Orient Green Power Company today fixed the price range of its forthcoming public float at Rs 47 to Rs 55 per share.
The initial public offering, through which the firm aims to raise up to Rs 900 crore, opens on September 21 and will close on September 24, it said in a statement.
For qualified institutional buyers, the issue will close on September 23, the company said.
Orient Green Power, promoted by Shriram EPC, is an operator and developer of renewable energy power plants.
Anchor investors, if any, shall submit their bids on the anchor investor bidding date (September 20), which will be one working day prior to the issue opening date, it added.
The Chennai-based power producer plans to utilise the IPO proceeds to part-finance its capex plan, among other things.
JM Financial Consultants, Goldman Sachs India Securities, UBS Securities India and Axis Bank are the book running lead managers to the issue.
Ratings agency Crisil has assigned an IPO grade of 4/5 to the issue, indicating that the fundamentals are above average.
