ReNew Power IPO – Review, Allotment Status, Subscription, Price, Date & more

ReNew Power Ventures has planned to launch the initial public offerings (IPO) this year. ReNew Power Ventures headquarter is located in Gurgaon. It is an independent power producer for clean energy and the company is known for India’s one of the largest producer for renewable power. The purpose behind this IPO launch is to raise Rs 865 crore. The investors of ReNew Power Ventures are from Asian Development Bank, Abu Dhabi Investment Authority, Goldman Sachs, etc. This article provides the details about the ReNew Power IPO size, ReNew Power IPO object, background of the company, the investors and the financial performance of the company.


ReNew Power IPO Review & Ratings

ReNew Power IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.1/10
Industry Ranking8.4/10
Company Background8.0/10
Company Reputation8.1/10
Competitive Edge8.2/10
Financial Statements8.1/10
Popularity Index8.1/10
Promoters Reputation8.1/10
Retail Appetite8.1/10
Top Brokers Review8.3/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of ReNew Power IPO

ReNew Power IPOThe company Chairman and CEO – Sumant Sinha said that the company has recently installed a solar power project in Telangana with a capacity of 510 MW. The company produces clean energy with more than 3000 MW and more than 2 gigawatt assets are already commissioned. The investors of ReNew Power Ventures are from Asian Development Bank, Abu Dhabi Investment Authority, Goldman Sachs, etc. Among all the investors, Goldman Sachs is the largest shareholder. The promoters of this company might appoint JP Morgan, Yes Securities, HSBC, Kotak or Bank of America Merrill Lynch to manage this upcoming IPO.

The lead managers of the IPO and the registrar of the IPO are yet to be disclosed. The details would be included herein shortly.


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ReNew Power IPO Date

The ReNew Power IPO is expected to be in market before the end of this calendar year. The company initiated the talks and the process of draft red herring prospectus in the year 2017, so the IPO is expected to be out soon.

ReNew Power IPO Subscription

 Subscription
Day 1 X
Day 2 X
Day 3 X
Day 4 X
Day 5 X

The details of shares being subscribed would be updated on a daily basis upon release of the IPO.

ReNew Power IPO Allotment Status

The details of shares allotted against the subscription would be updated once the allotment process is completed. The details would be accordingly updated.

ReNew Power IPO Price Band

The price offered under the IPO is generally decided during the book building process. The IPO price has not been released yet. The details would be shortly updated in this section.

ReNew Power IPO Issue Size

The ReNew Power IPO size is expected to be close to Rs. 1000 crores. However, this is just an indicative number and the actual number would be updated once the IPO details are finalized by the Company. Please revisit us for the latest updates.

ReNew Power IPO Equity Share Offerings

The number of shares being sold off by the existing investors is not disclosed yet.


ReNew Power Ventures Pvt. Ltd – Company Overview

ReNew Power Ventures Pvt. Ltd is involved in the production of renewable and clean energy sources, for example – Wind and Solar energy. The company has managed to grab the attention of investors all over the globe. Few investors of this company are Overseas Private Investment Corporation (OPIC), Goldman Sachs, Abu Dhabi Investment Group, JERA, Global Environment Fund, Asian Development Bank, etc.

Within a decade, this company has emerged as one of the biggest company in India in Clean Energy sector. The main product and solutions provided by the company are windmill, utility scale solar energy and rooftop solar.

ReNew Power has now acquired Ostro Energy due to which the combined capacity might exceed to 5600 MW of green energy assets.

Below is the ReNew portfolio that shows more than 1000 MW:

StateInstalled Capacity
Gujarat25.2 MW
Karnataka110 MW
Maharashtra360 MW
Rajasthan240 MW
Madhya Pradesh210 MW
Andhra Pradesh60 MW
Telangana60 MW

Key members of ReNew Power:

Sumant Sinha is the company Chairman and CEO.

Competitive Strengths of ReNew Power

Business strategy of ReNew Power


ReNew Power – Financial Statements

The prospectus is yet to release. Revisit us for the latest updates.

A summary of the financial position of the company is presented below:

Assets of the Company

Assets (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Non-Current Asset
Current Asset
Total Asset

The details would be updated shortly.

Revenue & PAT of the Company

Revenue & Profits (in INR & Millions)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Total Revenue
Profit after Tax (PAT)

The details would be updated shortly.

Earnings per Equity Share

Earning per Equity Share (in INR)
 Mar’17Mar’16Mar’15Mar’14Mar’13
Basic
Diluted

The details would be shortly updated herein and an analysis of the same would also be presented.


ReNew Power Promoters

The details of the promoters would be shortly updated.

Promoter Interest in the company.

The details of the interest held by the promoters in the company would be updated in a few days.

Promoter Interest in property of the company

These details would be updated shortly.


ReNew Power IPO Offer Details or Issue Details

OfferThe offer is expected to be close to Rs X crores.
Of which
Issue reserved for the Market Makers
Net Issue to the public
Of which
Allotment to retail investors
Allotment to other investors
Equity Shares outstanding prior to the offer
Equity Shares outstanding after the Offer

 


ReNew Power IPO Issue Object

Will be declared and updated soon.


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ReNew Power IPO – Basis of the Offer Price

The IPO offer price is determined by the company and the lead managers by market evaluation and book building process. The price is also influenced by various qualitative and quantitative factors. Some such factors are discussed below.

The qualitative factors relevant to decide the issue price:

  • Established since long
  • Has survived a few cycles of economies
  • Collaboration with big brands

The quantitative factors relevant for the issue price are:

  • Earning per share
  • Price/earning ratio
  • Return on Net Worth
  • Net Asset Value – NAV per Equity Share

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ReNew Power IPO Lead Managers

Lead Managers
To be updated shortly

ReNew Power IPO Registrar to offer

Registrar to offer
To be updated shortly

ReNew Power IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking
Sharekhan
Kotak Securities
ICICI Direct
IIFL
Edelweiss
Zerodha
5Paisa
Karvy
Motilal Oswal

The ratings would be updated once the financials and the other details of the IPO are released.


ReNew Power IPO Grey Market Premium

Grey market for ReNew Power IPO would open 15 days before the release of the IPO.


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ReNew Power IPO News

News 1 : ReNew Power plans to raise Rs 865 crore via IPO.


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