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Monday, October 12, 2009

Indiabulls Power — IPO: Avoid

my woes end likewise with the evening sun

Image by harold.lloyd (won't somebody think of the bokeh?) via Flickr

Indiabuls Power Ltd. has entered the capital markets with an issue of 33.98 Crore shares of Rs. 10 each at a price band of Rs. 40-45 per share.The company is currently in the process of setting up its power plants and there will not be a any single rupee income for atleast next 2-3 years. In view of NHPC and Adani Power’s performance in the bourses, we recommend Avoid. It is not worth investing and no meaning in spending more time on reviewing this issue.  

Posted By R John Christy at 6:50 AM Labels:
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