Adani Power IPO: To apply or not?

Power of Calm

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Adani Power has completed allocation of shares to anchor investors. It allocated 5.25 crore shares to the domestic and foreign institutional investors for close to Rs 502.14 crore.
Foreign institutional buyers include T Rowe Price, AIC, Ecofin, TPG and Legg Mason. Among domestic institutions, Sundaram Mutual Fund pumped in Rs 81 crore in Adani Power and was allotted shares for Rs 95 each. While TPG and Legg Mason were allotted shares through Credit Swice and CLSA, respectively. T Rowe Price got the highest allocation of Rs 220.10 crore for equity share of Rs 95 each. AIC, Ecofin, TPG and Legg Mason invested Rs 24.20 crore, Rs 24.40, Rs 80 crore and Rs 72.4 crore, respectively.

In this background what are all the options available for retail investors. Short-term investors can apply at Cut-off price and should book profits as soon as possible. Long term investors can enter the scrip later as there are so many concerns related to coal supply and dependence on Chinese equipment suppliers and equipments quality.

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