Equity Shares in physical form as on Record Date and who have not furnished the details of their demat account to the Registrar or our Company at least two Working Days prior to the Issue Closing Date i.e., Wednesday, September 13, 2023, shall not be eligible to apply in this Rights Issue.
(s) Please note that ASBA Applications may be submitted at all designated branches of the SCSBs available on the SEBI website at https://www.sebi.gov.in/sebiweb/other/OtherAction.do?doRecognised=yes, updated from time to time, or at such other website as may be prescribed by SEBI from time to time.
(t) Investors are required to ensure that the number of Rights Equity Shares applied by them do not exceed the investment limits or maximum number of Equity Shares that can be held by them prescribed under applicable law.
(u) The Investors shall submit only one Application Form for the Rights Entitlements available in a particular demat account. In case of Investors who have provided details of demat account in accordance with the SEBI ICDR Regulations such Investors will have to apply for the Rights Equity Shares from the same demat account in which they are holding the Rights Entitlements and in case of multiple demat accounts; the Investors are required to submit the Application Form separately from each demat account.
4.2. KARTHIKEYAN T     Link|September 9, 2023 12:16:05 PM
If axis direct does not provide rights issue application, then try with some other bank with your existing dp id, client id and apply ji
3. suman jain     Link|September 5, 2023 8:33:26 PM
I want to apply right issue how can I apply online
3.1. KARTHIKEYAN T     Link|September 9, 2023 12:14:02 PM
Check the slot in the bank which provide demat service to you. Or else use same dp id, client id and try with some other bank like ICICI, HDFC, Kotak which are showing rights issue option
2. Vikalp Sharma     Link|September 7, 2023 6:20:35 PM
I cannot see this in Axis Direct Website IPO Section. How to apply for it.
2.1. KARTHIKEYAN T     Link|September 9, 2023 12:11:52 PM
Check with ICICI , HDFC or Kotak Bank ASBA. I have applied through ICICI. Even though your axis account linked with axis direct, with same DP id, Client id you can apply in other bank ASBA.
1. Vipin Bajaj     Link|August 30, 2023 3:17:53 PM
I am eligible for 76 rights issue shares . Can I apply for more qty of right issues ?
1.1. Tanveer Ahmad     Link|September 7, 2023 12:11:02 PM
Yes you can ...
And but allotment is subject to stocks available after eligible shareholders

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