Adani Power IPO to hit markets on July 28, 2009

The Initial Public Offering (IPO) of Adani Power Limited will hit the primary markets on July 28, 2009. The company is coming out with IPO of 301,652,031 EQUITY SHARES [including 52,857,366 Equity Shares Anchor investor portion] of Rs 10 each for cash at a price band of Rs. 90 To Rs. 100 through 100% book-building process.

The IPO opens for subscription on July 28, 2009 and closes on July 31, 2009.

The rating agency ICRA Limited has assigned IPO Grade 3 for the issue.

DSP Merrill Lynch Ltd is the Global Co-ordinator and Book Running Lead Manager to the issue. Enam Securities Private Limited, IDFC - SSKI Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

Enam Securities Private Limited, Edelweiss Securities Limited, India Infoline Limited, JM Financial Services Private Limited, Kotak Securities Limited,SBICAP Securities Limited, Sharekhan Limited and UBS Securities India Private Limited are the Syndicate Members to the issue.

Karvy Computershare Private Limited is the registrar to the issue.

Source : Equity Bulls

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