The much-awaited big-ticket IPO from the Adani group will open on Tuesday amid high expectations from the group that saw its earlier offering, the Mundra Port & SEZ (MPSEZ) issue, being oversubscribed a record 116 times in November 2007.
Adani Power IPO Subscription expectation
It may subscribe 2 to 3 times in the retail category.
HNI and QIB category can subscribe 5 to 7 times.
Overall subscription should be 3 to 5 times.
Edited: July 28th, 2009
Angel Broking : Neutral
Angel Broking has come out with its research report on Adani Power’s initial public offering (IPO). Adani Power has opened for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process. The issue will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
The research firm has recommended a neutral rating on the issue.
Reliance Money : Subscribe
Reliance Money has come out with its research report on Adani Power’s initial public offering (IPO). Adani Power has opened for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process. The issue will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
The research firm has recommended investors to subscribe to the issue with a long-term prospective.
Prabhudas Lilladher : Subscribe
Prabhudas Lilladher has come out with its research report on Adani Power’s initial public offering (IPO). Adani Power has opened for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process. The issue will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
The research firm has recommended investors to subscribe to the issue.
KRChoksey
KRChoksey has come out with its research report on Adani Power’s initial public offering (IPO). Adani Power will open for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process on July 28, 2009 and will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
The research firm has recommended investors to subscribe to the issue.
Nirmal Bang
Nirmal Bang has come out with its research report on Adani Power’s initial public offering (IPO). Adani Power will open for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process on July 28, 2009 and will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
The research firm has recommended investors to subscribe to the issue.
Nirmal Bang
I would subscribe to Adani Power IPO (initial public offering). If we presume that it books at Rs 100, I think it’s an interesting play because the management has assured on the channel. They have been very categorical in saying that by 31st March 2012, they should be operational with 6,600 MW plants and we know that 3,300 MW plants are still at a very early stage.
They have to go for the financial closure etc which may take a little longer time but even if you have comfort for commissioning for 6,600 Mw for which everything is in place whether it is a fuel linkage or a selling arrangement and if we get the share at Rs 100, I think this is quite interesting and it should leave good profits for the investor on the table.
Edited: July 28th, 2009