KSK Energy Ventures to list on July 14

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KSK Energy Ventures, a company with experience in developing and operating power plants, will list on the bourses with its initial public offering on July 14, 2008. The issue price has been fixed at Rs 240 per share.

The stock will start trading in F&O segment as well with permitted lot size of 850 shares.

KSK Energy Ventures had entered capital market with a public issue of 3,46,11,000 shares and subscribed 1.5 times.

The company proposed to utilize the net proceeds of the Issue to part fund its investment in Wardha Power Co. Pvt Ltd, either directly, or through KSK Electricity Financing India Pvt Ltd, to finance the equity component of the 1,800 MW coal-based thermal power plant at Chhattisgarh. KSK Energy Ventures Limited has received an aggregate of  Rs. 415.34 crore pursuant to subscription in the Pre-IPO placing of Equity Shares at Rs 240 per share , of which the company intends to use Rs 215.34 crore for funding the Wardha Chattisgarh Project. The equity shares in the Pre- IPO placing have been subscribed by the following Investors:

• Macquarie Bank Limited
• Tree Line Asia Master Fund (Singapore) Pte Ltd
• GE Capital International (Mauritius)
• Universities Superannuation Scheme Limited,
• Infrastructure Development Finance Company Limited,