Electrifying response to Rel Power IPO, subscribed 14x

Thursday, January 17, 2008

Electrifying response to Rel Power IPO, subscribed 14x

2008-01-16 14:20:12 Source : moneycontrol.com

It has been an electrifying response since day one for Reliance Power IPO, which has subscribed 13.85 times, till 5 pm, as per data available on NSE website. Maximum bids are at Rs 450 per share, a higher end of band Rs 405-450.

More than 10 lakh forms have been received from retail investors for Reliance Power IPO.

Issue received bids for 3.15 billion shares as against 26 crore shares on offer and that bids worth more than Rs 1.4 lakh crore.

Till yesterday, qualified institutional investors' reserved portion subscribed 16.2 times followed by 7 times subscription in HNIs category. Mild response has seen from retail investors.

See also...

Reliance Power IPO sets world record $200 bn

Reliance Power IPO bid details

Reliance Power IPO Subscription status update

Rel Power IPO subscribed 73x; gets bids of Rs 7.5 lk cr

Rel Power IPO subscribed 23x; gets bids of Rs 2.34 lk cr

Reliance Power will go a long way, says experts

Rel Power IPO subscribed 10.5x; receives bids of $ 27.5 bn

Reliance Power IPO bidding starts tomorrow (15th Jan)

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