Thursday, December 29, 2016

Adani Power : where biggies can be terribly wrong.

Adani Power came IPO in Aug 2009 at a price of Rs 100 a piece.

 The IPO was managed by who is who of the investment banking. 

Names like DSP Merrill Lynch Ltd, Enam Securities Private Limited, IDFC - SSKI Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Private Limited, ICICI Securities Limited and SBI Capital Markets Limited, were associated with the IPO.

The stock is now trading around Rs 29, down 71%. The benchmark indices - Sensex,  during the same has gone up  by almost 10,000 points. 

FirstChoiceIPO had advised the investors to stay away from the IPO

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