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IPO Watch: October 2005 ArchivesSuzlon Energy - India's wind turbine manufacturer who make machines from 350 kw to 2 mw in size - completed its listing on the Bombay Stock Exchange, with the issue reportedly oversubscribed more than 45 times. Suzlon raised a total of INR 13.6bn (USD 310m). The company also delivers turnkey wind farms (ones with all the necessary turbines and electrical infrastructure in place literally ready to turn on), most notably Asia's largest in Vankusawade of 201 mw. What's impressive is that Suzlon is reaching the required design standards of West European manufacturers - Germanische Lloyd - and is able to sell turbines as far afield as Minnesota USA. Assuming the de-industrialization of Western Europe continues, expect Suzlon to be a key benefactor. Australian financial group Babcock and
Brown announced plans to list its partially owned investment vehicle,
Global Wind Partners, on the Australian Stock Exchange. The company will be
renamed Babcock and Brown Wind Partners (BBWP) and market capitalisation expected to be in the region of AUD
657m-692m. Just before its IPO, German PV cell manufacturer Q-Cells has raised the price range for its
Deutsche Bourse IPO from EUR 29-34 (USD 35-41) to EUR 35-38 (USD 42-46). |

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