Reliance Power to list on Feb 11
February 5th, 2008
Reliance Power is set to make its debut in the stock markets on February 11. The equity shares of the company will be listed on both BSE and NSE. The IPO was the largest to hit the Indian Markets, where the issue was subscribed by about 70 times. The qualified institutional buyers portions was subscribed by 82.5 times; the non-institutional portions was subscribed by 159.6 times and the retail portion by 13.6 times.The issue got an aggregate commitment of over Rs 7,50,000 crore, as against the issue size of Rs 11,560 crore.
The allotment and refund exercise after IPO closed was complete and the company now has about 42 lakh shareholders.
(Source: Business Line dated 5-02-08)