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.
Gautam S Adani
Rajesh S Adani
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.
IPO Opening Date | Jul 28, 2009 |
IPO Closing Date | Jul 31, 2009 |
Issue Type | Book Built Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹90 to ₹100 per equity share |
Market Lot | 65 Shares |
Min Order Quantity | 65 Shares |
Listing At | BSE, NSE |
Issue Size | 301,652,031 Eq Shares of ₹10 (aggregating up to ₹3,016.52 Cr) |
The Adani Power IPO market lot size is 65 shares. A retail-individual investor can apply for up to 30 lots (1950 shares or ₹195,000).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 65 | ₹6,500 |
Maximum | 30 | 1950 | ₹195,000 |
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.
The Adani Power IPO is subscribed 21.64x times on Jul 31, 2009 17:00. The public issue subscribed 2.97x in the retail category, 39.48x in the QIB category, and 8.62x in the NII category. Check Day by Day Subscription Details (Live Status)
Category | IPO Subscription |
---|---|
QIB | 39.48x |
NII | 8.62x |
RII | 2.97x |
Employee | 0.11x |
Total | 21.64x |
Listing Date | Thursday, August 20, 2009 |
BSE Script Code | 533096 |
NSE Symbol | ADANIPOWER |
Listing In | B |
ISIN | INE814H01011 |
IPO Price | ₹100 per equity share |
Face Value | ₹10 per equity share |
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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
KFintech Private Limited
Selenium Building, Tower-B, Plot No 31 & 32,
Financial District,Nanakramguda, Serilingampally,
Rangareddi, Telangana India - 500 032.
Phone: 1-800-3454001
Email: adanipower.ipo@karvy.com
Website: https://karisma.kfintech.com/
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 equity share. The minimum order quantity is 65 Shares.
The IPO opens on Jul 28, 2009, and closes on Jul 31, 2009.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Adani Power IPO opens on Jul 28, 2009 and closes on Jul 31, 2009.
Adani Power IPO lot size is 65 Shares and the minimum order quantity is 65 Shares.
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, Edelweiss, 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.