KSK Energy Ventures IPO
KSK Energy Ventures IPO — date, price band, lot size & details 2008
KSK Energy Ventures listed on 14 Jul 2008 at ₹210.05, 12.5% below the ₹240 issue price.
KSK Energy Ventures is a Hyderabad based power project developer that builds and runs power plants, including captive plants with long term fuel access. Its consolidated total income was Rs 357.95 crore in FY2008.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 23 Jun 2008
- Close 25 Jun 2008
- Allotment TBA
- Refund/credit TBA
- Listing 14 Jul 2008
Issue summary
The terms of the offer, as filed.
| IPO Dates | 23 to 25 Jun, 2008 |
|---|---|
| Price Band | ₹240 – ₹255 |
| Face Value | ₹10 |
| Lot Size | 25 Shares |
| Issue Size | ₹830.66 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 6,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 25 shares at the ₹240 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 25 | ₹6,000 |
| Retail (max) | 33 | 825 | ₹1,98,000 |
| S-HNI (min) | 34 | 850 | ₹2,04,000 |
| S-HNI (max) | 166 | 4,150 | ₹9,96,000 |
| B-HNI (min) | 167 | 4,175 | ₹10,02,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Consolidated total income rose from Rs 33.55 crore in FY2005 to Rs 357.95 crore in FY2008.
- 02Consolidated profit after tax rose from Rs 6.51 crore in FY2005 to Rs 108.65 crore in FY2008.
- 03Its operating plants had long term fuel access, and Rs 773.39 crore of the issue was for the Wardha Chhattisgarh project.
- 04Return on net worth was 17.13%.
Risks · 5
- 01Its planned projects needed Rs 26,200.0 crore of debt and Rs 8,700.0 crore of equity, far more than the IPO raised.
- 02Profit jumped from Rs 18.86 crore in FY2007 to Rs 108.65 crore in FY2008, so past results were uneven.
- 03Rs 200.00 crore of the issue was set aside for general corporate purposes.
- 04The issue was priced at Rs 240, the bottom of its band.
- 05Promoter holding fell from 61.39% before the issue to 55.24% after it.
Three years of numbers
All figures in ₹ crore, as reported in the KSK Energy Ventures offer document.
| Metric | 31 Mar 2008 | 31 Mar 2007 | 31 Mar 2006 | 31 Mar 2005 |
|---|---|---|---|---|
| Total Income | 357.95 | - | - | 33.55 |
| Profit After Tax | 108.65 | 18.86 | 7.27 | 6.51 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the KSK Energy Ventures RHP.
Where the money goes
₹973.39 Cr of the issue is earmarked to named objects.
About the company
It is a power project development company that develops, runs and maintains power plants, set up in 2001 to tap opportunities in the Indian power sector.
It had long term fuel access for its operating plants, and many of its projects were in development or planning. The prospectus estimated their total cost at Rs 34,900.0 crore, to be met with Rs 26,200.0 crore of debt and Rs 8,700.0 crore of equity.
The IPO was Rs 830.66 crore and was entirely a fresh issue at Rs 240, the bottom of the Rs 240 to Rs 255 band. The money was mainly for the Wardha Chhattisgarh power project.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
KSK Energy Ventures IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
Kotak Mahindra Capital Company Limited
204 issues handledBest listing: Premier Energies (+120.0%). Weakest: Puravankara Projects (-22.5%).
Dam Capital Advisors Ltd
69 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Morgan Stanley India Co. Pvt. Ltd
36 issues handledEdelweiss Financial Services Ltd
73 issues handledBest listing: Route Mobile (+104.9%). Weakest: ICICI Securities (-16.3%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of KSK Energy Ventures?
The current Grey Market Premium is ₹0.
What is the KSK Energy Ventures IPO price band?
₹240 to ₹255, on a face value of ₹10.
When is the allotment?
The basis of allotment is TBA, with listing on 14 July 2008.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
