Tuesday, February 05, 2008

Reliance Power to list on bourses on 11 FEB 08

Reliance Power will list on exchanges on Monday, 11 February 2008.

Anil Dhirubhai Ambani-led Reliance Power, whose issue got an aggregate commitment of over Rs 7.50 lakh crore, as against the issue size of Rs 11,560 crore, had priced the IPO at the top end of the price band at Rs 450 per share, valuing the firm at $30 billion.

Reliance Power IPO had ended on 18 January 2008 with 73.04 times subscription. The IPO had mopped up bids for 1665.20 crore shares as against 22.80 crore shares on offer.

With around 42 lakh shareholders, Reliance Power will be the largest shareholder base company among the companies listed on the stock exchanges.

The qualified institutional buyers (QIBs) category was subscribed 82.61 times, the non institutional investors portion was subscribed 190.02 times and the retail portion was subscribed 14.87 times.

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