The IPO of Adani Power Ltd., a power project development company of Adani Group, has been finally oversubscribed by an incredible 21.64 times on an overall basis, with subscriptions in other categories as under:
Adani Power Ltd IPO Final Oversubscription Figures as on Friday, July 31, 2009 2000 hrs IST:
QIB: 39.48 times
Non-Institutional Investors: 8.62 times
Retail: 2.97 times
Employees: 0.11 times
Overall: 21.64 times
Adani Power IPO had opened for subscription from Tuesday, July 28, 2009. The price band for the IPO was fixed at Rs.90/- to Rs.100/- per equity shares. The listing date of equity shares is expected to be around August 20, 2009
Adani Power Ltd IPO Final Oversubscription Figures as on Friday, July 31, 2009 2000 hrs IST:
QIB: 39.48 times
Non-Institutional Investors: 8.62 times
Retail: 2.97 times
Employees: 0.11 times
Overall: 21.64 times
Adani Power IPO had opened for subscription from Tuesday, July 28, 2009. The price band for the IPO was fixed at Rs.90/- to Rs.100/- per equity shares. The listing date of equity shares is expected to be around August 20, 2009