Adani Power Limited IPO Details

Adani Power is an IO which is setting the ball rolling for the Power IPO industry and same will be followed by 2 other IPO in the same sector. Due to this IPO forthcoming issue loyt of buzz activity is being seen in the Adani group stocks. The detail for the IPO is as appennded below:
Public Issue Open: July 28 ,2009 to July 31, 2009
Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
Public Issue Size: 301,652,031 Equity Shares of Rs. 10/-
Face Value: Rs. 10/-
Public Issue Price: Rs 90/- to Rs 100/-
Market Lot: 65 Shares
Minimum Order Quantity: 65 Shares
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing: BSE, NSE
Lead Manager: DSP Merrill, Enam, IDFC-SSKI Ltd, ICICI Securities, JM Financial, Kotak Mahindra, Morgan Stanley, SBI Capital.
Registrar: Karvy Computershare Pvt Ltd (Ph: +91-40-23420815 to 28 Email: adanipower.ipo@karvy.com)

Adani Power Limited IPO Grading / Rating
ICRA has assigned an IPO Grade 3 to Adani Power Limited IPO. This means as per ICRA, company has average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.


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