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Adani Power Limited IPO (Adani Power IPO) Detail

Jul 28, 2009 - Jul 31, 2009

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.

Company Promoters:

Gautam S Adani
Rajesh S Adani

Objects of the Issue:

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.

Adani Power IPO Details

Issue OpenJul 28, 2009 - Jul 31, 2009
Issue TypeBook Built Issue IPO
Issue Size301,652,031 Eq Shares of ₹10
(aggregating up to ₹3,016.52 Cr)
Face Value₹10 Per Equity Share
Issue Price₹90 to ₹100 Per Equity Share
Market Lot65 Shares
Min Order Quantity65 Shares
Listing AtBSE, NSE

Adani Power IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum165₹6,500
Maximum301950₹195,000

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.Link to download ICRA rating document.

Adani Power IPO Subscription Status (Bidding Detail)

Adani Power IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

123,333,869

29,365,203

88,095,609

8,000,000

248,794,681

Jul 31, 2009 17:00

39.48x

8.62x

2.97x

0.11x

21.64x

Adani Power IPO Prospectus

Adani Power IPO Rating

425
4.0
Rating:Rated 4.0 stars

Vote Here ...

Adani Power IPO Listing Date

Listing DateThursday, August 20, 2009
BSE Script Code533096
NSE SymbolADANIPOWER
Listing InB
ISININE814H01011
Issue Price₹100 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹100.00
₹105.00
₹98.50
₹107.90
₹100.05
96,423,860
NSE
₹100.00
₹108.00
₹98.30
₹110.00
₹100.10
164,328,256

Adani Power IPO Reviews / Ratings

SP Tulsian - Subscribe
KRChoksey - Subscribe
Nirmal Bang - Subscribe
Prabhudas Lilladher - Apply
Reliance Money - Subscribe
Angel Broking - Neutral.

Company Contact Information

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

Adani Power IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: adanipower.ipo@karvy.com
Website: https://karisma.karvy.com/

Adani Power IPO FAQs

  1. 1. What is Adani Power IPO?

    Adani Power IPO is a main-board initial public offering of 301,652,031 equity shares of the face value of ₹10 aggregating up to ₹3,016.52 Crores.

    The issue price of the IPO is ₹90 to ₹100 Per Equity Share. The minimum order quantity is 65 Shares per application and the offer type is Book Built Issue.

    The IPO opens on Jul 28, 2009 and closes on Jul 31, 2009.

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Adani Power IPO will open?

    The Adani Power IPO opens on Jul 28, 2009 and closes on Jul 31, 2009.

  3. 3. How to apply for Adani Power IPO?

    Adani Power IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Adani Power IPO allotment?

    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.

  5. 5. When is Adani Power IPO listing date?

    The Adani Power IPO listing date is on Thursday, August 20, 2009, at BSE, NSE.
  6. 6. What is the lot size of Adani Power IPO?

    Adani Power IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.

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Adani Power IPO Review / Comments

Ravi, Bangalore
1707. Ravi, Bangalore  Dec 24, 2009 12:41 I Like It. | Report Abuse
Adani Power 99.15- Target 99.7-102.3 zone, Stop-loss 92. Support 96.8-95.25 area.

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.
Ravi, Bangalore
1706. Ravi, Bangalore  Oct 26, 2009 20:00 I Like It. | Report Abuse
Dear 1706. poonam j. patel / 1705. NEERA SHARMA / 1704. Sanjay V Shah

No use of asking Chittorgarh Board Members. We are also common investors like you.

Contact REGISTRAR OF THE ISSUE. If you do not get any reply from Registrar within 15 days, then contact COMPANY.

Contact details of Registrar & Company are given in this web-site itself!
poonam j. patel
1705. poonam j. patel  Oct 26, 2009 11:19 I Like It. | Report Abuse
dear sir i have not recieve 65 alloted shares because the reson give by your side is client id is not correct in your record i allready sent correct dp id and client id i give you details of my application
application no - 16894060
ref no- 1055557
dp id- IN300974
client id - 10882825
shares applied - 130
shares alloted - 65
so sir please allote my 65 adani power shares in my demat a/c after check record
NEERA SHARMA
1704. NEERA SHARMA  Sep 25, 2009 12:27 I Like It. | Report Abuse
Dear Sir,

I have not received my refund for adani power ltd. my application no is 3444940.

