Reliance Power IPO has been oversubscribed 55.48 times till Thursday, January 18, 2008 1400 hrs IST

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The mega IPO of Reliance Power Limited opens for subscription from today, i.e. January 15, 2008 and will remain open till January 18, 2008. The 100% Book-built issue comprises of 260,000,000 Equity Shares of Rs. 10/- each (228,000,000 for public) in a price band of Rs.405/- to Rs.450/- per share. The retail investors are allowed a discount of Rs.20/- per share. There is a partial payment method offered for Retail and HNI Category in addition to normal full payment method.

Check back here frequently for day to day updates on Reliance Power Limited including Subscription Figures (Bidding Status), Allotment Status, etc.

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The day to day bidding status / subscription status including classification for subscription in QIB, HNI and Retail Categories for Reliance Power Limited IPO, which opens from Tuesday, January 15, 2008 will be posted on this blog.

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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.

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Reliance Power Ltd. IPO Basis of Allotment will be posted here as soon as it is available.
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The price band for the upcoming mega IPO of Reliance Power is between Rs.405/- to Rs.450/- per share. Accordingly the bid lot for the same is most likely to be 15 shares and in multiples thereof.

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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