Adani Power Ltd IPO finally oversubscribed 21.64 times - Indian IPO Blog

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Friday, July 31, 2009

Adani Power Ltd IPO finally oversubscribed 21.64 times

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

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