Ind-Barath Power Infra (IBPIL) IPO : Files DRHP With SEBI

by khalid on 12/07/2010 · 0 comments

Ind-Barath Power Infra (IBPIL) is a power generation company having combined power generation capacity of 291 MW. The company has five power projects under implementation, which will increase the combined power generation capacity by 1,728 MW. The company has filed a Draft Red Herring Prospectus (DRHP) with market regulator SEBI to float its first public issue, Initial Public Offer (IPO), of the Equity Shares. The company plans to raise money from primary market with an IPO of equity shares of face value Rs 10 each, with a premium decided by the 100% book building process.

The money raised by this proposed IPO would be around Rs 11,400 million. Out of this the company is also considering a pre-IPO placement up to Rs 1700 million with various investors like CVCI selling shareholders, Unit Trust of India (UTI) and Sriba Seabase Private Limited.

The objects of the fresh issue are: Funding equity contribution in subsidiaries to part finance the construction and development costs associated with Identified Projects.

Book Running Lead Managers (BRLMs) to the offer are M Financial Consultants Private Limited, Motilal Oswal Investment Advisors Private Limited, BofA Merrill Lynch (DSP Merrill Lynch Limited), IDFC Capital Limited and Avendus Capital Private Limited.

Stay tuned to BelltheBull Blog for more on Ind-Barath Power Infra IPO!

Source : BelltheBull

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