JINDAL POWER LIMITED IPO

Our Company was incorporated as “Jindal Power Limited” on January 30, 1995 in Gwalior, Madhya Pradesh, under the Companies Act, 1956, as amended
(the “Companies Act”) with the Registrar of Companies, Madhya Pradesh and Chhattisgarh, Gwalior.
Registered Office: Jindal Power Limited, Tamnar 496 107, District Raigarh, Chhattisgarh, India; Tel.: + (91 7767) 302 000; Fax: + (91 7767) 281 995;
Corporate Office: Jindal Power Limited, Jindal Centre, 12, Bhikaiji Cama Place, New Delhi 110 066 India; Website: www.jindalpower.com;
Deputy Company Secretary and Compliance Officer: Mr. Dhiraj Kumar Maggo; E-mail: dhiraj.maggo@jindalpower.com
For details of changes in the registered office of our Company, see “History and Certain Corporate Matters” on page 130.
THE PROMOTERS OF OUR COMPANY ARE JINDAL STEEL & POWER LIMITED, GAGAN INFRAENERGY LIMITED AND OPELINA FINANCE AND INVESTMENT LIMITED

In case of revision in the Price Band, the Bidding Period will be extended for three additional Working Days after the revision of the Price Band subject to the Bidding Period not
exceeding 10 Working Days. Any revision in the Price Band and the revised Bidding Period, if applicable, will be widely disseminated by notification to the Bombay Stock Exchange
Limited (the “BSE”) and the National Stock Exchange of India Limited (the “NSE”), by issuing a press release, and also by indicating the change on the websites of the Book Running
Lead Managers (“BRLMs”) and the Co-Book Running Lead Manager (“CBRLM”) and at the terminals of the members of the Syndicate.
In terms of Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957, as amended, (the “SCRR”) read with Regulation 41(1)(a) of the Securities and Exchange Board of India
(Issue of Capital and Disclosure Requirements) Regulations, 2009 (the “SEBI Regulations”), this being an Issue for less than 25% of the post Issue paid-up equity capital, the Issue
is being made through the 100% Book Building Process wherein at least 60% of the Net Issue will be allocated on a proportionate basis to Qualified Institutional Buyers (“QIBs”),
(“QIB Portion”). Provided that our Company may allocate up to 30% of the QIB Portion to Anchor Investors on a discretionary basis, out of which at least one-third will be available
for allocation to domestic mutual funds only (“Anchor Investor Portion”). For details, see “Issue Procedure” on page 276. Further 5% of the QIB Portion (excluding Anchor Investor
Portion) shall be available for allocation on a proportionate basis to Mutual Funds only. The remainder shall be available for allocation on a proportionate basis to QIBs and Mutual
Funds, subject to valid Bids being received from them at or above the Issue Price. If at least 60% of the Net Issue cannot be allocated to QIBs, then the entire application money will
be refunded forthwith. In addition, not less than 10% of the Net Issue will be available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 30%
of the Net Issue will be available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Issue Price.

This being the first issue of our Company, there has been no formal market for the Equity Shares of our Company. The face value of the Equity Shares is Rs. 10 per Equity Share
and the Issue Price is [] times the face value. The Issue Price (has been determined and justified by the BRLMs, the CBRLM and the Company as stated in “Basis for Issue
Price” on page 48) should not be taken to be indicative of the market price of the Equity Shares after the Equity Shares are listed. No assurance can be given regarding an active
or sustained trading in the Equity Shares of our Company nor regarding the price at which the Equity Shares will be traded after listing.
GENERAL RISKS
Investments in equity and equity-related securities involve a degree of risk and investors should not invest any funds in this Issue unless they can afford to take the risk of
losing their investment. Investors are advised to read the risk factors carefully before taking an investment decision in this Issue. For taking an investment decision, investors
must rely on their own examination of our Company and the Issue including the risks involved. The Equity Shares offered in the Issue have not been recommended or approved
by the Securities and Exchange Board of India (“SEBI”), nor does SEBI guarantee the accuracy or adequacy of this Draft Red Herring Prospectus. Specific attention of the
investors is invited to the “Risk Factors” on page xiii