The research report on Adani Power's initial public offering (IPO). Adani Power will open for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process on July 28, 2009 and will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
According to the research , Adani Power's pre-IPO net present value (NPV) is of Rs 68-93 per share.
Adani Power is expected to add highest generation capacity in the Eleventh Plan among private sector players and plans to increase its capacity from 330MW as of June FY09 to 6.6GWMW by April-2012. Current IPO proceeds of Rs 196- 218b are towards part financing of the same
According to the research , Adani Power's pre-IPO net present value (NPV) is of Rs 68-93 per share.
Adani Power is expected to add highest generation capacity in the Eleventh Plan among private sector players and plans to increase its capacity from 330MW as of June FY09 to 6.6GWMW by April-2012. Current IPO proceeds of Rs 196- 218b are towards part financing of the same
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