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Adani Power IPO is a book built issue of Rs 3,016.52 crores.
Adani Power IPO bidding started from July 28, 2009 and ended on July 31, 2009. The shares got listed on BSE, NSE on August 20, 2009.
Adani Power IPO price band is set at ₹90 to ₹100 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹6,500.
Bofa Securities India Limited, Axis Capital Limited, ICICI Securities Limited, Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Jm Financial Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the Adani Power IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Adani Power IPO RHP for detailed information.
IPO Date | July 28, 2009 to July 31, 2009 |
Listing Date | August 20, 2009 |
Face Value | ₹10 per share |
Price Band | ₹90 to ₹100 per share |
Lot Size | 65 Shares |
Total Issue Size | 301,652,031 shares (aggregating up to ₹3,016.52 Cr) |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share holding pre issue | 1,878,383,169 |
Share holding post issue | 2,180,035,200 |
Adani Power IPO offers 248,794,681 shares. 123,333,869 (49.57%) to QIB, 29,365,203 (11.80%) to NII, 88,095,609 (35.41%) to RII, 8,000,000 (3.22%) to employees. 1,355,317 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 2,015 shares. (in case of oversubscription)
Investor Category | Shares Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 123,333,869 (49.57%) | NA |
NII (HNI) Shares Offered | 29,365,203 (11.80%) | |
Retail Shares Offered | 88,095,609 (35.41%) | 1,355,317 |
Employee Shares Offered | 8,000,000 (3.22%) | NA |
Total Shares Offered | 248,794,681 (100%) |
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 65 | ₹6,500 |
Retail (Max) | 30 | 1950 | ₹195,000 |
Lot Size Calculator |
Gautam S Adani
Rajesh S Adani
Share Holding Pre Issue | 85.3% |
Share Holding Post Issue | 73.5% |
Incorporated in 1996, Adani Power Limited (APL), is a power project development company. Company operates and maintains power projects across India. Adani Power Limited is a part of Adani Group, a leading business group in India. Currently Adani group has presence in coal mining; coal trading, shipping, power generation, power transmission and power trading.
Adani Power has four thermal power projects under various stages of development, with a combined installed capacity of 6,600 MW. In addition they are also planning to develop two thermal power projects at Dahej and Kawai with a combined installed capacity of 3,300 MW.
Adani Power Limited is planning to implement Mega Thermal Power Projects at various locations in India in view of the growing needs of power requirements in the country. APL propose to implement 2640 MW Coal based Thermal Power Project at Mundra, Dist. Kutch, Gujarat, India. APL also propose to implement 1320 MW Coal based Thermal Power Project at Tiroda, Gondia, Maharashtra through its 100% subsidiary, Adani Power Maharashtra Ltd. (APML). APL is also actively planning to implement other Thermal Power Stations at various locations in India, totaling to about 10000 MW in the coming years.
KPI | Values |
---|---|
RoNW | 6.58% |
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital:
1. To part finance the construction and development of Mundra Phase IV Power Project, for 1,980 MW;
2. Funding equity contribution in our subsidiary Adani Power Maharashtra Limited to part finance the construction and development cost of power project for 1,980 MW at Tiroda, Maharashtra;
3. General corporate purposes.
The Adani Power IPO is subscribed 21.64 times on July 31, 2009 5:00:00 PM. The public issue subscribed 2.97 times in the retail category, 39.48 times in the QIB category, and 8.62 times in the NII category. Check Day by Day Subscription Details (Live Status)
Category | Subscription (times) |
---|---|
QIB | 39.48 |
NII | 8.62 |
Retail | 2.97 |
Employee | 0.11 |
Total | 21.64 |
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.Link to download ICRA rating document.
Listing Date | August 20, 2009 |
BSE Script Code | 533096 |
NSE Symbol | ADANIPOWER |
ISIN | INE814H01011 |
Final Issue Price | ₹100 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹100.00 |
₹105.00 |
₹98.50 |
₹107.90 |
₹100.05 |
NSE |
---|
₹100.00 |
₹108.00 |
₹98.30 |
₹110.00 |
₹100.10 |
Adani Power Limited
Shikhar, Near Adani House,
Mithakhali Six Roads,
Navrangpura, Ahmedabad 380 009
Phone: +91-79-2656 5555
Email: ipo@adanipower.com
Website: http://www.www.adanipower.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: adanipower.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Lead Manager Reports
Adani Power IPO is a main-board IPO of 301,652,031 equity shares of the face value of ₹10 aggregating up to ₹3,016.52 Crores. The issue is priced at ₹90 to ₹100 per share. The minimum order quantity is 65 Shares.
The IPO opens on July 28, 2009, and closes on July 31, 2009.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Adani Power IPO opens on July 28, 2009 and closes on July 31, 2009.
Adani Power IPO lot size is 65 Shares, and the minimum amount required is ₹6,500.
You can apply in Adani Power IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Adani Power IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Adani Power IPO allotment status.
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If breaches 90, fall to 87.8 and then, even to 85.55-82.95 range.
Validity: 31-12-2009. Fresh view required after validity period.
My view is based on technical analysis.