Indiabulls Power IPO: Review Analysis & Details

The IndiaBulls company, which started its business as a stock brokerage firm and then moved into real estate and other ventures, is now coming out with another IPO. There is a new IPO called Indiabulls Power IPO which is going to hit the primary stock markets on October 12th, 2009.
The Initial Public Offering is the Company in the business of Power and is called Indiabulls Power Limited.
In this article, we will look at the Review, Analysis and Details of the Indiabulls Power IPO and try to do the Review and analysis of Indiabulls Power IPO.
Some basic details first about the Indiabulls Power IPO:
What is the issue size of the Indiabulls Power IPO?
The Indiabulls Power issue size is expecting to raise around 1600 to 1800 crore Rupees from the primary stock market, by floating its shares.

How is the share distribution done?
The IPO consists of issuance of around 336 million shares which will be in the open market. Around 50 million share will be in the green shoe option No info is available about the employee quota or reservation of shares for the employees.
The IPO issue of Indiabulls Power would constitute around 17% per cent of the company's post issue paid up capital.

How will the capital raised by Indiabulls Power IPO be used?
The company would use the IPO proceeds for expansion of its business at Nasik & Amravati power projects of Indiabulls Power Limited.

What is the price band of the Indiabulls Power IPO
The price band for shares of Indiabulls Power IPO is 42-45 Rs. per share.

What is the trading symbol & exchange for the Indiabulls Power IPO
No info is available about the trading symbol.

What are the IPO dates for Indiabulls Power IPO
The IPO for Indiabulls Power is going to open on 12 October 2009 and will close on 15th Oct 2009.

What is the business prospect and company profile of Indiabulls Power?
The company has presence in multiple sectors - brokerage and financial services being the primary one. They are also into retail stores management and real estate management.

Who are the underwriters of the Indiabulls Power IPO?
Morgan Stanley India are the BRLM or Book Running LEad Managers of the issue. Karvy are the Registrar. To get the Allotment status of Indiabulls Power IPO visit www.karvy.com/ipoStatus

What are the analysts recommendations for this IPO?
No recommendations from market analysts are available as of now