Is this good ipo ? Out of 9900 MW , 6600 MW will be operational by 2012. By the end of the quarter, only 300 MW will be operational. Looks like they already run on debt. Need to wait for more time for the entire MW to be operational and then decide whether this goes.
IPO price between 60-70. Apply for good return , allot sure because issue size is 30 crore shares. small price ipo and big company so good return sure. R power ipo price is so high , so it was failed. Look mahindra holiday , which declare issue price 300( not 325 high price)instead issue is over subscribe at high price band .
Unless it is attractively priced, people, especially retail investors, will ignore it and wait for NHPC issue, as money of Adani power will not be refunded when NHPC opens.
i hope it does'nt turn out the reliance power way, the issuers leave something on the table for small retail investors, price it in band of 90-100, and give 10% discount to small retail investors.
I hope my wish gains momentum, and the company leaves something on the table for us , small retail investors, so our confidence in ipo issuances is reinfused, and we don't get shattered the way it has been over the past 18 months