Reliance Power is set to make its debut in the stock markets on February 11, reports Business Line.
The equity shares of the company will be listed on both the BSE and the NSE. The IPO was the largest to hit the Indian markets, where the issue was subscribed by about 70 times. The qualified institutional buyers` portion was subscribed by 82.5 times; the non-institutional portion was subscribed by 159.6 times and the retail portion by 13.6 times. The issue got an aggregate commitment of over Rs 7,500 billion, as against the issue size of Rs 115.60 billion.
The allotment and refund exercise after the IPO closed was completed and the company now has about 42 lakh shareholders.
3 comments:
any idea on listing price?
Price is expected to be in the range of 680 - 750 Rs on listing
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