Investors did not made any money from NHPC and Adani Power IPO’s and we now see one more Power IPO coming and this time its Indiabulls Power IPO. IndiaBulls as a company started with stock brokerage firm and then slowly moved into real estate as well. Now getting into Power generation.
The price band for shares of Indiabulls Power IPO is 42-45 Rs. per share and will be open for subscription from 12th Oct 2009 till 15th Oct 2009. CRISIL rated Indiabulls power as 3 out of 5, which indicates average fundamentals. One of the worst point according to me is that the promoters don’t have any experience in the power sector and just looking at the demand prospects in India for Power they have got into power venture. Its one of the few IPO’s where investors should keep themselves away.