KSK Energy Ventures Limited

KSK Energy Ventures Limited
Period	23-Jun to 25-Jun 2008
Size (Equity Shares)	97,03,580
Type	100% Book Built Issue (Initial Public Offer IPO)
Face Value	Rs. 10-
Price Range	Rs 240 to Rs 255
Market Lot	25
Max shares Retails investor can apply at cut off	375
Registrar	Karvy Computershare Pvt Ltd
Registrar's email	mrvs@karvy.com
Lead Manager	Kotak Mahindra, IDFC-SSKI, Morgan Stanley, Lehman Brothers & Edelweiss Capital Ltd
Listing	BSE, NSE
Grading
About the company
Incorporated: 2001 Business:Power project development company, supply power to a combination of industrial and state-owned consumers in India. Capacity: Operational power plants capable of generating 144 MW of power and are currently constructing, developing or planning power projects capable of generating an aggregate of 8,993 MW of power, which they sell or intend to sell under a combination of long-term, medium-term and short-term power purchase agreements (PPAs) to industrial and state-owned consumers. KSK energy power projects are as follows Three power plants (aggregating 144 MW) that are fully operational: 1. Arasmeta, a 43 MW coal based power plant in Chhattisgarh; 2. Sai Regency, a 58 MW natural gas based power plant in Tamil Nadu; 3. Sitapuram, a 43 MW coal based power plant in Andhra Pradesh. Two power projects (aggregating 675 MW) that are under construction: 1. VS Lignite, a 135 MW lignite based power project in Rajasthan; 2. Wardha, a 540 MW coal based power project in Maharashtra. Three power projects (aggregating 1,973 MW) under development for which they have either Secured Debt Financing or Entered into Term Sheets and are Negotiating Debt Financing Agreements: 1. Arasmeta Expansion, a 43 MW expansion of the existing Arasmeta power plant; 2. Wardha Chhattisgarh, a 1,800 MW coal based power project in Chhattisgarh; 3. KSK Dibbin, a 130 MW, a run-of-the-river hydro-electric power project in Arunachal Pradesh. Five power projects (aggregating 6,345 MW) that are planned: 1. KSK Narmada, a 1,800 MW coal based power project in Chhattisgarh; 2. JR Power, a 1,800 MW coal based power project in Orissa; 3. Wardha Naini, a 1,800 MW coal based power project in Orissa; 4. Kameng Dam, a 600 MW run-of-the-river hydro-electric power project in Arunachal Pradesh; 5. Kameng Basin projects, a group of seven run-of-the-river hydro-electric power stations aggregating 345 MW in Arunachal Pradesh.
Objects of the Issue
# Investment in Wardha Power Company Private Limited, a Subsidiary, to finance the equity component of the 1,800 MW coal-based thermal power plant at Wardha Chhattisgarh (the "Wardha Chhattisgarh"); # Investment in KSK Dibbin Hydro Power Private Limited, a Subsidiary, to finance the equity component of the 130 MW run-of-the-river hydro power plant at Dibbin, Arunachal Pradesh (the "Dibbin Project"); # Repayment of corporate loans; # General Corporate Purposes; # Meeting the Public Issue Expenses.