Monday, October 5, 2009

Indiabulls Power Ltd IPO Opening on Oct 12 to Oct 15

The initial public offering (IPO) of Indiabulls Power Ltd, a subsidiary of IBREL (Indiabulls Real Estate) will hit the market between October 12, 2009 to October 15, 2009. Indiabulls Power Limited is a power project development company and develops and intends to operate and maintain power projects in India.

Indiabulls Power Ltd has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. These projects include, Amravati Phase-I (1320 MW), Amravati Phase-II (1320 MW), Nasik (1335 MW) in Maharashtra, Bhaiyathan Thermal Power Project (1320 MW) & Chhattisgarh Power Project (1320 MW) in the State of Chhattisgarh.

Indiabulls Power is entering in the capital markets with an initial public offering, IPO of 339,800,000 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue. The price band for the issue has been fixed at Rs 40/- at lower level and Rs 45/- at upper level for equity share of Rs 10/-.

Detailed information is now available on Indiabulls Power Ltd IPO information page.

Important Links:

Indiabulls Power Ltd IPO
Indiabulls Power Ltd IPO Allotment Status
Indiabulls Power IPO Listing Date