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Indiabulls Power IPO is a book built issue of Rs 1,529.10 crores.
Indiabulls Power IPO bidding started from October 12, 2009 and ended on October 15, 2009. The shares got listed on BSE, NSE on October 30, 2009.
Indiabulls Power IPO price band is set at ₹40 to ₹45 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹6,750.
Morgan Stanley India Company Pvt Ltd is the book running lead manager of the Indiabulls Power IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Indiabulls Power IPO RHP for detailed information.
IPO Date | October 12, 2009 to October 15, 2009 |
Listing Date | October 30, 2009 |
Face Value | ₹10 per share |
Price Band | ₹40 to ₹45 per share |
Lot Size | 150 Shares |
Total Issue Size | 339,800,000 shares (aggregating up to ₹1,529.10 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 1,659,000,000 |
Share holding post issue | 2,049,700,000 |
Indiabulls Power IPO offers 278,636,000 shares. 142,716,000 (51.22%) to QIB, 33,980,000 (12.20%) to NII, 101,940,000 (36.59%) to RII. 679,600 RIIs will receive minimum 150 shares and (sNII) and (bNII) will receive minimum 4,500 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 142,716,000 (51.22%) | NA |
NII (HNI) Shares Offered | 33,980,000 (12.20%) | |
Retail Shares Offered | 101,940,000 (36.59%) | 679,600 |
Total Shares Offered | 278,636,000 (100%) |
Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 150 | ₹6,750 |
Retail (Max) | 29 | 4350 | ₹195,750 |
Lot Size Calculator |
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.
Share Holding Pre Issue | 71.43% |
Share Holding Post Issue | 59.23% |
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.
KPI | Values |
---|---|
RoNW | 4.6% |
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 � I;
2. Funding equity contribution in the Company�s wholly owned subsidiary, IRL, to part finance the construction and development of the 1,335 MW Nashik Power Project; and
3. General corporate purposes.
The Indiabulls Power IPO is subscribed 21.84 times on October 15, 2009 5:00:00 PM. The public issue subscribed 1.09 times in the retail category, 40.49 times in the QIB category, and 5.76 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 40.49 |
NII | 5.76 |
Retail | 1.09 |
Total | 21.84 |
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.
Listing Date | October 30, 2009 |
BSE Script Code | 533122 |
NSE Symbol | RTNPOWER |
ISIN | INE399K01017 |
Final Issue Price | ₹45 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹45.00 |
₹44.95 |
₹35.00 |
₹45.50 |
₹39.25 |
NSE |
---|
₹45.00 |
₹45.05 |
₹35.35 |
₹45.05 |
₹39.50 |
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
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: varghese@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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 share. The minimum order quantity is 150 Shares.
The IPO opens on October 12, 2009, and closes on October 15, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Indiabulls Power IPO opens on October 12, 2009 and closes on October 15, 2009.
Indiabulls Power IPO lot size is 150 Shares, and the minimum amount required is ₹6,750.
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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
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.
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