Smart Investing..

The IPO of Adani Power , promoted by the owners of Mundra Port & SEZ, opens today on June 28 and plans to mop up to Rs 3,016 crore from the primary market. This is the second biggest in country's history after Reliance Power. Basic Details of the IPO: Books Open 28th July 2009, Tuesday Books Close 31st July 2009, Friday Price Band Rs.90 - Rs.100. Lot Size 65 x multiples of 65 Equity Shares Issue Size Primary offering of 301,652,031Equity shares (~13.8% of post issue capital) Employee Reservation 8,000,000 Equity Shares Net Issue Size 293,652,031 Equity Shares (~13.5% of post issue capital) QIB Book 60% of the Net issue size - at least 176,191,219 shares Retail Book 30% of Net issue size - not less than 88,095,609 shares HNI Book 10% of Net issue size - not less than 29,365,203 shares Book Running lead managers DSP ML, JM Financial, Enam, IDFC SSKI, Kotak, Morgan Stanley, I-Sec, SBI Caps The rough date of listing is around August 20 th 2009. As I write this blog artic

Hi The entry load on mutual fund has been abolished by SEBI from August 1 2009. Its a double edged sword for lot of investors as the good part is that no entry load will be charged and the whole amount will be invested but the negative part to the whole story is hardly there will be any company who will give advice to retail customers. We can argue here by saying that advice is not required as anybody can decide on which funds to buy or sell. Though its not true because I remember a wealth managament company who during the last bull run, when market valuations were getting stretched had asked their clients to come out in a staggered way from equity MFs. Those clients who agreed to go with the companies advice had very less loss compared to those who stayed put thinking market will cross 25 K on Sensex. Similarly there are clients who take lot of new age allocations like gold and infra and make a mixture of various MFs and think that they have done something great. They realise the fail