Indiabulls Power Limited IPO (Indiabulls Power IPO) Detail

Oct 12, 2009 - Oct 15, 2009

Incorporated in 2007, Indiabulls Power Limited is a power project development company. Company develops and intends to operate and maintain power projects in India. The Company is a subsidiary of IBREL (Indiabulls Real Estate), a part of the Indiabulls Group and listed on the BSE and the NSE. IBREL is one of the largest real estate development companies in India. It focuses on construction and development of properties, project management, investment advisory and construction services.

Indiabulls Power Ltd has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. These projects include:

1. Amravati Phase-I (1320 MW)
2. Amravati Phase-II (1320 MW)
3. Nasik (1335 MW) in Maharashtra
4. Bhaiyathan Thermal Power Project (1320 MW) &
5. Chhattisgarh Power Project (1320 MW) in the State of Chhattisgarh.

Indiabulls is also developing four medium size Hydro Power Projects in Arunachal Pradesh aggregating to 167 MW. Indiabulls has also entered into MoUs with the Govt. of Madhya Pradesh and Jharkhand for setting up of 2640 MW & 1320 MW Thermal Power Projects.

Company Promoters:

Indiabulls Power is promoted by three entrepreneurs:

1. Mr. Sameer Gehlaut - is the Non Executive Chairman of Company.

2. Mr. Rajiv Rattan - is the Vice Chairman of the Company.

3. Mr. Saurabh K. Mittal - is the non-executive Director of the Company.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:

1. To part finance the construction and development of the 1,320 MW Amravati Power Project Phase Ė I;
2. Funding equity contribution in the Companyís wholly owned subsidiary, IRL, to part finance the construction and development of the 1,335 MW Nashik Power Project; and
3. General corporate purposes.

Indiabulls Power IPO Details

IPO Opening DateOct 12, 2009
IPO Closing DateOct 15, 2009
Issue TypeBook Built Issue IPO
Face Value₹10 per equity share
IPO Price₹40 to ₹45 per equity share
Market Lot150 Shares
Min Order Quantity150 Shares
Listing AtBSE, NSE
Issue Size339,800,000 Eq Shares of ₹10
(aggregating up to ₹1,529.10 Cr)

Indiabulls Power IPO Lot Size

The Indiabulls Power IPO market lot size is 150 shares. A retail-individual investor can apply for up to 29 lots (4350 shares or ₹195,750).

ApplicationLotsSharesAmount (Cut-off)
Minimum1150₹6,750
Maximum294350₹195,750

Indiabulls Power Ltd IPO Grading / Rating

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.

Indiabulls Power IPO Subscription Status (Bidding Detail)

The Indiabulls Power IPO is subscribed 21.84x times on Oct 15, 2009 17:00. The public issue subscribed 1.09x in the retail category, 40.49x in the QIB category, and 5.76x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

40.49x

NII

5.76x

RII

1.09x

Total

21.84x

Indiabulls Power IPO Prospectus

Indiabulls Power IPO Rating

420
3.5
Rating:Rated 3.5 stars

Vote Here ...

Indiabulls Power IPO Listing Date

Listing DateFriday, October 30, 2009
BSE Script Code533122
NSE SymbolRTNPOWER
Listing InB Group of Securities
ISININE399K01017
IPO Price₹45 per equity share
Face Value₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹45.00
₹44.95
₹35.00
₹45.50
₹39.25
102,761,429
NSE
₹45.00
₹45.05
₹35.35
₹45.05
₹39.50
173,896,784

Indiabulls Power IPO Reviews / Ratings

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Company Contact Information

Indiabulls Power Limited
E-29, First Floor,
Connaught Place,
New Delhi - 110001

Phone: (91 11) 3047 6300
Email: poweripo@indiabulls.com
Website: http://www.indiabulls.com/power

Indiabulls Power IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

Phone: 04067162222, 04079611000
Email: varghese@karvy.com
Website: https://karisma.kfintech.com/

Indiabulls Power IPO FAQs

  1. What is Indiabulls Power IPO?

    Indiabulls Power IPO is a main-board IPO of 339,800,000 equity shares of the face value of ₹10 aggregating up to ₹1,529.10 Crores. The issue is priced at ₹40 to ₹45 per equity share. The minimum order quantity is 150 Shares.

