Happy Diwali

By CROW -
Happy Diwali to all my readers

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Adani Power (IPO)

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Adani Power initial public offering (IPO) witnessed huge investor interest and was subscribed 6.86 times. The issue received bids for more than 170 crore shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website . Qualified institutional investors have given strong response to the issue followed by non-institutional investors. Their portion subscribed 12.93 times and 2.2 times, respectively. Retail investors' portion subscribed just 0.5 times. Also read: Subscribe to Adani Power IPO: Experts The price band has been fixed between Rs 90 and Rs 100 per equity share. The minimum bid lot has been fixed at 65 equity shares by the company in consultation with the global coordinator and book running lead manager. The issue will close on July 31, 2009. The issue constitutes 13.84% of the post-issue paid-up equity share capital of the company. The issue includes a reservation of up to 8,000,000 equity shares for eligible employees. The iss...
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