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Tuesday, July 21, 2009

Adani IPO Adani Power IPO's What is Your take

Adani Power IPO's are comming in market on 28th July.
What will be its expected price? adani power ipo, adani power, Adani Power. This issue is opening on the 28th of July and closing on 31st July. This is the biggest power IPO to come to the market in a long while. probability the IPO would be priced at around Rs.100-110 and aims to raise over Rs.3000 crore. Adani Enterprise, the listed group company,
The report from the street is
Power project development company Adani Power has raised Rs.375 crore by selling 36 million shares to a founder group firm and a clutch of private equity fund 3i, a week ahead of tapping India's capital market with an initial public offer (IPO).According to the offer document, the shares were allotted on June 25 at Rs.81.42 a share to 3i Power Investments A1 Ltd (9.14 million shares) and at Rs.111.50 to Capital Trade & Investments Pvt Ltd (26.91 million shares). reports
Updates from ADAG and the IPO market
There is already buzz that ADAG may come with an IPO for its entertainment wing – Reliance BIG Entertainment. The ADAG group had as such planned on a Rs.6000 crore IPO for its telecom tower company – Reliance Infratel. All the formalities were completed, a price band of around Rs.550 was also talked about but the markets were bad and that issue did not happen. Now that we are signs of recovery, there is news that maybe this IPO will be amongst the first to come.
Few questions like Shall we buy adani power ipo? Will it grow?

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