Adani Power IPO APL IPO: Review Analysis & Details

You may have seen a lot of TV ads where it shows power being cut off, and then a child runs following the electricity poles and wires. Finally, he reaches the power factory where he is "given" electric power in his hands in the form of light and he returns back to enlighten the equipments in his locality. The ad belongs to Adani Power Limited, who have now decided to come out with their IPO or Initial Public Offering and have also received nod from SEBI. In this article, we will look at the review, analysis and fine details of the Adani Power IPO and try to do the Review and analysis of Adani Power IPO.
Some basic details first:
What is the issue size of the Adani Power IPO?
The Adani Power IPO is planning to raise around Rs 2200 Crores through the IPO.

What is the company profile & business for the Adani Power IPO
As per the details available, Adani Power Limited (APL), a member of 4.6 Billion US Dollar Adani Group, has taken up implementation of Mega Thermal Power Projects at various locations in India in view of the growing needs of Power requirements in the country. APL propose to implement 2640 MW Coal based Thermal Power Project at Mundra, Dist. Kutch, Gujarat, India. APL also propose to implement 1320 MW Coal based Thermal Power Project at Tiroda, Gondia, Maharashtra through its 100% subsidiary, Adani Power Maharashtra Ltd. (APML) APL is also actively planning to implement other Thermal Power Stations at various locations in India, totaling to about 10000 MW in the coming years. APL is engaged in the Power Trading business across the country and also aiming to enter into Power Transmission in a big way.

How many shares will be offered for sale for the Adani Power IPO?
Around 30 Crore shares or around 13% of the total share offering are expected to be sold through the Adani Power IPO.

What is the price band of the Adani Power IPO
The price band for shares of Adani Power IPO is not yet decided. However, if you go by some basic calulations (2200 Crore issue size divided by 30 Crore shares), the approximation for share price of Adani Power shares comes to Rs. 73 or so - Again, is just the estimate, actual share price info is not available.

What is the trading symbol & exchange for the Adani Power IPO
No info is available about the trading symbol, but the listing will be on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE)

What are the IPO dates for Adani Power IPO
The IPO for Adani Power is expected to come out in the last week of July 2009.

What are the financial results and position for Adani Power IPO
Despite the recession, the company has managed to show good results. There were sales of Rs212 crore in 2008-09, and has been growing at a compounded annual growth rate of 70% for the past three years.

Who are the underwriters of the Adani Power IPO?
DSP Merrill Lynch.

What is the current share holding pattern of Adani Power ?
As of now, A UK-based private equity fund had bought 8% equity in APL whose promoters have so far invested around Rs 3,500 crore in the project and tied up debt of nearly Rs 22,670 crore.

What are the analysts recommendations for this IPO?
The demand for Power is going to increase leaps and bounds. With the scarcity of Alternative Energy sources being identified and implemented in countries like India, the Power companies are expected to be benefitting if they can generate good business