Avantha Power IPO IPO: Review Analysis & Details

Another IPO is set to hit the primary stock markets pretty soon. The IPO belongs to Avantha Power & Infrastructure Company, is a power generation company promoted by Gautam Thapar and it has now come out with the Initial Public Offering or IPO.
In this article, we will look at the Review, Analysis and Details of the Avantha Power IPO and try to do the Review and analysis of Avantha Power IPO.

Avantha Power IPO: Review Analysis & Details

Some basic details first about the Avantha Power IPO, which are available as of now:

- The size of Avantha Power IPO is expected to be around 1250 Crore Rs.

What is the issue size of the Avantha Power IPO?
Around 1250 Crore Rs is the size of the IPO

How will the capital raised by Avantha Power IPO be used?
The money raised by the IPO will be used for multiple purposes:
1) To fund the Chhattisgarh Power Project Phase I Construction which is ongoing
2) To fund the Madhya Pradesh Power Project Phase I
3) For other expenses and corporate purposes

What is the price band of Avantha Power IPO?
The price band details are not available at the moment - but it is known to be a 100% book building process

How many shares will be sold in the Avantha Power IPO?
The total no. of shares to be sold through this IPO is not known.

What is the trading symbol & exchange for the Avantha Power IPO
No info about that

What are the IPO dates for Avantha Power IPO
The IPO for Avantha Power will open on dates 11 October

Any ratings given to Avantha Power IPO?
No information about that.

What are the analysts recommendations for Avantha Power IPO?
The power needs for the country are increasing day by day. Hence Power companies are expected to benefit. Infrastructure developments are on the rise with a stable government at the center. However, one needs to look at the valuations of the company and how well it is placed with regard to the competitors.

Avantha Power & Infrastructure Limited is an established power generation company with 191 MW of operational thermal power capacity; 2,400 MW of generating capacity under various stages of implementation; and 1,320 MW of generating capacity under planning spread across India.

Enam Securities, Citigroup, Axis Bank and Kotak Mahindra are the Book running lead managers for this IPO.

What are the business results for Avantha Power?
No info about that