Regards

Neera Sharma
Sanjay V Shah
1703. Sanjay V Shah  Sep 22, 2009 15:18 I Like It. | Report Abuse
Dear Sir,

I have applied in IPO for 130 Shares i have confirm alltoment of 65 Share but till date i have not received balance payment of Rs.6500.00. Please do the needful in this matter.

Regards
Sanjay
HARISH KUMAR
1702. HARISH KUMAR  Sep 19, 2009 16:43 I Like It. | Report Abuse
DEAR SIR,
REF.EARLIER EMAIL 1697 DATED 08.09.2009
DP ID 12037200 CLIENT ID 054809 app. no.52780421
Refund order not received till now.desipte verifing in post office.
regards
Karvy consultants
1701. Karvy consultants  Sep 15, 2009 16:03 I Like It. | Report Abuse
Dear Harish Bhat,

Thanks for your concern. We will look into the matter and get back to you within a couple of days.

Best Regards,
Karvy Consultants
avinash
1700. avinash  Sep 13, 2009 00:38 I Like It. | Report Abuse
adani power looks good enough for 115-120 in d coming week, let all d pessimistic guys complaint, d company will hav operational power plant dis november unlike Rel power which still has everything on paper
Harish Bhat
1699. Harish Bhat  Sep 12, 2009 13:12 I Like It. | Report Abuse
Hi Karvy,

I didn't get the refund amount of Adani Power shares till now, I verified with the local post office thay told it is sent back to the sender on 1st Sep 2009 because the To address was not proper. Here are the details:
Company Name ADANI POWER LIMITED
a) Application Number: 72831128
b) No. of Shares Applied :455
c) No. of Shares Allotted :172
d) Cheque No. :0820026
e) Refund amount (Rs.) :28,300
f) Dispatch ID :87674

Please look into this issue and send back the cheque to the following address:
Harish Bhat
#163/12, Sri Jaganmatha
1st main, 1st cross, vinoba colony
Avalahalli, Bangalore-560026
State: Karnataka
sandy
1698. sandy  Sep 9, 2009 17:29 I Like It. | Report Abuse
whoever did not get refund,
please send them indemnity bond.the format is here.

[ LETTER OF INDEMNITY FOR ISSUE OF DUPLICATE REFUND ORDER]
(To be executed on Rs. 20.00 non-judicial stamp paper)

Dear Sirs,
This is to certify that I/we have lost/misplaced/not received Refund Order as per details given below:

NAME OF THE COMPANY : ADANI POWER LIMITED
Application no. Refund no. Reference no. Refund Amount

I/We hereby request you to please issue me/us a duplicate of the above said Refund Order.
I/We hereby agree to indemnify the Company in the manner hereinafter stated:
I/We have not encashed negotiated or otherwise dealt in so as to create any adverse claim upon the amount of the Refund Order.

Now it is hereby agreed that in consideration of the Company is issuing the duplicate Refund Order for the said amount I/we hereby convenient at all times hereafter and from time to time save, defend and keep indemnified the Company and their estates and effects from and against allocations, costs, suits, legal proceedings, Accounts claims, demands, losses, charges, expenses and liabilities of whatsoever nature which the Company may sustain or incur by reason of such issue of Duplicate Refund Order and also from and against any action which may be brought against the company by any claiming the interest accrued thereon and from and against all damages, costs, charges, expenses which the Company may incur in respect thereof or otherwise in relation to the premises.

It is hereby further agreed that I/we hereby undertake to return and deliver such duplicate Refund Order to the Co., on demand by the Co., and with or without such demand to produce and/or return the original Refund Order received at their own cost as the Co., shall require for the recovery thereof or otherwise in relation to the premises.

IN WITNESS WHERE OF I/WE HERE TO HAVE HERE UNTO SET AND SUBSCRIBED OUR RESPECTIVE HANDS AT ........................ THIS ........................... (Date).............................................THE DAY OF ........
20 .......................


WITNESS: 1
SIGNATURE ...................
ADDRESS ......................

WITNESS: 2
SIGNATURE ...................
ADDRESS ......................
PHONE NO:...................

