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| PRE ISSUE REPORT |
| INDIABULLS POWER LIMITED |
| OPENS ON : 12/10/2009 |
CLOSES ON : 15/10/2009 |
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| Company Details: |
- Started in September 2007, Indiabulls Power Business has seen tremendous growth since inception. Indiabulls has ventured into the power business to take advantage of the opportunities presented by the huge gap in Demand and Supply of power in India and plans to develop, construct and operate power projects domestically and internationally.
- Indiabulls is participating in various Coal based Thermal, Hydro and Renewable Energy projects as well as is actively pursuing various coal mining opportunities.
- Indiabulls is currently developing Five Thermal Power Projects with an aggregate capacity of 6600 MW. These projects include, Amravati Phase-I (1320 MW), Amravati Phase-II (1320 MW), Nasik (1335 MW) in Maharashtra, Bhaiyathan Thermal Power Project (1320 MW) & Chhattisgarh Power Project (1320 MW) in the State of Chhattisgarh.
- In addition to the above Indiabulls is also developing four medium size Hydro Power Projects in Arunachal Pradesh aggregating to 167 MW. Indiabulls has also entered into MoUs with the Govt. of Madhya Pradesh and Jharkhand for setting up of 2640 MW & 1320 MW Thermal Power Projects in each of these States respectively. Besides these, several power projects are currently under evaluation in various parts of India.
- The proceeds of the proposed IPO will part finance the construction and development of the 1,320 MW Amravati Power Project Phase I, fund equity contribution in the company’s wholly owned subsidiary to part finance the construction and development of 1,335 MW Nashik Power Project, apart from general corporate purposes.
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| Issue Details: |
| Face Value |
: |
Rs.10/ - per share. |
| Floor Price |
: |
Rs 40/ - per share |
| Cap Price |
: |
Rs.45/- per share |
| Minimum Application |
: |
150 Equity Shares |
| Lot Size |
: |
150 Equity shares & in multiples of 150 Equity shares thereafter. |
| Issue Size |
: |
339,800,000 Equity Shares [Excluding Green Shoe Option of 50,900,000 Equity Shares and including Anchor investor portion up to 61,164,000 equity shares] |
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| Book Running Lead Manager : |
- Morgan Stanley India Company Private Limited
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| Registrar to the Issue. |
- Karvy Computershare Private Limited
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
23,44,20,000 shares (60% of the Net issue size) [ 203,880,000 + 30,540,000] |
| 2. |
HNI |
3,90,70,000 Shares (10% of Net issue size) [33,980,000 + 5,090,000 |
| 3. |
Retail |
11,72,10,000 shares(30% of Net issue size) [101,940,000 + 15,270,000] |
| Total Issue Size |
1+2+3+4 |
Rs.1529Crs (without green shoe) - Rs.1758Crs (with green shoe) (Approximately)
(Note :Total Includes Green Shoe Option Of Up To 50900000 Shares.) |
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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