Adani Power IPO

Adani Power is a power project company and a part of the Adani Group.

Details of IPO:

• IPO starts : 28-07-09
• IPO ends : 31-07-09
• Shares available for IPO : 301,652,031 shares
• Face value : Rs 10/-
• Price Band : Rs.90/- to Rs.100/-
• Bid Lot : 65 shares and multiples

This IPO has raised lot of interest since this is the first IPO this year to have seen full subscription on the first day of the offer. On the first day, the institutional investors portion of the issue was oversubscribed more than six times while non institutional-non retail investors bid for more than two times the number of shares reserved for them.

Subscription Details:

• 3.96 times subscription on day one
• 4.64 times on day two
• 6.86 times on day three
• 21.64 on last day

Sector wise detials of the subscription of the IPO

QIB: 39.48 times

Non-Institutional: 8.62 times

Retail: 2.97

Total: 21.64 times

The listing date of this share is expected to be August 20.

-------------------

Related Posts:

NHPC IPO

Initial Public offering

All about Stocks

------------------