Bajaj Energy IPO: History, Benefits, Price, How to Apply?

Bajaj Energy IPO

Introduction To Bajaj Energy IPO: One of the biggest private sector power thermal generation businesses in Uttar Pradesh, India, was founded in 2008 and is called Bajaj Energy Limited. It has extensive expertise in managing, constructing, and funding power-producing plants. In actuality, the corporation has established a 2430 MW coal-fired thermal power plant with success.

Five facilities dispersed over five different locations in the state account for 450 MW of this capacity. These factories are owned by BEL.

The remaining 1980 MW, however, comes from LPGCL-owned facilities. Additionally, Bajaj Energy Limited is working to boost demand. It intends to increase the capacity of conventional electricity generation for this purpose over the next two years.

With SEBI’s approval, Bajaj Energy Limited is prepared to launch its IPO. The total issue amount for the Bajaj Energy IPO is Rs 5,450 crores, of which Rs 5,150 crores are new issues and the remaining Rs 450 are offered for sale.

History of Bajaj Energy IPO

In April 2019, Bajaj Energy Limited submitted its DRHP to the Securities and Exchange Board of India (SEBI). The market regulator gave it the go-ahead to start its IPO in 2021, though, in September 2019.

Why Should I Invest in the IPO of Bajaj Energy Limited?

People interested in investing in Bajaj Energy Limited’s initial public offering should consider the following factors:

  • After it has fully electrified all the villages, there is a good probability that power demand will rise.
  • The business is successful at what it does, which is to construct, finance, and manage thermal power facilities.
  • The executive team at Bajaj Energy Limited has years of experience.
  • Central Coal Fields Ltd., this organization has a long-term fuel contract that will last for a long time.
  • Professionals at Bajaj Energy Limited adhere to sustainable operational methods, offering their business a competitive advantage. Awards for this company’s safety practices were given in 2015, 2016, and 2017. Additionally, it has been acknowledged by the government as having the best water-efficient plant in the 500 MW category.