Adani IPO subscribed seven times


The Adani Power issue, the second biggest public offer after that of Reliance Power in 2008, attracted good investor response and received bids for over 170.69 crore shares against 24.87 crore shares on offer, achieving a demand for 6.86 times the shares on offer.

The portion reserved for qualified institutional investors got subscribed 13 times, non-institutional investors and retail investors 2.16 times and 0.55 times respectively for the shares on offer.

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