Home > Market View > Playing the Adani Power IPO

Playing the Adani Power IPO

Thursday, August 20, 2009 Leave a comment Go to comments

Adani Power IPO is listing tomorrow and it reminds me of Power grid IPO back in 2007. One can adopt the same strategy as adopted in Power Grid in 2007 to make some quick and handsome gains. This time the euphoria is little less so one is not sure about the upside.

The grey market premium is around 10 and the listing is expected to be around 110-115 according to various experts. My sense is that the this stock can go to 125+ levels in the short term. As the QIB portion was oversubscrobed by 20+ times, there is a huge demand for the stock.

Good luck to those who applied. Make sure to book atleast 30-40% of your profits.

    Monday, August 31, 2009 at 8:04 am

    its 10days after listing.It did not touch 110-115. we shld remember other power IPOs. Big IPOs make you to take wrong decision…

  2. ssp
    Thursday, August 20, 2009 at 4:15 pm

    No…real Boom in adani today hope it will test 125 when nifty touches 4700

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