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

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)

Adani Power IPO Lot Size

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

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)

The Adani Power IPO is subscribed 21.64 times on Jul 31, 2009 17:00. The public issue subscribed 2.97 in the retail category, 39.48 in the QIB category, and 8.62 in the NII category. Check Day by Day Subscription Details (Live Status)

Category	Subscription (times)
QIB	39.48
NII	8.62
RII	2.97
Employee	0.11
Total	21.64

Adani Power IPO Prospectus

› Adani Power IPO DRHP
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› Adani Power IPO Application Form Download

Adani Power IPO Rating

425

4.0

Rating:

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Adani Power IPO Listing Date

Listing Date	Thursday, August 20, 2009
BSE Script Code	533096
NSE Symbol	ADANIPOWER
Listing In	B Group of Securities
ISIN	INE814H01011
IPO Price	₹100 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO 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

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

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: adanipower.ipo@karvy.com
Website: https://karisma.kfintech.com/

Adani Power IPO Reviews / Ratings

Angel Broking - Neutral
KR Choksey Securities Ltd - Apply
Nirmal Bang - Apply
Prabhudas Lilladher Pvt Ltd - Apply
Reliance Securities - Apply
S P Tulsian - Apply

Adani Power IPO Lead Manager(s)

Lead Manager Reports

Adani Power IPO FAQs

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.

The Adani Power IPO listing date is on Thursday, August 20, 2009.

Adani Power IPO Message Board

Ranked Members

1706. Ravi, Bangalore |Dec 24, 2009 11:41

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.

1705. Ravi, Bangalore |Oct 26, 2009 19:00

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!

1704. poonam j. patel |Oct 26, 2009 10:19

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

1703. NEERA SHARMA |Sep 25, 2009 11:27

Dear Sir,

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

Regards

Neera Sharma

1702. Sanjay V Shah |Sep 22, 2009 14:18

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

1701. HARISH KUMAR |Sep 19, 2009 15:43

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

1700. Karvy consultants |Sep 15, 2009 15:03

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

1699. avinash |Sep 12, 2009 23:38

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

1698. Harish Bhat |Sep 12, 2009 12:12

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

1697. sandy |Sep 9, 2009 16:29

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:...................

1696. Praveen |Sep 9, 2009 14:19

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

1695. Coachipo |Sep 9, 2009 12:25

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

1694. HARISH KUMAR |Sep 8, 2009 14:09

APP.NO.5780421 REFUNDORDER NO.5399 REF.661521
REFUND NOT RECEIVED

1693. Dr N K Agrawal |Sep 8, 2009 09:33

Any body for allotmest or refund issue may contact Karvy on toll free no 1-800-3454001.

1692. Praveen |Sep 7, 2009 14:20

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

1691. REKHA |Sep 6, 2009 14:48

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

1690. Jansi |Sep 5, 2009 00:58

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?

1689. Sandeep R Dhore |Sep 4, 2009 11:34

My Application No is 34552521 and i have still not recevid the refund kindly confirm the status

1688. VISHNU PRATAP INGHS |Sep 3, 2009 21:53

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

1687. JIGNESH PATEL |Sep 3, 2009 09:36

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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