Syndicate is liable for any failure in downloading the bids due to faults in any. Reliance power ipo is a mainboard ipo of 260,000,000 equity shares of the face value of. Reliance power issue price fixed at rs 450 the economic. The information in this prospectus is complete and accurate only as of the date of the. The company is currently in the process of developing medium and large sized power projects with a combined planned installed capacity of 28,200 mw.
Rpl is part of the reliance anil dhirubhai ambani reliance ada group and was established with the purpose of developing, constructing and operating power projects domestically and internationally. The utilization of the funds from ipo is significant and as per the objective mentioned in prospectus. The initial public offering of reliance power has been subscribed 7. The equity shares offered through this draft prospectus are proposed to.
The reliance power initial public offering ipo is ready to hit the street on january 15 in a price band of rs 405 to rs 450. Reliance power ltd announced bonus shares record date. Reliance power limited ipo reliance power ipo detail. Reliance nippon life ipo details ipo date, price, gmp. Reliance power listing to charge up indian ipos bloomberg. Markets regulator sebi had received draft red herring prospectus for the proposed ipo on february 8 through lead manager lm. Reliance power has not changed its plans to list its shares, the anil dhirubhai ambani group that controls the firm said on 23 october, reacting to market speculation the initial public. Update 1indias reliance power says no pre ipo placement. Get all the latest news and updates on reliance power ipo only on. Reliance power files red herring prospectus with roc.
Reliance nippon life ipo is a mainboard ipo of 61,200,000 equity shares of the face value of. Indian power producer reliance energy plans an initial public offering for its reliance power unit, which contributes about 63% of the companys revenues. Any reliance by persons not familiar with indian accounting practices on the. Read all news including political news, current affairs and news headlines online on reliance power ipo today. The information contained in this prospectus is accurate only as of the date of this. Reliance power view the listing information and the key dates of the various companies including the exchanges on which the company is listed. Listing is important for the company on the stock exchange, so it has to be done with proper pricing. Reliance power, an arm of indias secondlargest power company, reliance energy, thursday filed a draft prospectus with indias markets regulator for an initial public offering of 1.
The initial public offering ipo was slated for fresh issue of shares worth rs 200 crore. Ambani group which recently completed its largest ipo in the history of indian. Each share has been priced at rs 405 at the lower end and rs 450 at. Directors of reliance power limited, unless otherwise specified. Anil ambani controlled reliance power, which received a tremendous response for its initial public offer, has fixed the issue price at rs 450 per share, but it will be offered at rs 430 to retail. Reliance power limited reliance power to debut on bse and nse. Reliance power limited having its registered office at block h, 1st floor, dhirubhai ambani knowledge city, navi mumbai 400 710 application form the form in which an investor can apply for subscription. Find out reliance power ipo issue price, subscription dates and status, reliance power ipo listing date and more. For details of the change in our name and registered office, see history and certain corporate matters on page 126 of this prospectus. The minimum order quantity is 15 shares per application and the offer type is book built issue. Reliance power ipo from billionaire anil ambaniled group may have generated highest demand, but its listing premium could only be ranked the lowest after dlf among 10 major ipos since elder. Reliance power limited we were originally incorporated as bawana power private limited on january 17, 1995. Anil ambani controlled reliance power, which received a tremendous response for its initial public offer, has fixed the issue price at rs 450 per share, but it will be offered at rs 430 to retail investors, a discount of rs 20. Reliance power wants to hike ipo value times of india.
Reliance power limited filed the red herring prospectus rhp on 2 january with the registrar of companies roc in mumbai for its proposed initial public offering ipo. It also captures the holding period returns and annual returns. Update 1indias reliance power says no preipo placement. While reliance power may not be a stock for shortterm investors to consider, the company is poised to get the indian ipo market off to a good start this year.
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