Adani Power's IPO price fixed at Rs 100 per equity share
Adani Power has fixed the price at Rs 100 per equity share for its initial public offering of 301,652,031 equity shares of Rs 10 each for cash.
By PTI |
MUMBAI: Adani Power has fixed the price at Rs 100 per equity share for its initial public offering of 301,652,031 equity shares of Rs 10 each for cash.
Adani Power is a power project development company promoted by Adani Enterprises.
The price band of the IPO was Rs 90-Rs 100 per equity share.
The issue got subscribed 21.64 times with the Qualified Institutional Buyers (QIBs) portion being subscribed 39.47 times, the non-institutional portion being subscribed 8.62 times, and the retail portion being subscribed 2.96 times as per the NSE website, a press release issued here said.
The issue opened on July 28 and closed on July 31. At least 60 per cent of the net issue will be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs) and five per cent of the QIB portion will be available for allocation on a proportionate basis to mutual funds only.
The remainder of the QIB portion shall be available for allocation on a proportionate basis to all QIB bidders, including mutual funds, subject to valid bids being received at the issue price.
The QIB portion includes anchor investor portion as per the Sebi guidelines, the release said.
Adani Power is a power project development company promoted by Adani Enterprises.
The price band of the IPO was Rs 90-Rs 100 per equity share.
The issue got subscribed 21.64 times with the Qualified Institutional Buyers (QIBs) portion being subscribed 39.47 times, the non-institutional portion being subscribed 8.62 times, and the retail portion being subscribed 2.96 times as per the NSE website, a press release issued here said.
The issue opened on July 28 and closed on July 31. At least 60 per cent of the net issue will be allocated on a proportionate basis to Qualified Institutional Buyers (QIBs) and five per cent of the QIB portion will be available for allocation on a proportionate basis to mutual funds only.
The remainder of the QIB portion shall be available for allocation on a proportionate basis to all QIB bidders, including mutual funds, subject to valid bids being received at the issue price.
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The QIB portion includes anchor investor portion as per the Sebi guidelines, the release said.
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