    The IPO opens on Oct 12, 2009, and closes on Oct 15, 2009.

    KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. When Indiabulls Power IPO will open?

    The Indiabulls Power IPO opens on Oct 12, 2009 and closes on Oct 15, 2009.

  3. What is the lot size of Indiabulls Power IPO?

    Indiabulls Power IPO lot size is 150 Shares and the minimum order quantity is 150 Shares.

  4. How to apply for Indiabulls Power IPO?

    You can apply in Indiabulls Power IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

  5. When Indiabulls Power IPO allotment?

    The finalization of Basis of Allotment for Indiabulls Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Indiabulls Power IPO allotment status.

  6. When is Indiabulls Power IPO listing date?

    The Indiabulls Power IPO listing date is on Friday, October 30, 2009.

Indiabulls Power IPO Message Board

Ranked Members  Ranked Members

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422. Ramkishor, mumbai |Jan 20, 2010 12:22
It is insider news that share will reach rs. 48- 49 within twn week.
421. D.k |Jan 16, 2010 16:12
It is insider news that ib power will cross rs. 70 till feb. Because some very positive development and co. Will declair interim devident a big FIIs accumulating this stock.
420. Hemish Shah |Jan 16, 2010 10:05
Indiabulls Power Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on January 21, 2010, inter alia, to consider and approve, the un-audited financial results of the Company for the quarter ended December 31, 2009 and declaration of interim dividend, if any, on the Equity shares of the Company, for the financial year 2009-10.
419. velcheru Nageswara Rao |Jan 11, 2010 23:58
IPO which was watched by many, hoping that the energy sector will flourish in the near future that too It is Indiabulls' group. Hope for the best in the near future. Else at current price Rs. 37/- sell it off and declines even by Rs 2/- will make the difference.
418. Ravi, Bangalore |Dec 9, 2009 17:14
417. spgupta

It has to clear 37-40 area to become bullish.

Its book value is Rs.25. Not expected to fall below book value. Even if falls, it may drop to 23-18 range & may bounce-back within a month. If you have patience & ride the volatility, it could compensate you.

I have lost around Rs.12,600 (exited at 39 as soon as it quoted below issue price of 45).

All the thermal projects are located in Maharashtra and Chhattisgarh in the west zone load center, with one of the highest peak power shortages. The west zone experienced a peak power deficit of 19.6% in August 2009.

All the power projects, barring the Nashik Power Project, are based on super critical technology, giving better plant efficiency and consuming lower coal compared with a sub-critical power plant.

Has applied for approvals to develop the power projects located at Amravati (Phase I & II) and Bhaiyathan under the mega power project scheme, thereby entailing certain tax benefits including customs and excise duty exemption on purchase of equipment. Similarly, the Nashik Power Project is coming up within the Sinnar Special Economic Zone (SEZ) in Nashik, proposed as a co-developer.
417. spgupta |Dec 6, 2009 10:46
kya iss ipo meai lagaya paisea wapas milega ya nehi
416. rama |Nov 17, 2009 12:18
Buy iNdiabulls power at current price. Six months price target: 40
415. Ravi, Bangalore |Nov 16, 2009 17:25
It has resistance in 37 - 40 area. If fails to clear this area, it may drop even to Rs.20.

In case it manages to cross 40, then it may rise to 53-54 zone. Investors need to watch closely for next two weeks.
414. Shiva |Nov 14, 2009 07:17
It is no doubt sad that Indiabulls Power gone below the offer price resulting in loss to all those who subscribed to it. Every one blames the Management if Indiabulls Power, yes ofcourse! Did any one appreciated when IndiaBulls which came public at 19 and gave excellent returns!! Why this double standards? It means all the promotors should work for giving huge returns for those who just invest for 15 days and take huge profits? Afterall they are also in the business of making money!! remember tha!!!
413. chandra p singh |Nov 13, 2009 21:57
Dear Rtan,

