The equity shares of Rural Electrification Corporation Limited will be listed on Wednesday, March 12, 2008. Details are given below:

ISIN: INE020B01018
NSE Symbol: RECLTD
Issue Price: Rs 105/- per equity share

IPO Allotment Status for Rural Electrification Corporation IPO can be now be checked online.

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Update(5-3-2008): The allotment status for Rural Electrification Corporation IPO which closed on February 22, 2008 is now available online!

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The IPO of Rural Electrification Corporation Ltd., a state run company, was finally subscribed 27.76 times. The Final Subscription Status is given below:

Rural Electrification Corporation Ltd Subscription Figures updated as on February 22, 2008 2030 hrs IST:
QIB: 39.30 times
Non-Institutional Investors: 27.12 times
Retail: 7.68 times
Employees: 0.94 times
Overall: 27.88 times

Rural Electrification Corporation IPO Bidding Status till Thursday, February 21, 2008 1815 hrs IST:
QIB: 6.51 times
Non-Institutional Investors: 0.76 times
Retail: 0.79 times
Employees: 0.71 times
Overall: 4.13 times

Rural Electification IPO Bidding Status as on Wednesday, February 20, 2008 1700 hrs IST:
QIB: 4.52 times
Non-Institutional Investors: 0.10 times
Retail: 0.25 times
Employees: 0.04 times
Overall: 2.73 times

QIB: 3.62 times
Non-Institutional Investors: 0.04 times
Retail: 0.07 times
Employees: 0.00 times
Overall: 2.14 times

The IPO of Rural Electrification Corporation, a state run company, opened for subscription from today, i.e. Tuesday, February 19, 2008. The IPO was subscribed fully on Day 1 itself. L & FS Investsmart Securities Limited, ICICI Securities Limited and SBI Capital Markets Limited are the book running lead managers for the Issue. The equity shares are proposed to be listed on the NSE and the BSE. The issue is open till Friday, February 22, 2008. Following is the details of the IPO:

Rural Electrification Corporation (REC) IPO Details:
IPO Opens on: Tuesday, February 19, 2008
IPO Closes on: Friday, February 22, 2008
Price Band: Rs.90/- to Rs.105/- per equity share
Bid Lot: 60 equity shares and in multiples thereof
BRLM: ICICI Securities, IL&FS Investsmart and SBI Capital Markets.
Registrar: Karvy Computershare Private Ltd

Check back here regularly for latest subscription figures and other updates on Rural Electrification Corporation IPO!

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- Company Website
- Red Herring Prospectus (NSE)
- Prospectus (SEBI)
- Application Form
- Registrar's Website

The bid lot for Rural Electrification Corporation IPO is 60 equity shares and in multiples thereof.
The IPO is open between February 19, 2008 and February 22, 2008.

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Rural Electrification Corporation (REC), a state run company, is coming out with an initial public offer of nearly 15.6 Crores shares at a price band of Rs.90/- ro Rs.105/- per share. The issue will open for subscription on February 19 and close on February 22, 2008.

Following are available details about REC IPO:

Rural Electrification Corporation (REC) IPO Details:
IPO Opens on: Tuesday, February 19, 2008
IPO Closes on: Friday, February 22, 2008
Price Band: Rs.90/- to Rs.105/- per equity share
Bid Lot: 60 equity shares and in multiples thereof
BRLM: ICICI Securities, IL&FS Investsmart and SBI Capital Markets.
Registrar: Karvy Computershare Private Ltd


Details about the IPO including market lot, day to day subscription status, link for viewing allotment status, etc. will be posted on this blog as soon as available. Keep visiting regularly for details


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The price band for the upcoming IPO of Rural Electrification Corporation is fixed at Rs.90/- to Rs.105/- per equity share. The state run company proposes to offer nearly 15.6 crore equity shares. The issue opens from February 19, 2008

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