Analysis and Insights into the world of IPOs and investing in India

Thursday, February 14, 2008

Rural Electrification Corporation IPO opens for subscription from February 19, 2008

Rural Electrification Corporation (REC), a state run company, is coming out with an initial public offer of nearly 15.6 Crores shares at a price band of Rs.90/- ro Rs.105/- per share. The issue will open for subscription on February 19 and close on February 22, 2008.

Following are available details about REC IPO:

Rural Electrification Corporation (REC) IPO Details:
IPO Opens on: Tuesday, February 19, 2008
IPO Closes on: Friday, February 22, 2008
Price Band: Rs.90/- to Rs.105/- per equity share
Bid Lot: 60 equity shares and in multiples thereof
BRLM: ICICI Securities, IL&FS Investsmart and SBI Capital Markets.
Registrar: Karvy Computershare Private Ltd

Details about the IPO including market lot, day to day subscription status, link for viewing allotment status, etc. will be posted on this blog as soon as available. Keep visiting regularly for details

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