Let's not fight on that issue. I am 100% agree with you that this compay is a fruad. But Still got subscribed more than 1 time only in retail. And I am one of them who invested at full slot.
Before investing I know it's a fruad company with no value but I very well know that fruad company some time get listed at 50% premium and then come down heavily.
But it did not happen in this case.
I can bet 99% retail invester knew about it before applying that it has no value but still applied reason : Want to earn quick profit.
Regarding Mundra Port or any other stock you can give n number of reason but in stock market no fundamental works.
412. RATAN |Nov 13, 2009 21:11
408 Chandra P. Singh ji

with due regard, i would like to tell that MUNNDRA Port is now quoting around 500/-. But dont forget that this is a situation after 1 year of listing. after listing, it always happen that after 1 year either ipo stock doubles or crashes to a very low level.There is nothing unusual in this. even some times a stock which is buyer pack today may get seller pack tomorrow, in secondary market. But, you just tell me single stock in the history of IPO market which was oversubscribed by 40 times or so in QIB category and listed with a 20% discount. (except RPOWER or FCH, because RPOWER and FCH had unusual retail fancy and after ipo, there was a seller cercuit in the secondary markets.) even RPOWER and FCH got listed at or above par for some while.


411. rama |Nov 13, 2009 08:20
See how intelligent indiabulls promoters are. they sold shares at 45/. now they are buying through greeshoe option at 35/ and making making 10 bucks per share without any efforts. BEWARE.. those guys again sell these shares at higher price telling some stories on capex etc...
Disclosure: I dont have indiabulls power shares
410. ashok |Nov 12, 2009 11:47
Its a 'rocking' stock!
By S.P. Tulsian
· Kemrock Industries and Exports Ltd. manufactures Unsaturated Polyesters, Vinyl Esters, Epoxy and Phenolic Resins & GRP / FRP (Fibre Reinforced Plastic) products viz. Gratings, Piping Systems, Pultruded Shapes, Windmill Blade, Lighting Poles, Access Systems, Handrails & Ladders, Carbon Fibre, Rail Coach Interior & Exteriors, Cable Management Systems etc.
· The Company has its facility at Baroda and offers high-performance thermosetting resins for a wide range of speciality industrial applications, including Composites, Foundry and Coated Abrasives and market its products in India, Bangladesh, Sri Lanka, Bahrain, Saudi Arabia, Kuwait and UAE.
· The Company has recently entered into a 50 : 50 JV with Saertex GmbH of Germany, the world leader in non-crimp glass, Carbon and aramide fabrics and this JV will set up a plant to manufacture for various components for Indian and global aeronautical industry. The facilities will be located in Baroda and would be operational by mid 2010.
· The present equity of the company is at Rs. 11.01 crore with face value of Rs. 10 each, with promoter’s stake at 34.85% and 65.15% being held by the public.
· For FY 09, the total income of the company was placed at Rs. 374 crores with PAT at Rs. 31.82 crores, resulting in an EPS of Rs. 28.90 and cash EPS of Rs. 45.80. Book value of the share as at 31st March 09 was placed at Rs. 234.
· For June 09 quarter, the company has achieved a total income of Rs. 100 crores with PAT at Rs. 8.70 crores, resulting in an EPS of Rs. 7.90 and cash EPS of Rs. 12.65. The major contribution to the bottomline of the company has been coming from its FRP products while Resins, being a commodity nature products, contributes low. This increase in ratio of FRP products is likely to increase in the time to come.
· Products of the company find extensive use in various markets and applications including chemical, oil and gas, pharma, pulp and paper, water and waste waster, metals and mining, transportations, electricals and telecommunications, so all these sectors have good growth potentials and would result in good growth of the company’s products.
· Share is now ruling at Rs. 390 and rules at a PE of just 11 times. The new 50 : 50 JV will boost the profitability of the company further. Hence it can be bought now with an expected price of Rs. 500 in next 6 months. Even foreign investors were keen to take stake in the company and promoters have valued it at Rs. 600 per share.
409. rama |Nov 11, 2009 12:18
Buy Indiabulls power, 1 year target 66/
408. chandra p singh |Nov 11, 2009 01:29
If Mundra Port was in such a huge demand, why it is now howering around 500?
One thing is clear...people who invest in stock market, they take risk. SEBI is there but it just a gamble.
I am loosing 22000 on investment of 94500 on IndiaBull but I have no regreat. I too got attracted by QIB subscription but I was very well knowing I am gambling with my money.

