About Company’s Business:
The entity is a Government of India enterprise operating under the jurisdiction of the Ministry of New and Renewable Energy. Designated as a “Public Financial Institution,” it is officially recognized as a Systemically Important Non-Deposit taking Non-Banking Financial Company with Infrastructure Finance Company status. Boasting a financial history spanning over 36 years, this institution specializes in promoting, developing, and offering financial support for projects related to new and renewable energy, as well as energy efficiency and conservation. It delivers a comprehensive array of financial products and associated services, covering the entire spectrum from project conceptualization to post-commissioning, specifically tailored for renewable energy projects and various value chain activities, including equipment manufacturing and transmission.
About the Industry:
In Fiscal 2023, the outstanding credit of major power financing Non-Banking Financial Companies (“NBFCs”) experienced a Compound Annual Growth Rate (CAGR) of around 10% since Fiscal 2019, reaching approximately ₹9,399 billion. The anticipation for Fiscal 2024 is that power financing NBFCs will sustain this upward trajectory, propelled by factors such as the growing power demand, increasing population, the integration of renewable energy, and India’s commitment to sustainability goals. The financing needs for sectors like solar and wind energy are expected to witness significant expansion, aligning with the government’s target of achieving 500 GW of installed non-fossil fuel-based power capacity by 2030.
Key Financial Information (â‚ą in Million):
Certainly, here is the tabulated data with values:
| Particulars | As of Sep 30, 2023 | As of Sep 30, 2022 | As of Mar 31, 2023 | As of Mar 31, 2022 | As of Mar 31, 2021 |
|---|---|---|---|---|---|
| Equity Share Capital | 22,846.00 | 22,846.00 | 22,846.00 | 22,846.00 | 7,846.00 |
| Net Worth(1) | 65,806.12 | 56,383.12 | 59,351.69 | 52,681.13 | 29,956.00 |
| Revenue from Operations | 23,198.33 | 15,772.71 | 34,819.75 | 28,598.99 | 26,548.12 |
| Profit After Tax | 5,793.15 | 4,102.66 | 8,646.28 | 6,335.28 | 3,463.81 |
| Basic Earnings per Share (â‚ą)(2) | 2.54* | 1.80* | 3.78 | 8.03 | 4.41 |
| Diluted (in â‚ą) | : 2.54* | 1.80* | 3.78 | 8.03 | 4.41 |
| Net Asset Value per Share | 28.80 | 24.68 | 25.98 | 23.06 | 38.18 |
| Equity Share (in â‚ą)(3) | |||||
| Total Borrowings (as per BS)(4) | 398,501.93 | 302,303.63 | 401,652.80 | 276,130.72 | 240,000.04 |
Note:
- “*” indicates figures related to basic and diluted earnings per share that are not annualized.
- The “Equity Share (in ₹)” row appears to be incomplete in the provided data.
Objective of the Issue:
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Augmenting our capital base to meet our future capital requirements and onward lending.
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General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Tuesday, November 21, 2023 |
| Close Date | Thursday, November 23, 2023 |
| Issue Size | â‚ą2,150.21 Crores |
| Price | â‚ą30 to â‚ą32 per share |
| Lot Size | 460 Shares |
| Basis of Allotment | Wednesday, November 29, 2023 |
| Initiation of Refunds | Thursday, November 30, 2023 |
| Credit of Shares to Demat | Friday, December 1, 2023 |
| Listing Date | Monday, December 4, 2023 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
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