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.

Reliance Power IPO Allotment Status is available online

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Update: You can check the refund status for your application at Karvy's Website.
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Note: For any queries regarding non-credit of shares or non-receipt of refund order, please visit Karvy's Website here or call Karvy at Toll Free Number: 18003454001

Earlier the issue was closed on January 18, 2008 and was oversubscribed 73.04 times as under:
QIB: 82.62 times
Non-Institutional Investors: 190.02 times
Retail: 14.87 times
Overall: 73.04 times

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

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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.

The equity shares of Reliance Power Ltd. will be listed and admitted to the dealings of exchanges with effect from Monday, February 11, 2008.

ISIN: INE614G01033
BSE Script Code: 532939
NSE Symbol: RPOWER
Listing in: A Group of Securities
Issue Price: Rs. 450/- per share


> Reliance Power IPO Allotment Status
> Reliance Power IPO Final Subscription Details
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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.

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