₹230.00 Crores | Listing at BSE, NSE | Mon, Aug 28, 2023 - Fri, Sep 15, 2023
Orient Green Power Company Limited Rights Issue comprises 23.00 Cr equity shares aggregating to ₹230.00 Cr, offered at an issue price of ₹10 per share with a face value of ₹10 per share.
The record date for determining eligible shareholder is Aug 18, 2023, with the Rights Issue being offered in the entitlement ratio of 19 : 62.
The term of payment is defined as following : The entire amount of the Issue Price of ₹ 10/- per Rights Equity Share shall be payable at the time of Application.
The Rights Entitlements are expected to be credited to eligible demat accounts on [.]
The Rights Issue opens on Aug 28, 2023, and closes on Sep 15, 2023, with renunciation of Rights Entitlements permitted up to Sep 11, 2023.
The deemed date of allotment is Sep 23, 2023, following which the equity shares are expected to be credited to demat accounts on Sep 27, 2023 and listed at the NSE and the BSE on Sep 29, 2023.
GYR Capital Advisors Pvt.Ltd. is the Lead Manager to the issue and Cameo Corporate Services Ltd. is the Registrar to the Issue.
Investors are advised to refer to the Orient Green Power Company Limited Letter of Offer for detailed information, including risk factors, issue terms, and procedural details.
Record Date
Fri, Aug 18, 2023
Entitlement Ratio
19 : 62
Open Date
Mon, Aug 28, 2023
Close Date
Fri, Sep 15, 2023
The entire amount of the Issue Price of ₹ 10/- per Rights Equity Share shall be payable at the time of Application.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 1,893.25 | 1,831.06 | 1,692.11 |
| Revenue | 261.27 | 315.22 | 290.21 |
| Profit After Tax | -50.71 | 46.55 | 35.10 |
| Net Worth | 456.20 | 489.46 | 523.62 |
| Reserves and Surplus | |||
| Total Borrowing | 1,324.61 | 1,215.00 | 1,073.59 |
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.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] Though this RI is at par, inconsistent performance by the company raises concern. However, the segment in which this company is operating is set for bright prospects going forward. High equity capital may pose a servicing issue. The counter is well maintained above par value by vested interest parties. Well-informed investors may park funds in this at par offer for long-term rewards. Read detail review...
Orient Green Power Company Limited
Bascon Futura SV, 4th Floor,
No.10/1, Venkatanarayana Road,
T. Nagar, Chennai – 600 017
Chennai, Tamil Nadu, 600017
The Orient Green Power Rights Issue 2023 opens on Mon, Aug 28, 2023, and closes on Fri, Sep 15, 2023.
Orient Green Power Rights Issue 2023 Schedule
| Last Date for credit of Rights Entitlements | |
| Last Date for renunciation of Rights Entitlements | Mon, Sep 11, 2023 |
| Issue Opening Date | Mon, Aug 28, 2023 |
| Issue Closing Date | Fri, Sep 15, 2023 |
| Date of Allotment (on or about) | Sat, Sep 23, 2023 |
| Date of Credit (on or about) | Wed, Sep 27, 2023 |
| Date of Listing (on or about) | Fri, Sep 29, 2023 |
You can apply for Orient Green Power Rights Issue 2023 in two ways:
Steps to apply for Orient Green Power Rights Issue 2023 using Net Banking (ASBA)
Steps to apply for Orient Green Power Rights Issue 2023 using Registrar's website (R-WAP)
