1) Brand name is key here.
2) PE could be deceptive.
3) Projects can take longer in execution.
4) Land bank no longer a buzz word.
If you are to ask me i would any day go with a company like Mudra Ports SEZ
If you are acculumation mode go for the bigges , DLF , Unitech and others that you may like.
Reliance is worth more after todays news , pile onto it.
In reply to
Lots of Real Estate firms r coming up with IPOs. Though at this point of time, this sector is not very attrative but i m sure that this is a cyclic trend (as v hv witnessed in Sugar, Banks, OMCs and IT).
I feel one should accummulate .. whats your version ??
You wrote: "its better to apply if the company is actually running business instead of proposal of starting such business".
Bro, i think u forgot that v all hv earned even from LOSS MAKING COMPANIES (remember Spice Tele) !!
Its market bro, nobody can predict. I fully remember, after the fate of Adani and NHPC lot of boarders/IPO Investors didnt apply in OIL India. EXPERTS said that OIL wouldsurely hit 900 on the listing day itself. U know what has happened.
So, just wait and see the overall response and then decide :-)
I dont know that fact that SEBI had given any chance to Indiabulls Power to revise the DRHP.
To my mind, there was such a rush as by filing DRHP before the end of September 2009 as companies can file their DRHPs based on the audited results of March 2009.
If the DRHPs are filed after September 30, the companies will have to go through the tedious process of carrying out a special audit for the month of September. By filing it before the end of September, these companies have saved a lot of time and money.
Some of the companies that filed their DRHPs between September 28 and 30 include Reliance Infratel(Rs. 5,000 crore), Emaar MGF (Rs 3,850 crore), Sahara Prime City (Rs 3,450 crore), Lodha Developers (Rs 3,000 crore), IL&FS Transportation Networks (Rs 600 crore) and Mandhana Industries (Rs 250 crore).
Further, Indiabulls Power had planned to place 9 crore shares at Rs 43.8 per share with arms of banks like IDFC, SBI, Axis Bank, HDFC Bank and ICICI Bank.
Above all, i want to make it clear that i m not advocating Indiabulls Power, but just want to put facts in front of the boarders.
All of u may ask questions in this regard, if u still have any doubt !
U r right that the Indiabulls pre-ipo placement was withdrawn. But the actual reason was that the management didnt mention this pre-ipo placement in their DRHP to SEBI. If they went ahead with this placement, then probably SEBI might have objectedand then they would be forced to refile the DRHP. Thats why they withdrew it inspite of getting good response from anchor investors.
Started in September 2007, Indiabulls Power is in the business of developing thermal and hydro power projects. The Company has five thermal power projects under development, which will have a combined installed capacity of 6,615 MW. Projects include -:
1 - Amravati Phase I Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
2 - Nashik Power Project will consist of five units of 135 MW each and two units of 330 MW each, with a combined capacity of 1,335 MW.
3 - Bhaiyathan Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
4 - Amravati Phase II Power Project will have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
5 - Chhattisgarh Power Project is expected to have two super-critical units of 660 MW each, with combined capacity of 1,320 MW.
Apart from these projects, the Company is developing four medium sized hydro-power projects of 60 MW, 30 MW, 46 MW and 31 MW in Arunachal Pradesh.
Indiabulls has also entered into MoUs with the Govt. of Madhya Pradesh and Jharkhand for setting up of 2640 MW & 1320 MW Thermal Power Projects in each of these States respectively. Besides these, several power projects are currently under evaluation in various parts of India.
I also agree. I think under current situation, its better to apply if the company is actually running business instead of proposal of starting such business. If India bulls does have business already, better not to apply.
I agree with you that this Indiabulls ipo is not worth applying or even spending any time considering the same. It may become another rel power.
Also a small piece of suggestion here, (just my thought, don`t take it otherwise) please don`t read too much in to the subscription figures on the second last or last day. You konw what happened to Adani/NHPC and the infamous Rel Power issues, right? I am now sitting with lot of these shares today and may have to be prepared for indefinite wait..