Datawatch: How power IPOs fared on listing day

Power project development company Adani Power promoted by Adani Enterprises will list its equity shares on the bourses on August 20, 2009. The company had fixed the issue price at Rs 100 per equity share for its initial public offering of 301,652,031 equity shares of Rs 10 each.

In today's Datawatch we look at stock price movement or performance of power companies on their listing day. There were as many as 7 power companies which were listed in the past 4-5 year.

The analysis suggests that at the end of listing day, out of 7 companies 2 had generated negative returns for the investors while remaining 5 companies ended in the green. reliance power the biggest IPO in the history of Indian markets listed on the bourses around Rs 548. However the stock ended down 17% on its listing day. Power Grid was the best performer amongst all with 94% returns for investors on the isting day.

Listing	Power Cos	Issue	On listing day (Rs)				% Chg
Date		Price	Open	High	Low	Close
27-02-06	GVK Power	310	350	400	304	316	2
14-09-07	Indowind Ener	65	80	124	55	114	75
14-07-08	KSK Energy	240	220	234	176	191	(21)
05-11-04	NTPC	62	70	76	68	76	22
05-10-07	Power Grid	52	85	109	85	101	94
11-02-08	Reliance Power	450	548	600	355	373	(17)
23-07-07	Surya Chakra	20	30	30	21	22	12

 

 

 

 

 

 

Disclaimer: Datawatch is purely intended to reveal interesting statistics. appleadvisory sources all price information from BSE/NSE and company information  is not responsible for inaccuracy/non-updation of data. There is no intention whatsoever to arrive at any conclusion or recommend any stocks or sectors. Please consult your financial advisor before taking any investing decisions.