As of 31st July 2009 6pm
Total Issue Size 248794681
Total Bids Received 5372236220
Total Bids Received at Cut-off Price 232503635
No. of times issue is subscribed 21.59
Friday, July 31, 2009
Primary Market : Adani Power IPO and NHPC IPO
Primary Market is buzzing again with large IPOs back after a long slumber.
Adani Power IPO closed today with 18.23 times subscribed till yesterday 5:00 pm
IPO price band of 90-100 is hoping to give premium of 10-12 rupees.
QIBs have shown strong interest with 12 times subscription. Retail participation was only .55 times but latest day will be coming after sometime.
NHPC has price band of 30-36 and grey market premium is ging around 10-12 so good money can be made here. Lot size is 175 shares.
Both the IPOs are Grade 3 ratings
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