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June 22, 2008

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.

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