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Azure Power Global Priced, NYSE: AZRE

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

Industry: Utilities

First Day Return: -18.9%

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 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) $61
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 10/11/2016
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $61
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters New Delhi, India
Founded 2009
Employees at IPO 360
Website www.azurepower.com

Azure Power Global (AZRE) Performance