Indiabulls Power IPO to start on Oct 12

Last Updated: Monday, October 5, 2009 - 21:00

New Delhi: The proposed initial public offering of Indiabulls Power is likely to start on October 12, investment banking sources said.

The company is planning to garner as much as Rs 1,500
crore through the said IPO and has filed the draft prospectus
with market regulator SEBI in July this year.

"The initial public offering of Indiabulls Power would
open on October 12 and would close on October 15," the
investment banking sources said.

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. The IPO would be of
33.98 crore equity shares of Rs 10 each along with a green
shoe option of up to 50,900,000 equity shares. P

Bureau Report



First Published: Monday, October 5, 2009 - 21:00
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