Wednesday, January 2, 2008

Reliance Power IPO opens on Jan 15 and will close on January 18, 2008

Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets.The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.The equity shares of the company are proposed to be listed on BSE and NSE.

1. Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.
2. Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price.
3. The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.

Posted by crazyreader at 11:08 PM

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