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.