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Indiabulls Power IPO is a book build issue of ₹1,758.15 crores. The issue is entirely a fresh issue of 39.07 crore shares of ₹1,758.15 crore.
Indiabulls Power IPO bidding started from Oct 12, 2009 and ended on Oct 15, 2009. The shares got listed on BSE, NSE on Oct 30, 2009.
Indiabulls Power IPO price band is set at ₹45.00 per share . The lot size for an application is 150. The minimum amount of investment required by an retail is ₹6,000 (150 shares). The lot size investment for sNII is 30 lots (4,500 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (22,350 shares), amounting to ₹10,05,750.
Morgan Stanley India Co.Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of 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 |
| Issue Price Band | ₹40 to ₹45 per share |
| Issue Price Final | ₹45 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 39,07,00,000 shares (aggregating up to ₹1,758.15 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,65,90,00,000 shares |
| Share Holding Post Issue | 2,04,97,00,000 shares |
Indiabulls Power IPO offers total 39,07,00,000 shares. Out of which 23,44,20,000 (60.00%) allocated to QIB, 17,32,56,000 (44.35%) allocated to QIB, 3,90,70,000 (10.00%) allocated to NII, 11,72,10,000 (30.00%) allocated to RII and 6,11,64,000 (15.65%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 23,44,20,000 (60.00%) | NA |
| − Anchor Investor Shares Offered | 6,11,64,000 (15.65%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 17,32,56,000 (44.35%) | NA |
| NII (HNI) Shares Offered | 3,90,70,000 (10.00%) | NA |
| Retail Shares Offered | 11,72,10,000 (30.00%) | 7,81,400 |
| Total Shares Offered | 39,07,00,000 (100.00%) |
Indiabulls Power IPO opens on October 12, 2009, and closes on October 15, 2009.
| IPO Open Date | Mon, Oct 12, 2009 |
| IPO Close Date | Thu, Oct 15, 2009 |
| Tentative Listing Date | Fri, Oct 30, 2009 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Oct 15, 2009 |
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹6,750 |
| Retail (Max) | 29 | 4,350 | ₹1,95,750 |
| S-HNI (Min) | 30 | 4,500 | ₹2,02,500 |
| S-HNI (Max) | 148 | 22,200 | ₹9,99,000 |
| B-HNI (Min) | 149 | 22,350 | ₹10,05,750 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 Company Indiabulls Power IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | To part finance the construction and development of the 1,320 MW Amravati Power Project Phase – I | 68,880.00 |
| 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 | 60,480.00 |
| 3 | General corporate purposes. | 543.00 |
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 |
| BSE Listing Group | B |
Indiabulls Power Ltd.
E-29, First Floor,
Connaught Place,
New Delhi - 110001
New Delhi, New Delhi
Phone: (91 11) 3047 6300
Email: poweripo@indiabulls.com
Website: http://www.indiabulls.com/power
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: varghese@karvy.com
Website: https://ipostatus.kfintech.com/
Indiabulls Power IPO is a main-board IPO of 39,07,00,000 equity shares of the face value of ₹10 aggregating up to ₹1,758.15 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 150.
The IPO opens on October 12, 2009, and closes on October 15, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Indiabulls Power IPO using UPI as a payment gateway. Zerodha customers can apply in Indiabulls Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Indiabulls Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Indiabulls Power IPO opens on October 12, 2009 and closes on October 15, 2009.
Indiabulls Power IPO lot size is 150, and the minimum amount required for application is ₹6,750.
You can apply in Indiabulls Power IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Indiabulls Power IPO listing date is on Friday, October 30, 2009.
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