NHPC IPO today received an overwhelming response, and the issue was subscribed over 3.54 times on first day, till 5 PM as per data from NSE.
The issue has so far received bids for 594.09 crore shares as against the issue size of 167.73 crore shares.
It should be noted that maximum bids have been received at the higher end of the price band. The issue received about 4.29 crore bids at cut-off price.
Adani Power, a power project development company promoted by Adani Enterprises, has finally fixed the price at Rs 100 per equity share for its initial public offering (IPO) of 30.16 crore equity shares of Rs 10 each for cash.
The issue has received final subscription at 21.51 times, against the actual offer. The IPO opened on July 28 and closed on July 31.
Adani Power, the third group company of Ahmedabad-based Rs 30,000 crore Adani Group to tap the market, examined the issue over-subscribed 3.98 times on the first day of its debut.
APL issue is the first high-ticket issue to hit the market, after a gap of about 19 months. The issue closes on July 31.
Adani Power IPO today received an overwhelming response. The issue was subscribed 3.96 times in the first day, till 5 PM as per data from BSE.
The issue has so far received bids for 984.90 million shares as against the issue size of 248.79 million shares.
It should be noted that maximum bids have been received at the higher end of the price band. The issue was priced in the range of Rs 90-100 per share.
Adani Power Ltd, a member of $4.6 Billion Adani Group, has sold 36 million shares to Mauritius-based foreign equity player, Capital Trade and Private Investment and private equity player, 3i Power Investments A1 Ltd, ahead of its IPO planned to open on July 28.
The power sector is set to stimulate the capital market with 3 power companies setting up with their Initial Public Offerings (IPOs) to grow above Rs 5,000 crore.
First in the row is Adani Power that would hit the markets in July's last wee. This will be shortly followed by the IPO of National Hydroelectric Power Corporation (NHPC), which is ready to start its road shows for the IPO by the end of this month and open its offer by the first week of the coming month.
Adani Power Ltd., a unit of Adani Enterprises Ltd., has finally refilled a draft red herring prospectus (DRHP) with SEBI for its proposed initial public issue, encouraged by a stock market rally over the past few weeks.
Construction and civil engineering firm Hindustan Construction Company (HCC) has informed that its subsidiary Lavasa Corporation, which is developing an ambitious Rs 30,000-crore hill city project in Pune, has deferred its plan to launch an initial public offer (IPO) due to global economic slowdown.
Mumbai-based Gemini Engi-Fab, engaged in manufacturing and salvaging of process equipments through fabrication for various process, has decided to call off its initial public offer on Monday, a day before its scheduled opening.
The Rs 44-crore issue was slated to open on February 3 and close on Friday 6. The company had proposed to offer 5.5 million equity shares of Rs 10 each at Rs 75 to Rs
Edserv Softsystems, a web-learning, IT consulting and resource deployment company, is entering the capital market on 5th February 09, with an IPO of 39.74 lakh equity shares of Rs 10 each, through 100% book building process.
The price band for the issue has been fixed at Rs 55 to Rs 60 per equity share and it opens for subscription on February 05, 2009 and closes on February 09, 2009.
The net issue to the public would constitute 31.43 per cent of the post issue paid-up capital of the Company.