Let’s have a detailed review of the company and analytics of the Bajaj Energy IPO release date, IPO offer price, subscription, Bajaj Energy IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face ValueRs 10
Price BandNA
Listing AtBSE SME
Min. Order QuantityNA
Listing Date NA
Offer for SaleRs [●] Lakhs
Fresh IssueRs [●] Lakhs
IPO SizeRs [●] Lakhs
Tick SizeRs.1

Bajaj Energy IPO is listed at [●] premium. Check out the live share price by clicking on the below link.


Summary of Bajaj Energy IPO

Bajaj Energy IPOBajaj Energy Limited is one of the largest private sector thermal generation companies in Uttar Pradesh. Initial Public Offering Upto [●] Equity Shares aggregating up to Rs. 54,500 million. Purchase of 69,936,900 equity shares of face value of ₹ 10 each of LPGCL (“LPGCL Shares”) from BPVPL and BHSL.

The Promoters of this company are Shishir Bajaj, Minakshi Bajaj, Kushagra Bajaj and ApoorvaBajaj. The lead manager to the issue is Edelweiss Financial Services Limited, IIFL Holdings Limited, SBI Capital Markets Limited, IDBI Capital Markets & Securities Limited and the Registrar to this issue is Link Intime India Private Limited.


Bajaj Energy IPO Date

The opening and the closing date of Bajaj Energy IPO is not known yet.

Check out Related IPO Links:

Bajaj Energys IPO GMP
Allotment of Bajaj Energys IPO

Bajaj Energy IPO Subscription

Day / DateQIBNIIRIITotal Subscription
1st Day – 
2nd Day – 
3rd Day – 
4th Day – 
5th Day – 
Shares Offered or Net Issue

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.


Bajaj Energy IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Basis of Allotment Finalization
Refunds Initiation
Credit of Shares to Demat Account
Share Listing Date

Bajaj Energy IPO Price Band / Cash Price

The face value of each share is Rs 10, but the price band of the IPO is Rs.[●]


Bajaj Energy IPO Equity Size

This Initial Public Issue of [●] Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] Lakhs.


Bajaj Energy IPO Share Offering

Fresh Issue: The Fresh Issue of [●] Eq Shares by their Company, aggregating to Rs.[●] Lakhs,

Issue Size: [●] Eq Shares of Rs.10 each, aggregating to Rs.[●] Lakhs

Offer for Sale: Offer for sale consists of Up to [●] Eq Shares of face value of Rs.10 each, aggregating Rs.[●] Lakhs.


Bajaj Energy IPO – Live Performance

The listing date of this IPO is [●]. You can check the live performance of the IPO here, only after it is listed on exchanges.


Bajaj Energy IPO Grey Market Premium

The Bajaj Energy Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


Bajaj Energy Limited – Company Overview

Bajaj Energy Limited was originally incorporated as Bajaj Energy Private Limited on August 1, 1988 under the provisions of Companies Act, 1956 vide certificate of incorporation issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli. Our Company was subsequently converted in to a public company and consequently name was changed to Bajaj Energy Limited.

Bajaj Energy along with LPGCL

It is one of the largest private sector thermal generation companies in Uttar Pradesh (Source: CRISIL Research). We have a track record of developing, financing and operating thermal power plants in India.

They have 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”),

BEL and LPGCL has 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.

BEL Power Plants

It have been fully operational since 2012 and possess an operational track record of more than six years. For the years ended March 31, 2016, 2017 and 2018.

For the nine-month period ended December 31, 2018 and the years ended March 31, 2016, 2017 and 2018, BEL on a consolidated basis generated a total income of Rs. 7,220.51 million, Rs. 14,070.99 million, Rs. 14,058.76 million and Rs. 8,976.25 million, respectively, and a profit/(loss) of Rs. 395.64 million, Rs. 1,028.35 million, Rs. 1,077.12 million and Rs. (33.95) million, respectively.

The average plant availability factor percentage (which is a measure of the frequency at which a power plant is available to generate power) of the BEL Power Plants was approximately 85.52%, 85.48% and 87.12%, respectively.


Bajaj Energy Limited – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Bajaj Energy IPO Financial Summary

On the basis of Standalone statement:-

Amount (in INR & million) 
30-Dec-1830-Dec-1731-Mar-1831-Mar-1730-Mar-16
Total Assets
6,201.77
35,399.4734,741.5536,840.9735,900.48
Total Revenue
7,220.51
6,542.468,976.2514,058.7614,070.99
Total Expense
6,765.64
6,242.94
8,493.1713,247.8612,568.24
Profit After Tax
47.52
(101.16)(20.72)1,050.891,026.79

Earnings per Equity Share (in million)

31-Mar-1831-Mar-1731-Mar-16
Basic & Diluted14.6614.9813.42

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements

  • BEL’s total income for the years ended March 31, 2016, 2017 and 2018, and the nine-month periods ended December 31, 2018 and December 31, 2017 was Rs. 14,070.99 million, Rs. 14,058.76 million and Rs. 8,976.25 million, and Rs. 7,220.51 million and Rs. 6,542.46 million, respectively.
  • LPGCL’s total income for the years ended March 31, 2016, 2017 and 2018, and the nine-month periods ended December 31, 2018 and 2017 was Rs. 3,127.44 million, Rs. 31,229.64 million and Rs. 53,573.24 million, and Rs. 41,318.42 million and Rs. 41,550.56 million, respectively.
  • The net asset value per Equity Share was Rs. 34.26 and Rs. 34.02 as of December 30, 2018 and March 31, 2017, respectively, as per the Restated Financial Statements 
  • The net worth of the company as on March 31, is  Rs. 4,11,75,000 million as per the Restated Ind AS Consolidated Summary Statement of Assets and Liabilities.
  • Company’s profit after tax increased by 32.4%, to Rs. 359.40 million in the nine months ended December 31, 2018 from Rs. 271.44 million in the nine months ended December 31, 2017.

