KSK Energy Ventures Limited IPO

Incorporated in 2001, KSK Energy Ventures Limited is a power project development company in India, with track record of developing and operating power plants. KSK Energy supply power to a combination of industrial and state-owned consumers in India.

KSK Energy have 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:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. 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”);
2. 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”);
3. Repayment of corporate loans;
4. General Corporate Purposes;
5. Meeting the Public Issue Expenses.

KSK Energy Ventures Ltd IPO Information

»» Public Issue Open: June 23, 2008 to June 25, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 3,46,11,000 Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 240/- to Rs 255/-
»» Market Lot: 25 Shares
»» Minimum Order Quantity: 25 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Kotak Mahindra, IDFC-SSKI, Morgan Stanley, Lehman Brothers & Edelweiss Capital Ltd
»» Registrar: Karvy Computershare Pvt Ltd (Ph: +91-40-23420815 Email: mrvs@karvy.com)