Adani Power IPO Subscription numbers reflect the good market sentiments and the faith in the markets. No other IPO in the past 15 months has not over-subscribed by more than 10 times.
Adani Power IPO Subscription closed yesterday and the the ipo has got subscribed by 21.7 times with details given below
Adani Power IPO Issue Size : 248794681 shares
Total Bids Received for : 5384180945 shares
Total Bids Received at Cut-off Price : 244062845 shares
No. of times issue is subscribed : 21.64
There has been very good response from the QIB’s( Qualified Institutional Buyers) who have bid for 39.5 times, Non Institutional Investors have bid for 8.6 times and the Retail segment has been subscribed by 3 times. Good news for the IPO bidders is that the the Employee Reservation is only subscribed by 0.11 times and the rest will be allocated for the bidders.
Adani Power IPO Allotment will be closely tracked now with the Retail investors bidding 3 times. Adani Power IPO Allotment is expected around 17th of August. Do check back later for more information on Adani Power IPO Allotment details.
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Adani IPO Allotment Status is available at http://203.199.177.158/ipo/
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