Price Band: 240-255
Offering: 3, 46, 11, 000 equity shares of face value Rs 10 each.
Promoter Holding: 61.39 %
Pre- IPO placements have been subscribed by the following Investors:
1. Macquarie Bank Limited
2. Tree Line
3. GE Capital International (
4. Universities Superannuation Scheme Limited,
5. IDFC limited
6. Axis Bank, Limited.
About the Company
The Company has 3 power projects under development and 5 are planned in future for an aggregate capacity of 8300 Mega Watt of power. KSK Energy Ventures has operational power plants capable of generating up to 145 Mega Watt of power and power projects under construction that are capable of generating an aggregate of 675 Mega Watt power. It has entered into multiple Power Purchase Agreements with captive consumers.
Our View: Neutral to Negative. Subscribe lowest quantity.
One can subscribe for listing gains. Investors will have to hold for at least 2 years, till the projects are commissioned.
Disclaimer: The views and investment tips expressed by S K Investments are their own. We advise users to check with certified experts before taking any investment decisions. Most of the suggestions are for study purposes only. Opinions and suggestions are given with the understanding that readers acting on this information assume all risks involved.
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