ReNew Power IPO – Review, Allotment Status, Subscription, Price, Date & more
Last Updated Date: Aug 23, 2022Let’s have a detailed review of the company and analytics of the ReNew Power IPO release date, IPO offer price, subscription, ReNew Power Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
| Face Value | Rs 10 |
| Price Band | Rs NA |
| Listing At | BSE, NSE |
| Min. Order Quantity | NA |
| Listing Date | NA |
| Offer for Sale | Rs NA MILLION |
| Fresh Issue | Rs NA MILLION |
| IPO Size | Rs NA MILLION |
| Tick Size | NA |
ReNew Power IPO is listed at NA% premium, check out the live share price by clicking on the below link.
Summary of ReNew Power IPO
The 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 Promoter of this company is NA. The lead managers to the issue are NA, and the Registrar to this issue is NA
ReNew Power IPO Date
The opening and the closing date of IPO of ReNew Power Limited is not provided yet.
ReNew Power IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – | ||||
| 2nd Day – | ||||
| 3rd Day – | ||||
| Shares Offered or Net Issue |
The details of shares being subscribed would be updated on a daily basis upon release of the IPO.
ReNew Power Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders.
However, the Allotment status is not yet disclosed.
ReNew Power Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing and more:
| Basis of Allotment Finalization | – |
| Refunds Initiation | – |
| Credit of Shares to Demat Account | – |
| Share Listing Date | – |
ReNew Power IPO Price Band / Cash Price
The face value of each share is Rs 10, but the price band of the IPO is Rs [●].
ReNew Power IPO Equity Size
This Initial Public Issue of [●] Equity Shares of Rs.10 each for cash at a price of Rs.[●] per equity share aggregating to Rs.[●] million.
ReNew Power IPO Share Offering
Fresh Issue: The Fresh Issue of [●] Equity Shares by their Company, aggregating to Rs.[●] million,
Issue Size: [●] Equity Shares of Rs.10 each, aggregating to Rs.[●] million
Offer for Sale: Offer for sale consists of Up to [●] Equity Shares of face value of Rs.10 each, aggregating Rs.[●] million.
ReNew Power 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.
ReNew Power IPO Grey Market Premium
The ReNew Power Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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:
| State | Installed Capacity |
| Gujarat | 25.2 MW |
| Karnataka | 110 MW |
| Maharashtra | 360 MW |
| Rajasthan | 240 MW |
| Madhya Pradesh | 210 MW |
| Andhra Pradesh | 60 MW |
| Telangana | 60 MW |
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) | ||||
| 30-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Total Assets | – | – | – | – |
| Total Revenue | – | – | – | – |
| Total Expense | – | – | – | – |
| Profit After Tax | – | – | – | – |
The details would be updated shortly.
The details would be updated shortly.
Earnings per Equity Share
| Earning per Equity Share (in INR) | ||||
| 30-Dec-20 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
| Basic | ||||
| Diluted | ||||
The details would be shortly updated herein and an analysis of the same would also be presented.
ReNew Power Limited IPO – Promoters
The details of the promoters would be shortly updated.
List of Related Parties (Key Managerial Personnel)
Competitive Strengths of ReNew Power Limited
ReNew Power IPO Offer Details or Issue Details
| Offer | The 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.
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 relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-20 | – | – | – |
| 31-Mar-19 | – | – | – |
| 31-Mar-18 | – | – | – |
ReNew Power IPO : Competitive Peers
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 – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP
- Legal Counsel to the Company – M/s. Crawford Bayley & Co.
- Bankers to the Company – Kotak Mahindra Bank Limited, HDFC Bank Limited, Deutsche Bank AG, Axis Bank Limited
ReNew Power IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters 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.
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ReNew Power IPO News
News 1 : ReNew Power plans to raise Rs 865 crore via IPO.
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