Issue Open | Oct 12, 2009 |
Issue Close | Oct 15, 2009 |
IPO Price | ₹45 |
Face Value | ₹10 |
IPO Size | ₹1,529.10 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 150 |
INDIABULLS POWER
LIMITED.
(The Company was originally Incorporated as Sophia Power Company Limited
on October 8,2007, as a public limited company under the Companies Act, 1956. The
Company's name was changed to Indiabulls Power Limited, pursuant to a special resolution
dated July 4,2009. A fresh certificate of incorporation consequent upon the name change
was granted to the Company on July 7,2009.) BASIS OF ALLOTMENT PUBLIC ISSUE OF 339,800,000 EQUITY SHARES OF RS.10 EACH OF INDIABULLS POWER LIMITED. ("IPL" OR THE "COMPANY" OR THE "ISSUER") FOR CASH AT A PRICE OF RS.45 PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF RS. 35 PER EQUITY SHARE) AGGREGATING TO RS.15,291 MILLION (THE "ISSUE"). THERE WILL ALSO BE A GREEN SHOE OPTION OF UP TO 50,900,000 EQUITY SHARES FOR CASH AT A PRICE OF RS.45 PER EQUITY SHARE AGGREGATING TO RS. 2,290.50 MILLION (THE "GREEN SHOE OPTION"). THE ISSUE AND THE GREEN SHOE OPTION, IF EXERCISED IN FULL, WILL AGGREGATE TO 390,700,000 EQUITY SHARES AMOUNTING TO RS. 17,581.50. THE ISSUE WILL CONSTITUTE 16.98% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF THE COMPANY ASSUMING THAT THE GREEN SHOE OPTION IS NOT EXERCISED AND 19.04% ASSUMING THAT THE GREEN SHOE OPTION IS EXERCISED IN FULL. THE FACE VALUE PER EQUITY SHARE IS RS.10 EACH. THE ISSUE PRICE PER EQUITY SHARE IS RS.45 OR 4.5 TIMES THE FACE VALUE. In terms of Rule 19(2)(b) of the Securities Contracts Regulations Rules, 1957
("SCRR"), this being an Issue for less than 25% of the post-Issue capital, the
Issue was made through the 100% Book Building Process wherein at least 60% of the Issue
was to be allocated on a proportionate basis to QIB Bidders ("QIB Portion"). The
Company had allocated 61,164,000 Equity Shares or 30% of the QIB Portion to Anchor
Investors on a discretionary basis. ("Anchor Investor Portion"). Further
5% of the QIB Portion (excluding Anchor Investor Portion) was available for allocation on
a proportionate basis to Mutual Funds only and the remainder of the QIB Portion was
available for allocation on a proportionate basis to all QIB Bidders, including Mutual
Funds, subject to valid Bids being received at or above the Issue Price. If at least 60%
of the Issue could not have been allocated to QIBs, then the entire application money
would have been refunded forthwith. Further, not less than 10% of the Issue was available
for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30%
of the Issue was available for allocation on a proportionate basis to Retail Individual
Bidders, subject to valid Bids being received at or above the Issue Price.
Final Demand
The Basis of Allocation was finalized in consultation with the Designated Stock Exchange, being the Bombay Stock Exchange Limited ("BSE") on October 26, 2009. A. Allocation to Retail Individual Investors (Including Applications Supported by
Blocked Amount ("ASBA")) (After Technical Rejections) B. Allocation to Non Institutional Investors (After Technical Rejections)
C. Allocation to QIBs (excluding Anchor Investor Portion)
D. Anchor Investors INVESTORS PLEASE NOTE All future correspondence in this regard may kindly be addressed to the Registrar to the Issue quoting full name of the First/ Sole applicant, serial number of the Bid-cum-Application Form, number of Equity Shares bid for, name of the Member of the Syndicate, place where the bid was submitted and payment details at the address given below: Karvy Computershare Private Limited TOLL FREE - HELPLINE NUMBER
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET
PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF INDIABULLS POWER
LIMITED. |
The Indiabulls Power IPO basis of allotment (published above) tells you how shares are allocated to you in Indiabulls Power IPO and category wise demand of IPO share.
Visit the Indiabulls Power IPO allotment status page to check the number of shares allocated to your application.
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