INVESTOR:
SIGNATURE ...................
ADDRESS ......................
PHONE NO:...................
Praveen
1697. Praveen  Sep 9, 2009 15:19 I Like It. | Report Abuse
My DPID : IN302236
Client ID:11463240
AppNo : 15820419
Applied : 130
Alloted :0
But still I haven't got refund cheque.What I need to do
Coachipo
1696. Coachipo  Sep 9, 2009 13:25 I Like It. | Report Abuse
Hi 1697 Harish /All,

For allotment/refund status , please give following details:

A/c type: NSDL/CDSL
If NSDL then : DP ID & Client ID
If CDSL then only Client ID

CoachIPO
HARISH KUMAR
1695. HARISH KUMAR  Sep 8, 2009 15:09 I Like It. | Report Abuse
APP.NO.5780421 REFUNDORDER NO.5399 REF.661521
REFUND NOT RECEIVED
Dr N K Agrawal
1694. Dr N K Agrawal  Sep 8, 2009 10:33 I Like It. | Report Abuse
Any body for allotmest or refund issue may contact Karvy on toll free no 1-800-3454001.
Praveen
1693. Praveen   Sep 7, 2009 15:20 I Like It. | Report Abuse
Hello sir,
My application number is 15820419 I applied for 2 lots and alloted 0 shares but still I have not received cheque.What I need to do whom I need to contact.

--Praveen
REKHA
1692. REKHA  Sep 6, 2009 15:48 I Like It. | Report Abuse
Resp.sir,
i have appiled ADANI POWER IPO, but refund order not recd.till today.I CONTCT WITH POST OFFICE BUT REFUND NOT RECD.My details as below-
NAME - REKHA
ADDRESS- W/O PREM KUMAR
WARD NO.6,ANOOPGARH DISTT.SRIGANGANAGAR
APP.NO. - 21798096, MOB.NO.919414331064, CHQUE NO.583922,THE BANK OF RAJ.ANOOPGARH
APP.SHARES- 260, ALLOTED SHARE- 98
APP.AMOUNT- 26000.00
Jansi
1691. Jansi  Sep 5, 2009 01:58 I Like It. | Report Abuse
Hello, I have applied Adani Power IPO through ICICI Securities. My application No is 34517486. I have not received any refunds so for. Could you please check it?
Sandeep R Dhore
1690. Sandeep R Dhore  Sep 4, 2009 12:34 I Like It. | Report Abuse
My Application No is 34552521 and i have still not recevid the refund kindly confirm the status
VISHNU PRATAP INGHS
1689. VISHNU PRATAP INGHS  Sep 3, 2009 22:53 I Like It. | Report Abuse
application no 34529396

i have not received the refund of adani power ipo the simple way to refund is if you deposit the cheque in any icici bank it can be credited as all icici banks are online but you want to harasses the investor i paid the money through icici bank online all army address the post should be with registered post my mobile no 09469411592
adaniemail


Ref: sai/STAT/ADPL/4907/768773 Dt.: 28/08/2009

Dear Investor,

Unit : ADANI POWER LIMITED
Application No: 34529396
Ref : Your e-mail Dated 24/08/2009


We are addressing this communication in response to your e-mail cited above with regard
to non-receipt of any communication in respect of the application made by you in the
PUBLIC ISSUE of the aforesaid company.

We have perused the record and regret to inform that your application was not successful
in getting allotment of shares since the issue was heavily oversubscribed. We have
accordingly issued refund order for the amount paid by you on the application and
complete particulars thereof are furnished below.

a) No. of Shares Applied :195
b) No. of Shares Allotted :NIL
c) Refund order No. :141896
d) Cheque No. :141401
e) Refund amount (Rs.) :18525
f) Date of Posting :14/08/2009
g) R L No. :141896

We hope you would have received the said refund order by now, since same has not
been returned undelivered by postal authorities.

Regards,
Customer Care
Karvy Computershare Pvt Ltd
JIGNESH PATEL
1688. JIGNESH PATEL  Sep 3, 2009 10:36 I Like It. | Report Abuse
To 1685 (DIPTI PATEL)

As per your application Number - 15800509 enable to find it on karvey site so request you to contact your DP : KOTAK and query about the same as application is not submited sucessfully.

Regards,
JIGNESH B PATEL



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