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Why Adani will list below IPO price ?

opagarwal's picture
Submitted by opagarwal on August 18, 2009 - 04:33

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Submitted by opagarwal on August 19, 2009 - 00:42. #

Adani power doesn't seems to have too much support from retail buyers. Institutional investors does have some demand for the IPO.

But looking at recent sell off in Global and Indian market it is very clear that institution are not buying the strong of strong recovery. On top of that there is no near term triggering factor on Adani , no revenue source and profitability.

Adani is expected to listed on 20th Aug, weather the stock will cross allotment price will also depend on market sentiment on that day and truth is that sentiments are not very positive.

I think investors will be lucky to have a listing above Rs 100.

 

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