Bajaj Energy Limited
IPO Size
`5,450 Cr
Price Band
NA
Minimum Lot Size
NA
Face Value
`10 Per Share
Employee Discount
NA
Retail Allocation
NA
Issue Open Date
NA
Issue Close Date
NA
Listing Date
IPO Size
Price Band
Minimum Lot Size
Face Value
Employee Discount
Retail Allocation
Issue Open Date
Issue Close Date
Listing Date
About the Company:
Bajaj Energy along with LPGCL is one of the largest private-sector thermal generation companies in Uttar Pradesh. The company has a track record of developing, financing, and operating thermal power plants in India. The power company has a total gross installed capacity of 2,430 MW, comprising 450 MW from five operational plants of 90 MW each, owned and managed by BEL (the "BEL Power Plants") and 1,980 MW from the power plant owned and managed by LPGCL (the "LPGCL Power Plant"), which Bajaj Energy intends to wholly acquire from the proceeds of the Offer (the "LPGCL Acquisition").
BEL and LPGCL have each entered into long-term fuel supply agreements with Central Coal Fields Limited, a subsidiary of Coal India Limited, for the supply of coal to the BEL Power Plants and the LPGCL Power Plant. Additionally, LPGCL has also entered into fuel supply agreements with other subsidiaries of Coal India Limited for the supply of coal.
Outstanding Litigation:
| S.No. | Company | Directors | Promoters | |||
| Entity Name | By the Company | Against the Company | By the Director | Against the Director | By the Promoter | Against the Promoter |
| Criminal cases | 1 | - | - | - | - | 7 |
| Material civil cases | 1 | 5 | - | - | - | - |
| Taxation matters | - | - | - | - | - | 2 |
| Regulatory Proceedings | - | - | - | - | - | - |
Financial Statements:
| Income Statement(in Milllions) | Dec'2018 | FY18 | FY17 | FY16 |
| Gross Operating Income | 7,220.51 | 8,976.25 | 14,058.76 | 14,070.99 |
| Cost of Employee & Inventory | 355.66 | 381.48 | 472.41 | 443.82 |
| Other Expenses | 3,849.10 | 4,562.36 | 9,076.68 | 8,134.76 |
| EBITDA | 3,371.41 | 4,413.89 | 4,982.08 | 5,936.23 |
| Depreciation | 1,127.66 | 1,498.94 | 1,507.94 | 1,512.39 |
| Finance Cost | 1,788.88 | 2,431.87 | 2,663.24 | 2,921.09 |
| Profit Before Tax | 454.87 | 483.08 | 810.90 | 1,502.75 |
| Tax | 95.47 | 66.26 | -71.60 | 474.40 |
| Profit After Tax | 395.64 | -33.95 | 1,077.12 | 1,028.35 |
Bajaj Power Ventures Private Limited
• Adani Power limited • Tata Power Limited • NTPC Limited • JSW Energy Limited • Torrent Power Limited
The proceeds from the sale of shares under the offer for sale worth Rs300 cr will not be received by the company.
Net proceeds from the sale of fresh shares worth Rs5,150Cr will be utilized for the following objectives • Purchase of 69,936,900 equity shares of the face value of ₹ 10 each of LPGCL (“LPGCL Shares”) from BPVPL and BHSL • General corporate purposes.