Adani Power listing today, 20th Aug 09

by khalid on 20/08/2009 · 0 comments

adani power

Adani Power is going to open with a premium of about Rs 10 to Rs 12 as per grey market analysts and analysts advise to hold the stock for some time to get good gain, its IPO lit up the country’s primary market space with good response from investor, is expected to surge in the range of 10-30 per cent over its issue price of Rs 100. The company raised Rs 3,016 crore through the IPO.
IPO was over subscribed 22 times and there is a lot of unsatisfied demand in the market and investors would queue up to buy the shares on the first day. As US market was positive overnight and Asian Markets too are positive, so there is strong possibility to get good gain today.

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