Mytrah Energy's IPO to hit markets soon
DSIJ Intelligence / 22 Sep 2016
Mytrah Energy, a Hyderabad based renewable energy producer is aiming at raising approximately $ 250 million to $ 300 million by knocking the doors of Indian investors via an Initial Public Offering (IPO) as per media reports.
Mytrah Energy, a Hyderabad based renewable energy producer is aiming at raising approximately $ 250 million to $ 300 million by knocking the doors of Indian investors via an Initial Public Offering (IPO) as per media reports.
The renewable energy company started off as a wind power generator, and is now operational in solar power space.
IDFC’s infrastructure fund is an investor in the company through the structured finance transaction.
The IPO may be aimed at providing an exit opportunity to IDFC and also help company raise some growth capital.
Nomura Financial Advisory and Securities (India) Pvt. Ltd., and IDFC Bank will be helping the company in its share sale.
Mytrah currently operates about 920 megawatts (MW) of wind energy capacity and recently has won 500 MW projects of solar energy capacity.
Looking at the pace at which infrastructure development is happening in India, the renewable energy companies are expected to raise further growth capital to expand, and one can expect more IPOs from the players in the industry.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.