Amit Desai, Director of Adani Power said qualified institutional investors had given strong response to the issue and their portion was subscribed 36 times. "Almost all bids were at upper end of the band, Rs 100 a share and retail investors' subscription was inching towards 2 times," he added. The company, he said, was likely to list its shares around August 20, 2009.
IPO News Adani Power IPO subscription at 18.24 times
The Initial Public Offering (IPO) of Adani Power Limited which hit the primary markets on July 28, 2009 has received overwhelming response from investors. The issue has received subscription of 18.24 times till 3:00 PM on July 31, 2009. The issue has received bids for 4536955475 equity shares against the offer of 248794681 equity shares. The issue has received bids for 152723870 equity shares at cut-off price.
| More Adani Power IPO subscription at 14.08 times
The Initial Public Offering (IPO) of Adani Power Limited which hit the primary markets on July 28, 2009 has received overwhelming response from investors. The issue has received subscription of 14.08 times till 2:00 PM on July 31, 2009. The issue has received bids for 3502654415 equity shares against the offer of 248794681 equity shares. The issue has received bids for 129339665 equity shares at cut-off price.