IPO Updates: Indiabulls Power IPO- Experts Views | What's your take?

Indiabulls Power IPO received overwhelming response from the investors, especially QIBs and HNIs. At the end of day 1 IPL IPO subscribed by almost 6 times and 10 times in QIB portion. Price band is fixed at Rs 40-45 per equity share and lot size is of 150 equity shares and in multiples of 150 shares thereafter. IBP's IPO is closing on October 15.

What is your take on it?
Strength:
1. Successful history of Indiabulls Group
2. Experienced management team with a track record of project Execution
3. Strong Portfolio of Power Generation Project
4. FIM Limited and LNM India Internet Ventures Limited are strategic parteners
5. The Company has entered into long-term power off-take arrangements for the Amravati Phase I Power Project and the Bhaiyathan Power Project


What experts say?

Prabhudas Lilladher : This scrip is attractive even at this value. One should must subscribe for it. This trade will be in profit for midterm to long term.

SP Tulsian: The lowerband of this issue Rs. 40 is a real value of this share. Any thing above Rs 40 will make is over valued. This company is 40% of the Adani Power company and Rs.40 is the 40% valuation of Adani Power IPO. Adani power listed on BSE NSE a month back at Rs. 100 per share.