Reliance Mutual Fund is considering coming up with an Initial Public Offering. Reliance MF is a part of the Reliance - Anil Dhirubhai Ambani Group and India's largest Mutual Fund.

Stay tuned for more on Reliance MF IPO

Reliance Infratel IPO has got SEBI Approval for its proposed IPO. Reliance Infratel is a subsidiary of Reliance Communications. However, the date for the IPO is not yet fixed.

On Sunday February 17, 2008, Reliance Power Ltd had announced proposed bonus shares for its investors other than promoters. Today, after a week, the bonus shares were declared. Reliance Power Ltd declared that 3 bonus shares will be issued for every 5 shares held. Earlier the issue price of Reliance Power Ltd. IPO was fixed at Rs.450/- per share. Retail Investors were given a discount of Rs.20/- per share

Consequently, the bonus issue will reduce the cost per share of Reliance Power Ltd. for retail investors to about Rs.269/- and for non-retail investors to about Rs.281/-

The record date for bonus shares will be decided upon and all investors who hold shares as on that date will be eligible for bonus.

Reliance Power Ltd plans to issue bonus shares to all equity holders other than the promoters. Final decision will be taken in company's board meeting on Sunday February 24, 2008. The ratio of bonus shares is not known yet.

Refund Order Details for Reliance Power Application can be checked at Karvy's Website:

Click here to check your refund order details


Update: The link for Reliance Power Refund Status is removed now. However, you can still check refund order status for the latest IPOs from the above link.

Reliance Entertainment, another ADAG Company may come up with an IPO in near future. The DRHP is expected to be filed with SEBI after Budget 2008.

Check back here for more updates on Reliance Entertainment IPO

The listing date for Reliance Power Limited is expected to be Monday, February 11, 2008. Official notices about Reliance Power IPO Listing is yet to be published by the stock exchange.


Earlier the issue was closed on January 18, 2008 and was oversubscribed 73.04 times.

Click here for more details Reliance Power Limited Listing
Click here for more posts on Reliance Power Limited IPO

Reliance Infratel Limited, a subsidiary of Reliance Communications, has filed its DRHP with market regulator SEBI today.

Further details about Reliance Infratel Ltd. IPO including IPO Dates, Issue Size, Price Band, Bid Lot, Bidding Status, Allotment Status, and Listing Details will be posted here later.

Keep checking back here for more on Reliance Infratel IPO!

The bid lot for the upcoming IPO of Reliance Power Limited IPO is most likely to be of 15 shares and in multiples thereof. The price band of Rs.405/- to Rs.450/- per share.

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- Red Herring Prospectus (SEBI)
- Prospectus (SEBI)
- Company Websites: http://www.reliancepower.co.in/
http://www.relianceadagroup.com/

Retail and Non-Institutional Investors can also opt for Partial Payment option, which is an added option besides the normal full payment option. However, this option is not available to Qualified Institutional Bidders (QIBs). The two options available to Retail and Non-Institutional Investors are:


Option I: Partial payment option - Rs. 115/- Per Equity Share at the time of bidding
Option II: Full payment option - Rs. 405/- to Rs. 450/- Per Equity Share

>> Reliance Power Limited IPO to feature discount for Retail Investors
>> Reliance Power Limited IPO offers two payment options to Retail and HNI Category
>> Reliance Power Limited IPO Issue Size
>> SEBI gives final approval to Reliance Power IPO
>> Reliance Power Ltd. IPO price band
>> Reliance Power Limited IPO opens on January 15, 2008
>> CRISIL Rating for Reliance Power IPO
>> About Reliance Power Limited

Retail Individual Investors will get a discount of approx. 5% of the issue price as Reliance Power has decided to offer a discount of Rs 20 per share to the retail investors. This may be done to enable large participation by retail investors. Reliance Power IPO is speculated to be the largest IPO in Indian Stock Market history.

Price band of Reliance Power IPO has been fixed to Rs. 405/- to Rs. 450/- Per Equity Share. Retail and Non-Institutional Investors can also opt for Partial Payment option, which is an added benefit as only Rs.115/- per share is to be paid at the time of application. However, this option is not available to Qualified Institutional Bidders (QIBs).

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The issue size of Reliance Power Limited IPO will be 26,00,00,000 Equity Shares of Rs. 10/- each. (228,000,000 for public) Issue will open for subscription of January 15, 2008 and close for subscription on January 18, 2008. Price band of the 100% Book Built Offer has been fixed to Rs. 405/- to Rs. 450/- Per Equity Share.

Click here for more info on Reliance Power Limited IPO

Reliance Power Ltd. IPO Basis of Allotment will be posted here as soon as it is available.
Check back here frequently for updates

Issue Opens on : January 15, 2008
Issue Closes on : January 18, 2008
Issue Type : 100% Book Built Issue (IPO)
Price Band: Rs.405/- to Rs.450/- per equity share
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