Adani Power Limited IPO Message Board (Page 84)

ONE CAN APPLY AFTER LOOKING AT INITAL SUBSCRIPTION. SAY IT SUBSCIBES, FOR MORE THAN 10 TIMES, THEN WE MAY GET 1 LOT, SO DOWNWARD RISK IS LIMITED TO LOSS FROM 1 LOT(IF AT ALL). IT IS IMPORTANT TO PROTECT OUR MONEY THAN TAKING UNDUE RISK.
IF SUBSCRIPTION IS POOR THEN WE CAN APPLY FOR JUST 1 OR 2 LOTS.
RAMA

Good ipo adani power if price 100 to 110 apply in full you will
get return 5%

Ek Reliance Power aaya tha aur ab ek ADANI POWER aaya hain.

The IPO for adani will e priced between 90 to 100. At this price it appears to e a good IPO, and because of IPO size allotment will be healthy, looking at grey premium of about 10-15% i think it is equally good to apply or to wait for listing..however it is just a matter of time that the IPO will go to 150, so i am gogin to jump on the IPO band wagon.

Adani Power is a well thought through venture (focus on high power deficit states, 25 year power purchase agreements with 72% offtake, 15 years of coal supplies guaranteed) with attractive economics (payback to IPO equity investors in 2.5 years if the project goes to plan). The risk to IPO subscribers arise from the execution challenges and from the conflicts of interest inherent within the increasingly powerful Adani Group. The best relative valuation metric for Power companies is “Market cap/Total MW”. For Adani Power’s peers this ratio is Rs 35.4 mn/MW. Applying this ratio to Adani Power suggests an IPO price of around Rs 105.

Adani Power is a well thought through venture
· 100% of the fuel supply is procured: APL has entered into long term coal supply arrangements with Adani Enterprises Limited (AEL) for importing coal from Indonesia (AEL is the holding company of APL). In addition, APL also has a captive coal block allocated to it in Maharashtra.
· All the projects are in high power deficit states: APL’s power projects are located in Gujarat and Maharashtra. These are amongst the states with the highest power deficits in India. Compared to the 9.9% peak power deficit across India in FY08, Gujarat and Maharashtra reported peak power deficits of 16.2% and 18.3% respectively.
· More than 70% of the power is already pre-sold: APL has already pre-sold 4,745 MW of power (equivalent to ~72% of the total capacity) to various State Electricity Boards (SEBs) at levelized tariffs ranging from Rs 2.64 per unit to Rs 2.94 per unit. All of these sales are governed by 25 year Power Purchase Agreements (PPA) with the SEBs.
HOWEVER, THE IPO RAISES A NUMBER OF QUESTIONS
· Chinese equipment: We are increasingly concerned about the quality of equipment supplied by Chinese vendors. Given the limited experience that Chinese vendors have of operations in India, at least some of the problems relating to Chinese kit seems to be due to ‘teething’ problems. How will management deal with these risks?
· The string of contracts between APL-AEL-PT Adani global: APL will buy its coal from AEL (its parent company). AEL in turn will buy the coal from a fully owned Indonesian subsidiary PT Adani Global. This Indonesian subsidiary will in turn buy the coal from local licensees who have long term coal excavation licenses on Bunyu Island, Indonesia. This chain of contracts raises a number of questions.
· The Tiroda power project: Tiroda is the only project wherein APL does not hold a 100% ownership stake. This clearly raises the issue of what the minority shareholders who have invested in APML will do with their stakes. Since the project sits in a subsidiary there are also questions pertaining to the agreement between APML (Adani Power Maharashtra Limited) and APL for repatriating the benefits to APL shareholders. Lastly, there have been issues pertaining to cancellation

kya kare?ye bajaar ko todega ya jadega? a..re bhay bhare ya rahenede?

looks good for investment with a price band of rs 120 so go n enjoy the profit as much as all can

plz don't apply for this issue kep money for NHPC

Dear please take care, kahi yeh bhi Chhote manhus anil Ambani ki tarah lisiting par NSE/BSE par bell baja kar logo ka paisa na le jaye. Kyaoki Jab se chhote ambani ne Jab se Stock market ki Bell Bajai hai aaj tak sab investors ke kano me aaj bhi nse/ bse ki bell baj rahi hai.

R's

Adani Power seems to have a good future as the Promoters are quite strong

Sakar bazar ke CEO Sahab,
Ye bataiye ki Excel infoways ka kya haal hein?
kya hone wala hein iska?

dear sir

i like adani power
plz ipo price detalis for ipo

it is another reliane power

Adani Power has offered shares to its employees at Rs. 90 and hence I think that price band would be around 120

REC IS GOING STRONG ,RUMUR THAT IT WILL OVERTAKE NTPC IN A MONTH.

hey, thanks for the info!

Singh,

Money will not be deducted from your account but it will be blocked & you cannot use that money for any other purpose....

once you get allotment then money will be deducted on the day of allotment status is out & you will also get refund if any on the same day ..

So only benifit of new new SEBI ASBA(Applications Supported by Blocked Amount)...

I found ASBA in Rishabhdev but in Mahindra ASBA was not supported so for Adani it will be clear after few days

Price band and market lot hasn't announced yet. Price band should be 100-110, Market lot-60. Looking expensive at that level so be avoided and must apply in NHPC.

1)can somebody pls share how long
will the refund money be blocked ?
2)i have learnt--as per new sebi rules
that money will be debited from a/c only after allotement
is that true?please throw some light?

Hi All,

If price band is 60-66 /- then it is good IPO... but don't apply like anything...
Play safe & wait for NHPC...

NHPC Price band 10-15 /- Rs.
See performance of Power Grid, PFC, REC...it's Govt. Company so it will give Good return...So keep some money for NHPC....