Azure Power Global Priced, NYSE: AZRE

Indian low-cost solar power producer with 357 MW of capacity.

Industry: Utilities

Latest Trade: $16.27 0.00 (0.0%)

First Day Return: -18.9%

Return from IPO: -9.6%

Industry: Utilities

Our mission is to be the lowest-cost power producer in the world. We sell solar power in India on long-term fixed price contracts to our customers, at prices which in many cases are at or below prevailing alternatives for these customers. We are also developing micro-grid applications for the highly fragmented and underserved electricity market in India. Since inception, we have achieved an 83% reduction in total solar project cost, which includes a significant decrease in balance of systems costs due in part to our value engineering, design and procurement efforts.
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IPO News for Azure Power Global
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IPO Data
IPO File Date 12/16/2015
Offer Price $18.00
Price Range $21.00 - $23.00
Offer Shares (mm) 3.4
Deal Size ($mm) $61
IPO Data
IPO Date 10/11/2016
Offer Price $18.00
Price Range $21.00 - $23.00
Offer Shares (mm) 3.4
Deal Size ($mm) $61
Underwriters
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Company Data
Headquarters New Delhi, India
Founded 2009
Employees 360
Website www.azurepower.com