But, I am saying that still in future I will bet on these kind of stock because you can't make money on NTPC on regular basis.
Take example of Reliance Capital, Reliance Energy, on every up-down in market they swing @20%. It's your luck and decision at what price you buy and make 20% profit.

I made Rs. 40000 only on these 2 stocks within last 6 months by investing Rs. 40000.
E.g Recently I bought RCapital @719 and now it is arround 820 and bought Reliace Energy @1000 and it touched 1100 within 3 days.

But I very well know any day if market sinks both may touch Rs. 500.
407. Amit |Nov 10, 2009 16:43
Buy JK Paper for good return
Price Target- Rs.60 (upto 22 Jan-2010)
Price Target- Rs.74 (upto 24 April)
No need to invest in IPO. Invest in JK Paper to get 100% return
406. RATAN |Nov 10, 2009 13:01
INDIA BULLS ISSUE SIZE (INCL. GREEN SHOE)-1750 CRORES
ALLOTMENT TO QIBS -1175CRORES
DEMAND BY QIBS -36700 CRORES (ALL BIDS AT UPPER END)
ALLOTMENT TO HNIS -175 CRORES
ALLOTMENT TO RETAIL -400 CRORES
SIZE OF GREEN SHOE- 225 CRORES

LISTING RESULT - SHARE TANKED 25% IN 5 MINUTES OF LISTING WITH A TRADING VOLUME OF LESS THAN rS. 100 CRORES ON BOTH THE EXCHANGES PUT TOGETHER. NONE OF THOSE 35000 CRORES BIDDERS WERE EVEN BUYER AT LOWER ENED OF PRICE BAND. NOW BOARDERS DECIDE WHETHER THIS CASE IS A DIFFERENT CASE FROM MUNDRA PORT OR NOT. SEBI SHOULD ENQUIRE THAT EVEN AFTER A GREEN SHOE OF MORE THAN 50% OF RETAIL ALLOTMENT AND AS PER MY OPINION TILL DATE MOST OF RETAILERS ARE UNSOLD, WHY THE SHARE IS TRADING BELOW 35/-. THIS MEANS QIBS ARE SELLING THOSE SHARE WHICH THEY BOUGHT @ 45/- IN IPO FEW DAYS AGO. THIS SIMPLY MEANS PROMOTORS USED SOME UNETHICAL MEANS TO GET SUBSCRIBED THE ISSUE.
405. RATAN |Nov 10, 2009 12:49
Chandra pal singh G is right to some extent. But one should remember that MUNDRA PORT was heavily oversubscribed by QIBs and then they decided to buy the stock from open market at higher price. it is reasonable that if demad is high, price should go up. BUT in the case of INDIABULLS POWER 60% portion of QIB oversubscribed by more than 40 times(all bids at upper band) not a single bid even at rs. 44/- but all at 45/-. now what happened in between those 15 days of closure and listing, that none of those 39 times oversubscribers of 60% quota are willing to buy balance 40% shares even at lower end of the price band. not at 40/-, 38/-, even 35/- or even less than that . total volume also remains very less during the whole day in nSE and Bse. This simply means there is some thing seriously wrong in the subscription of this issue. SEBI SHOULD ENQUIRE THE EXCEPTION THINGS.
404. Ravi, Bangalore |Nov 10, 2009 11:57
401. KRISHNA AGARWAL

403. chandra p singh is right.

I have applied thinking that fundamentally it has value of Rs.51. However, in opening it fell to 39 (breaching price band of 40-45). I booked loss immediately 2100 x 6 = Rs.12,600.

If stock breaches issue price, my opinion is bearish & investors should EXIT booking loss.

Now, I am waiting for right opportunity to enter the stock. It has not given BUY signal technically.

It is better than Adani Power (valuation is cheaper than Adani). Adani power plant may set-up in 2011 & Indiabulls in 2012 but huge valuation discount is reflecting that disparity.

No use of blaming anybody. We should take responsibility for our money.
403. ENGG MAN |Nov 10, 2009 06:29
currently we are seeing selling by retail investor in this share.for first one week there was selling from HII. My advice to retailer, hold it will shortly bounce back . If it rises to 40 level then u can see covering by short seller can even cross allotment price in ten trading session. JUST HOLD IT ,IF POSSIBLE ACCUMULATE AT ANY PRICE BELOW 30.







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