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

Saturday, January 19, 2008

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

Source : moneycontrol.com

The initial public offer of Reliance Power, Anil Dhirubhai Ambani Group Company, has received excellent response since day one despite negative sentiment in markets as well as across the globe. The issue subscribed 72.58 times and received bids worth about Rs 7.5 lakh crore (7.5 trillion).

QIBs reserved portion subscribed nearly 80 times, non institutional investors 200 times and retail 15 times.

The issue received bids for 16.55 billion equity shares as against 22.8 crore shares on offer.

The price band is between Rs 405-450 per share. The company is likely to raise more than Rs 10000 crore from this public issue excluding promoters’ contribution.


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 23x; gets bids of Rs 2.34 lk cr


Reliance Power will go a long way, says experts


Electrifying response to Rel Power IPO, subscribed 14x


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


Reliance Power IPO bidding starts tomorrow (15th Jan)


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