Adani Power Limited completed its anchor investment allocation. It allocated 5.28 cr shares which forms 60% of the QIB portion and 18% of the total issue to six investors at a price of Rs 95. There is a condition in the IPO which says that you cannot allot to anchor investors at a lower price […]
Posts Tagged ‘IPO’
Adani Power Anchor investor Allocation & likely IPO allotment price
July 29th, 2009
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A bird in hand is better than two in the bush
July 29th, 2009
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The price band for Adani Power is Rs 90 –Rs 100. The issue has already opened on Tuesday the 28th of July 2009 and closes on Friday the 31st of July 2009.The issue is for 30.165 cr shares and would raise a sum of Rs 2714.85 crs to Rs 3016.50 crs at the lower and […]
Anchor Investor
July 27th, 2009
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SEBI has introduced a new concept which is to be tried out for the first time during the issue of Adani Power. Typically the issue is divided into three categories of investors namely: – QIB’s (Qualified Institutional Investors) Non Retail or HNI’s and the retail category. A minimum of 30% of the issue is offered […]
