The initial public offer of Adani Power, which closed on Friday, got subscribed over 14 times with most of the bids coming in from Institutional Investors.

 

The issue which has roped in institutional investors like Credit Suisse and T Rowe Price International Inc, received bids for over 350.26 crore shares against 24.87 crore shares on offer, achieving a demand for 14.08 times the shares on offer.

As on Date

QIBs

Non Institutional

Retail (RIIs)

Total

Day 1 - 28-Jul-2009

7.4500

2.1164

0.0563

3.96

Day 2 - 29-Jul-2009

8.7040

2.1402

0.1984

4.64

Day 3 - 30-Jul-2009

12.9306

2.1682

0.5483

6.86

Day 4 - 31-Jul-2009

‘-

-

-

21.37

 

 

 

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