Bajaj Energy IPO – Promoters

The Promoters of this company are:

  • Shishir Bajaj,
  • Minakshi Bajaj,
  • Kushagra Bajaj
  • Apoorva Bajaj

List of Related Parties (Key Managerial Personnel)

  • Govind Maheshwari – Chief Financial Officer
  • Hitesh P Kanani – Compliance officer & CS

Business strategies of Bajaj Energy Limited:

  • Continued expansion of portfolio
  • Enhance productivity and operational efficiencies
  • Optimizing the value of our asset portfolio through an efficient capital structure

Bajaj Energy IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered 
Up to [●] Equity Shares aggregating up to Rs. 54,500 million
 Of which:
Fresh IssueUp to [●]Equity Shares aggregating up to Rs. 51,500 million
Offer for SaleUp to [●] Equity Shares aggregating up to Rs. 3,000 million by the Promoter Selling Shareholder
 QIB PortionUpto 3,38,000 Equity Shares of face value of Rs.10/- 
 Of which
Anchor Investor Portion
Up to [●] Equity Shares
Balance available for allocation to QIBs other than Anchor Investors (assuming Anchor InvestorPortion is fully subscribed [●] Equity Shares
 Of which
Available for allocation to Mutual Funds only (5%of the QIB Portion (excluding the Anchor InvestorPortion)
[●] Equity Shares
Balance of QIB Portion for all QIBs including Mutual Fund
Non- Institutional Portion
Not more than [●] Equity Shares
Retail Portion
Not more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue452,925,000 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Bajaj Energy IPO Issue Object

These are the IPO Issue Objects of the company:

  • Funding the Working Capital requirements of the Company:
  •  Repayment/ pre-payment of certain unsecured loans availed from banks and financial institutions by the company

Bajaj Energy IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

  • one of the largest independent power producers in Uttar Pradesh with long-term, regulated PPAs with a take-or-pay feature;
  • a secured fuel supply;
  • successful track record of developing, financing and operating thermal power plants;
  • well-positioned to capitalize on the growth and demand of Uttar Pradesh’s power industry;
  • established management team with extensive operational experience.

The relevant quantitative factors are:

Basic & Diluted EPSRONW in %NAV (Rs.)
31-Mar-162.278.9443.06
31-Mar-172.388.5649.96
31-Mar-18(0.07)(0.27)
314.15
  • Competitive Peers of Bajaj Energy Limited

Below are the top competitors:

Sr. No. ParticularsFace Value  (in Rs.)Basic EPS (In Rs.)Diluted EPS (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
1Bajaj Energy Limited10(0.07)(0.07)[●]17.97305
2
Adani Power Limited
10(5.42)(5.42)(8.87)2.29
3
Tata Power Limited
18.748.7418.918.1152.36
4
NTPC
Limited
1012.7912.7910.5910.91116.78
5JSW Limited100.480.48152.50.7866.40
Torrent Power Limited
1019.6119.6113.3513.37148.22

Bajaj Energy IPO Lead Managers

Lead Managers
Edelweiss Financial Services Limited
IIFL Holdings Limited
SBI Capital Markets Limited
IDBI Capital Markets & Securities Limited

Bajaj Energy IPO Registrar to offer

Registrar to the Offer
Link Intime India Private Limited
C-101, 1st floor, 247 Park
Lal Bahadur Shastri Marg Vikhroli (West)
Mumbai 400 083
Te l: +91 22 4918 6000
E-mail: bajajenergy.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Gopalkrishnan

Other Details:

  • Statutory Auditor – R. S. Dani & Company, Chartered Accountants and BSR & Co. LLP
  • Peer Review Auditor – R. S. Dani & Company, Chartered Accountants and BSR & Co. LLP
  • Bankers to the Company – Allahabad Bank, Corporation Bank, IDBI Bank, Canara Bank, Punjab National Bank


Bajaj Energy IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Bajaj Energy IPO News

News 1 – IPO ISSUE OPENS SOON [Download Prospectus]


Bajaj Energy IPO Review FAQs

Ques – What is the Issue Size of Bajaj Energy IPO?

Answer – The Company is making an initial public offer of NA equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on fresh issue, Offer for sale, and the net issue.

Ques – What is the Price band?

Answer – The price band for this particular IPO ranges between NA. As far as the face value of the share is of concern, it is Rs.10 per share.

Ques – What is the Bajaj Energy IPO Open Date?

Answer – The opening and closing date for the IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.

Ques – What is the IPO Allotment Date?

Answer – We also have the news regarding the respective allotment dates. Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA and share listing date is on NA.

Ques – What is the IPO Listing Date?

Answer – Shares of this company shall be listed in the exchanges NA. Date when the listing would be done is stagnant on NA.

Ques – Who is the Registrar of this IPO?

Answer – One of the reputed registrars are managing the issue of this IPO, i.e. NA. Their website will help you regarding the further information you are on a lookout for.

Ques – Who is the Promoter of this Company?

Answer – Here are the promoters of this company – NA. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.

Ques – What is GMP of Bajaj Energy IPO?

Answer – We have obtained the GMP of this IPO and it is NA. The further insights of Kostak rate and subject to sauda or SS are as well included in this report.

Ques – Is Bajaj Energy IPO good for Investment?

Answer – We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.

Ques – What is the PAT of this Company?

Answer – We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the financial year 2020 in Lakhs is NA, 2019 is NA, 2018 is NA. PAT from Sep 2020 is NA.


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