Revival of Primary Market ( New issue of share ) indicates the recovery of investment sentiments. Hence the recent success of Adani Power further strengthens the view that Markets could very well be on the path of recovery. The worst situations : tight money, low liquidity, high interest cost etc is definitely over.
Attached is the IPO subscription details of Adani Power. The issue has been heavily subscribed on the institutional side ( 39 times ). On the retail side it has been suscribed by nearly 3 times. Hence there is higher chance of atleast a partial allotment on the retails segment. Higher subscription figure in the HNI segment and Instritutional side indicates decent listing premium ( around 50%) on day one! Let us wait and see.
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