Adani Group has decided to raise funds by IPO for its company Adani Power.

The ipo is set to open by next few weeks.Market condition has improved and with Mahindra Holidays ipo being successful we can expect this ipo soon.

Adani Power Limited  is offering 33.77 crore equity shares through the IPO. The company is expected to price the shares at Rs 120 per share
At present, the promoters hold 87 per cent equity in the company. Post IPO, the promoters will have around 73.5 per cent holding as it is raising an additional 15 per cent equity through IPO. It may be pointed out that a UK based private equity fund has already picked up 8 per cent equity in the company.

The company is building up total 9900 MW of power generation capacity, of which 6600 MW of capacity is already under implementation.

All details about adani power ipo like allotment status,allocation details, listing price , ipo price , date and other information will be posted here once its available.