Adani Power’s pre-IPO NPV at Rs 68-93: Motilal Oswal
July 24th, 2009
Motilal Oswal has come out with its research report on Adani Power’s initial public offering (IPO). Adani Power will open for subscription with an initial public offering of 301,652,031 equity shares of Rs 10 each for cash at a price to be decided through a 100% book-building process on July 28, 2009 and will close on July 31, 2009. The IPO price band is fixed at Rs 90-100 per share.
According to the research firm, Adani Power’s pre-IPO net present value (NPV) is of Rs 68-93 per share.