Monday, August 30, 2010

Upcoming IPO: Avantha Power & Infrastructure Ltd

Avantha Power & Infrastructure Ltd IPO Information:

- Issue Open: 
- Issue Close: 
- Issue Size: Rs. 1250 Crore
- Face Value: Rs. Equity Share
- Issue Price: Rs. Rs. Per Equity Share
- Minimum Quantity: Shares (Rs. with Lot)
- Maximum Quantity: Shares (Rs. with Lot)
- Listing At: BSE, NSE

About Company:
Avantha Power & Infrastructure Limited is an established power generation company with 191 MW of operational thermal power capacity, 2,400 MW of generating capacity under various stages of implementation and 1,320 MW of generating capacity under planning spread across India.

Once all of these projects have achieved commercial operation, we will have total installed capacity of 3,911 MW. Our 191 MW operational power capacity is primarily captive in nature, with four wholly owned power plants and the 59% owned gas fired plant being located at:

- Ballarpur (Maharashtra)
- Bhigwan (Maharashtra)
- Yamuna Nagar (Haryana)
- Sewa (Orissa)
- Malanpur (Madhya Pradesh)

These four wholly owned power plants primarily supply power and steam to Ballarpur Industries Limited ("BILT") , BILT Graphic Paper Products Limited ("BGPPL") , Biltech Buildings Elements Limited (BBEL) and also sell surplus power on a merchant basis. Power from our 59% owned Malanpur Power Plant is primarily supplied to SRF Limited, which is not part of the Avantha Group, and surplus power is sold on a merchant basis.

Our two thermal power projects in Raigarh (Chhattisgarh) and Seoni (Madhya Pradesh) are under various stages of implementation and one thermal power project in Gujarat is under planning. We sell and intend to sell the power generated from our operational, under implementation and under planning projects through Power Purchase Agreement (PPAs) of various durations and also on a merchant basis.

Contact Information:
Registered Office:Thapar House, 124 Janpath, New Delhi 110 001, India
Phone: +91-11-2336 8096
Fax: +91-11-2336 8729

Book Running Lead Manager(s)
1. Axis Bank Limited
2. Citigroup Global Markets India Private Limited
3. Enam Securities Private Limited
4. Kotak Mahindra Capital Company Limited

Registrar of Avantha Power & Infrastructure Ltd
Link Intime India Private Ltd
Phone: +91-22-25963838
Fax: +91-22-25946969