Friday, November 6, 2009

IndiaBulls Power IPO - Listing details

IndiaBulls Power IPO had opened for subscription during October 12-15 with 39.07 crore equity shares shares, including a green shoe option of retaining 5.09 crore equity shares. It received an overwhelming response from investors, especially from qualified institutional investors and was subscribed 21.84 times. The listing, on the contrary, was disappointing.

IndiaBulls Power had listed at Rs 45.05 on the NSE, near its issue price and on the BSE, the share opened at Rs 44.95, below its issue price.

The issue ended its first trading session at a hefty discount of 15.11% to its issue price of Rs 45. The share closed at Rs 38.20 on the NSE. It touched an intraday high of Rs 45.05 and intraday low of Rs 35.35. The total traded quantity was 17,38,96,773 shares and turnover was at Rs 68,776.17 lakh.

On the BSE, the share closed at Rs 39.25 at a hugh discount of 12.78% to its issue price. It touched an intraday high of Rs 45.50 and intraday low of Rs 35.

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