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Thread: IPO Details - Indiabulls Power Limited

  1. #1
    Moderator Matrix's Avatar
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    Arrow IPO Details - Indiabulls Power Limited

    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




  2. #2
    Moderator Matrix's Avatar
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    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.

  3. #3
    Moderator Rahul's Avatar
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    Thumbs down

    Please avoid this IPO. If you want to invest in power than buy NTPC.
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  4. #4
    PolicyWala Fan Natraj's Avatar
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    A Big Avoid for this IPO.
    In order to get a Loan, you first need to prove that you don't need it.

  5. #5
    PW Expert MTG's Avatar
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    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.

  6. #6
    NewBie
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    After such a over subscription on day one and two, do you still feel that there would not be any listing gain?

  7. #7
    PolicyWala Fan rohit's Avatar
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    India Bulls power IPO grey market premium is -Rs. 1.5 to 2.

  8. #8
    PolicyWala Member
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    Exclamation

    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!

  9. #9
    PolicyWala NewBie
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    Quote Originally Posted by Vinayak View Post
    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!
    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.

  10. #10
    Super Moderator PolicyWala's Avatar
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    I feel, we have to wait for a correction.


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