Indiabulls Power price band

Indiabulls Power is likely to fix a price band of Rs 42-45 per share for its proposed IPO, which is expected to start on 12th of October.
The price band of the Indiabulls Power IPO is likely to be Rs 42-45. Calculated on the upper end on the price band, the company would collect around seventeen hundred crore rupees through this IPO.
The IPO is expected to open on twelve of October and would close on mid of October.
Indiabulls Power had filed the draft prospectus with market regulator Sebi in July this year and on 1st of October; it filed the red herring prospectus with the Registrar in this regard.
The company is planning to knock the capital markets to raise funds to part finance the construction and development works at its power projects and other corporate purposes.