Indiabulls Power IPO : Price band decided

by khalid on 08/10/2009 · 0 comments

India Bulls

Indiabulls Power is almost fixes a price band of Rs 42-45 per share for its proposed IPO which is expected to open on 12th October 09.

Calculated on the upper end on the price band, the company, a unit of Indiabulls Real Estate, would mop-up around Rs 1700 crore through this IPO.

The company is planning to tap the capital markets to raise funds to part finance the construction and development works at its power projects and other corporate purposes.

The total IPO size of the company along with the green shoe option stands at 39.07 crore shares. Of this, the IPO would be of 33.98 crore equity shares of Rs 10 each and a green shoe option of up to 5.09 crore equity shares.

Allotment status can be seen here after the IPO is closed :- My Allotment Status

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