Adani Power IPO is coming. Here are the IPO Details.
IPO Details: -
ISSUE OPENS: JULY 28, 2009
ISSUE CLOSES: JULY 31, 2009
PRICE BAND: Rs 90 - Rs 100 per share.
MINIMUM APPLICATION: 65 Shares
Business of Adani Power Limited
Adani Power Limited will be in the business of developing, operating and maintaining power projects in India. It is part of the Adani Enterprise Limited, which is a large Indian conglomerate with revenues of over Rs.196,097.10 million in fiscal 2008. The parent company is one of the three largest coal traders in India and the largest power trading company in India (in the last three years).
The group itself is looking at vertical integration with power projects and it currently has presence in:
- Coal Mining
- Coal Trading
- Shipping
- Power Generation
- Power Transmission
- Power Trading
- Owning and Operating a SEZ
Adani Power Limited has four thermal power plants that are in various stages.
Key Risks Factors of Adani Power Limited
1. No Operating History:
2. Long Gestation Period:
3. Significant Indebtedness:
4. Potential Promoter Conflict of Interest: Adani Power will rely heavily on its promoters to provide it financial know - how and access to key personnel. Since, some promoter group companies operate in the same business areas — this poses potential conflict of interest.
Buy or Not Buy? -
Well, over all Adani Power looks cool IPO. But before investing it, you should aware of the above key Rissk Factors.
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