RR Financial Consultants' report:
If we assume a capacity of 6600 MW for Indiabulls Power the M Cap / MW would come out to be 1.20 – 1.35 at either of the price bands. However, other players have capacities in operation while and are expected to have significantly higher capacities by the time Indiabulls starts its operations. Hence the discount is justified considering the size of operations and schedule of cash flow generation. Considering the potential and scalibility of operations, the issue can be subscribed to by an investor willing to hold it for 3 or more years to fully realise and profit from the business potential of the company.
For Inidbulls Power IPO subscription details and allotment status, please visit: Indiabulls Power IPO
