Monday, May 14, 2018

Renew Power files draft papers with SEBI for IPO

Renew Power Limited has filed DRHP with SEBI for Initial Public Offer. The offer compraises 2600 crore equity shares and an offer for sale of 9,43,77,109 equity shares. The offer for sale includes shares of GEF SACEF India, Green Rock B 2014 Limited, GS Wyvern Holdings Limited and GS Wyvern Holdings Limited. The offer include a reservation for eligible employees who can do subscription which not exceeding 5% of the post offer. It may have a 10% discount on the offer price for the eligible employees who will bid under Employee Reservation Portion.

The book running lead managers and global coordinators are given as below:
  1. Kotak Mahindra Capital Company Limited
  2. DSP Merrill Lynch Limited
  3. Goldman Sachs (India) Securities Private Limited
  4. JM Financial Limited
  5. J.P. Morgan India Private Limited
  6. HSBC Securities and Capital Markets (India) Private Limited
  7. IDFC Bank Limited
  8. UBS Securities India Private Limited
  9. YES Securities (India) Limited.
Renew Power is the largest renewable energy IPP in India. They had a total capacity of 5.85 GW, comprising 3.92 GW of operational capacity, 1.66 GW of capacity under development and 0.27 GW of wind power capacity awarded in April 2018 in the fourth SECI wind power auctions (as informed by the Solar Energy Corporation of India. They already proven a strong track record in organic and inorganic growth having nearly doubled its operational capacity in each of the last three Fiscal Years.

Renew Power IPO DRHP: Click Here