Indiabulls Power Limited which opened for subscription on the 12th of October and closed on the 15th of October is to list tomorrow, Friday the 30th of October 2009. This issue is opening in the backdrop of a sharp fall in the markets over the last few days and the debacle which the last two power issues from Adani power and NHPC saw.
Mega power IPO’s which are in the pipeline like JSW Energy limited and JP Power would also be keenly watching the performance of this issue.
Allotment of shares and the crediting of shares into demat accounts of successful applicants has begun yesterday. The shares are likely to be listed next week between the 2nd and 4th of November.
Den Networks limited has completed yesterday its placement to two anchor investments. The placement was done at Rs 205 which is the top end of the price band. The IPO has opened today and closes on Friday the 30th of October 2009.
| Anchor Investors | |
| Emerging India Focus Fund | 18,25,020 |
| Indea capital Pte Ltd – A/c Indea Long Term Opportunities Master Fund | 5,70,000 |
| Total | 23,95,020 |
