Of course I am willing to overlook here the small fact that one needs to view Torrent Power's numbers with suspicion. But then, is Adani any different?
Another way to play Adani Power IPO is to subscribe to it. But then, by the time listing happens in 3-4 weeks, the world might have changed. Investors in Reliance Power IPO in Jan 2008 didn't really enjoy the ride as the stock listed in Feb and the Sensex was on its way to 10K instead of its way to 40K. This way, if things were to turn suddenly, I can exit.