Indiabulls Power started very weakly on Friday as it got a lukewarm response from investors. It ended with a downfall of 13% over its issue price. Indiabulls Power is listed in Bombay Stock Exchange.

The company lifted Rs 1700 crore with the help of public offer of 39.08 crore shares. It has decided to keep the price at the upper end of the price band.

Indiabulls power is listed in National Stock Exchange too, and it fell down by 15.11% at Rs 38.20 there. The company has observed an intra-day low of Rs 35.35 on the National Stock Exchange.

Under the second term of Congress-led UPA government, Mumbai based NHPC would list its shares on the stock exchanges on September 1.

It would be the first public sector firm to be available for trade.

The statement issued by the Bombay Stock Exchange (BSE) said, “From September 1, the equity shares of NHPC Ltd shall be listed and admitted to dealing in the exchange.”

The issue price of NHPC shares has been fixed at Rs 36 per share.