Indiabulls Power IPO : Listing disappoints

by khalid on 31/10/2009 · 0 comments

India-Bulls

Indiabulls Power shares listed in Share Market on 30th Oct 09 at Rs 45.05 just near its issue price of Rs 45. It touched an intraday high of Rs 45.05 and intraday low of Rs 35.35. Share disappoints investors on its its first trading session at a hefty discount of 15.11%. The share closed at Rs 38.20 on the NSE.

The issue had opened for subscription during October 12-15 with 39.07 crore equity shares, including a green shoe option of retaining 5.09 crore equity shares. It received an overwhelming response from investors, especially QIBs (qualified institutional investors) and was subscribed 21.84 times.

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