Orient Green Power IPO Invites Long Term Investment

MUMBAI, INDIA (GaeaTimes.com) — Arihant Capital Market is now aiming at capturing long term investors for the funding of their biomass and wind power projects. The company is now inviting investors to ‘Subscribe’ to initial public offering of Orient Green Power at its low price band share that will offer long term benefits.

The company, which hopes to raise its fund Rs 900 crore has requested the investors to opt for the share value of Rs 47-55 each.

Orient Green Power IPO is currently financing four biomass projects which include subsidiary OGP Rajasthan’s biomass project, Beta wind farms’ wind power project and the repayment of debts.

Keeping in mind the P/B valuation methodology, which is applicable to power generating companies, Orient Green Power is trading their share at a P/B of 5.8x times on the lower end of price band and 6.8x times on the upper end of price band.