India's IPO Blues

Karmali, Naazneen
September 2009
Forbes Asia;9/7/2009, Vol. 5 Issue 13, p25
The article discusses why the initial public offering (IPO) of Adani Power, owned and controlled by Adani Enterprise turned lukewarm on it's listing. Accordingly, the Adani Power's shares fell below the issue price of 100 rupees to 98.50 rupees on a day when Sensex rose 1.37 percent 202 points. Ashok Kumar, IPO portal theipoguru.com, comments that what Adani had done was badly a badly priced issue. It also mentions on the other IPO's who are in the pipeline including Oil India.


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