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Incorporated in 2007, Indiabulls Power Limited is a power project development company. Indiabulls Power Ltd has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW.
Issue Detail:
Issue Open: Oct 12, 2009 - Oct 15, 2009
Issue Size: 339,800,000 Equity Shares of Rs. 10
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 40 - Rs. 45 Per Equity Share
Minimum Order Quantity: 150 Shares
CRISIL has assigned an IPO Grade "3/5" (pronounced "three on five") to Indiabulls Power Ltd IPO. This means as per CRISIL, company has average fundamentals.
*CRISIL assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download CRISIL rating document.
Please avoid this IPO. If you want to invest in power than buy NTPC.
A Big Avoid for this IPO. :EmoticonThumbsDown:
Indiabulls Power's initial public offer (IPO) has received an overwhelming response on the very first day. The issue was subscribed 5.95 times, as per the data available on the NSE website.
After such a over subscription on day one and two, do you still feel that there would not be any listing gain?
India Bulls power IPO grey market premium is -Rs. 1.5 to 2.
RPower: Issue 279 (adjusted bonus), production in 2011, CMP:170
Adnai : Issue 100, production (full capacity) 2013, CMP:101
NHPC: Issue 36 , CMP:33
Indiabulls power Issue 40-45, CMP: ?
Save you money!
Quote:
Originally Posted by Vinayak
NHPC issue oversubscribed more than 23 times. Now at discount.
Similarly India bulls power IPO will be subscribed may be by around 20 times max overall.
Offer will be at 45 Rs and it will list at max 46 to 48 for very brief time before slipping in negative.
So buy after listing.
I feel, we have to wait for a correction.
Indiabulls Power has fixed its IPO price at Rs 45 per share, at higher end of price band of Rs 40-45.
Indiabulls Power lists at Rs 45, loses 16% in early trade. Current price 40.0.
What should I do with IB Power? I am holding it since IPO... Now Price comes down to...35.45. Please guide. Should I sell this?
Now it already lost lots of value. Better wait now.