Analysis and Insights into the world of IPOs and investing in India

Saturday, September 25, 2010

Orient Green Power Company IPO finally subscribed fully, on QIB support

Orient Green Power Company IPO has been subscribed fully on its closing day. The IPO, which was assigned an IPO Grade 4/5 by CRISIL, has received feeble response from HNI and Retail Categories which are bid 64% and 18% respectively with QIB Category supporting the IPO with a subscription of 2.09 times, thus making the IPO subscribed 1.07 times on an overall basis

Orient Green Power Company limited (OGPL) is an independent renewable energy power producer in India. Orient Green Power is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity. According to the Company's website, currently its portfolio includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development

Stay tuned to Indian IPO Blog for Orient Green Power Company IPO Allotment Status links, Orient Green Power Company IPO Listing Details and more on Orient Green Power Company IPO!
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2 comments:

  1. How are computing these bidding statusy?

    i checked on the NSE Website today and it shows completely different:
    For Orient:
    QIBS:1.46
    Retail:0.12
    NII:0.03
    For ELECTRO Steel:
    QIBS:3.80
    NII:6.95
    Retail:3.38

    ReplyDelete
  2. The Bidding Status posted for both the IPOs is correct
    Please recheck

    ReplyDelete

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