The Indian Government seems to be in Love with Dirty Energy. At a time world over, Governments are bent upon closing their coal fired power plants, India seems to be happily permitting companies to operate in this area. What the Government nor the promoters of IndiaBulls Power don’t see is the implication of the Carbon Credit after 2010 on such Dirty Energy Plants.
Energy IPO Bubble – All of a sudden their is mad rush for Power companies as Merchant Bankers and the media together have painted a rosy picture of this dirty Energy company.All the power companies raising money are doing at uncalled PREMIUM. Kindly stay away from such dirty energy companies.
Greedy Promoters of IndiaBulls – Premium Unjustified – Get the facts right – Promoters of IndiaBulls Power have allotted shares to themselves at a price of Rs 5 [after 1:1 Bonus] and you have been offered the same at price of Rs 40 to Rs 45. The company doesn’t see any cash flow until 2013 and the power plant is yet to be constructed. All they have is on paper approval. Investors MUST stay away from the IPO of third rate companies such as IndiaBulls Power.