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.

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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