Sunday, July 19, 2009

Adani Power Ltd IPO opening on July 28 to July 31

Incorporated in 1996, Adani Power Limited (APL), is a power project development company which is operate and maintain power projects in India. Adani Power Limited is a part of Adani Group, a leading business group in India. Currently Adani group has presence in coal mining, coal trading, shipping, power generation, power transmission and power trading.

The price band for the issue has been fixed at Rs 90/- at lower level and Rs 100/- at upper level for equity share of Rs 10/-. Adani Power Ltd is entering in the capital markets with an initial public offering, IPO of 301,652,031 Equity Shares for cash, at a premium to be decided through a 100% Book Built Issue.

 The issue opens on July 28, 2009, and closes for subscription on July 31, 2009. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Adani Power Limited IPO Information, Adani Power IPO Allotment Status, APL IPO reviews and Listing Date. Click on the below link to to find more detail about Adani Power Limited IPO: