Bookbuilding IPO | ₹1,758 Cr | Listed at BSE, NSE | Mon, Oct 12, 2009 - Thu, Oct 15, 2009
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 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹6,750 (150 shares) (based on upper price). 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 Open
Mon, Oct 12, 2009
IPO Close
Thu, Oct 15, 2009
Issue Price
₹45 per share
Market Cap (Pre-IPO)
₹9,223.65 Cr
| IPO Date | 12 to 15 Oct, 2009 |
| Listed on | Fri, Oct 30, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹40 to ₹45 |
| Issue Price | ₹45 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 39,07,00,000 shares (agg. up to ₹1,758 Cr) |
| Fresh Issue | 39,07,00,000 shares (agg. up to ₹1,758 Cr) |
| Share Holding Pre Issue | 1,65,90,00,000 shares |
| Share Holding Post Issue | 2,04,97,00,000 shares |
| BSE Script Code / NSE Symbol | 533122 / RTNPOWER |
| ISIN | INE399K01017 |
Indiabulls Power IPO comprises a total issue size of 39,07,00,000 shares. Out of which, 23,44,20,000 (60.00%) are allocated to QIB, 3,90,70,000 (10.00%) allocated to NII 11,72,10,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To part finance the construction and development of the 1,320 MW Amravati Power Project Phase – I | 775.00 |
| 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 | 660.00 |
| 3 | General corporate purposes. | 54.30 |
| Total | 1,489.30 |
| KPI | |
|---|---|
| RoNW | 4.6% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 71.43% | 59.23% |
| Market Cap | ₹9,223.65 Cr. |
The Indiabulls Power IPO is subscribed 21.84 times on October 15, 2009 5:00:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 40.49 | 14,27,16,000 | |
| NII | 5.76 | 3,39,80,000 | |
| Retail | 1.09 | 10,19,40,000 | |
| Total | 21.84 | 27,86,36,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission, brokerage and advisor fees | 19.11 |
| 2 | Advertising and marketing expenses | 12.74 |
| 3 | Printing and stationery | 4.95 |
| 4 | Registrar to the Issue | 0.25 |
| 5 | Others (Monitoring agency fees, listing fee, etc.) | 2.75 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹45.00 | ₹45.00 |
| Open | ₹44.95 | ₹45.05 |
| Low | ₹35.00 | ₹35.35 |
| High | ₹45.50 | ₹45.05 |
| Last Trade | ₹39.25 | ₹39.50 |
Lead Manager Reports
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 Crores. The issue is priced at ₹45 per share. The minimum order quantity is 150.
The IPO opens on Mon, Oct 12, 2009, and closes on Thu, Oct 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 Mon, Oct 12, 2009 and closes on Thu, Oct 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 Fri, Oct 30, 2009.
