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.

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

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
Registrar : Karvy Computershare Pvt Ltd

Reliance Power Limited (RPL) is subsidiary of Reliance Energy Limited and a part of Reliance Anil Dhirubhai Ambani (ADA) Group, which is is one of the biggest business group in India. The group deals in businesses like telecommunications (Reliance Communications), financial services (Reliance Capital), energy (Reliance Energy REL, Reliance natural resources RNRL, Reliance Energy Transmission and Reliance Energy Trading) and other sectors.

Click here to download Reliance Power Limited (RPL) IPO Prospectus (with SEBI)