Indiabulls Power, a subsidiary of Indiabulls Realty has fixed its initial public offering (IPO) price band at Rs 40-45 per share. The minimum bid lot will be 150 equity shares.

The IPO of 390, 700,000 equity shares, including a green shoe option of retaining 50,900,000 equity shares will open for subscription on October 12, 2009 and close on October 15.