Day Trading Tips, Day Trading Stocks, Day Trading Guide, Stock Trading, Stock Tips

Indiabulls Power IPO (IPL)

October 12, 2009 by

The issue opened on October 12 for subscription with 39.07 crore equity shares shares, including a green shoe option of retaining 5.09 crore equity shares. The price band is fixed at Rs 40-45 per equity share and the minimum bid lot is of 150 equity shares and in multiples of 150 shares thereafter. The issue will close on October 15, 2009.

The company has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. Projects include -:

1. Amravati Phase I Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
2. Nashik Power Project will consist of five units of 135 MW each and two units of 330 MW each, with a combined capacity of 1,335 MW.
3. Bhaiyathan Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
4. Amravati Phase II Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
5. Chhattisgarh Power Project is expected to have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.