Orient Green Power Company IPO to garner Rs 900 crores

The Initial Public Offering of Orient Green Power Company Limited has opened for subscription by investors from September 21, 2010. The company has come with an issue of equity shares of Rs. 10/- each aggregating to Rs. 9000 million. (including anchor portion of 2,45,45,375 shares).

The company has come with the issue at a price band of Rs. 47 to Rs. 55 per equity shares through 100% book building process. The issue closes for subscription on September 23, 2010 for QIB bidders and on September 24, 2010 for others.

The Minimum Order Quantity is 125 equity shares and in multiples of 125 equity shares. The Maximum Subscription Amount for Retail Investor is Rs.100000.

The Rating Agency CRISIL LIMITED has assigned IPO Grading of CRISIL IPO Grade 4.

JM Financial Consultants Private Limited, Goldman Sachs (India) Securities Private Limited, UBS Securities India Private Limited and Axis Bank Limited are the Book Running Lead Managers to the IPO. JM Financial Consultants Private Limited is the Syndicate Member to the issue.

Link Intime India Private Limited is the registrar to the company.

Source : Equity Bulls

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