Reliance Power Limited (RPL), a Reliance Anil Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects. The Reliance ADA group is one of the biggest business group in India involve in business like telecommunications (Reliance Communications), financial services (Reliance Capital), media and entertainment (Adlabs Films), infrastructure, energy (Reliance Energy REL, Reliance natural resources RNRL, Reliance Energy Transmission and Reliance Energy Trading) and other sectors.Reliance Power Limited (RPL) is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW across various geographic locations in India. First project of RPL is expected to go onstream in 2009. Company intend to sell the power generated by these projects under a combination of long-term and short-term PPAs to state-owned and private distribution companies and industrial consumers.
CRISIL IPO Grade:
Reliance Power Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average, in relation to other listed equity securities in India and by ICRA Limited as ICRA IPO Grade 4, indicating above average fundamentals.
Reliance Power Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average, in relation to other listed equity securities in India and by ICRA Limited as ICRA IPO Grade 4, indicating above average fundamentals.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
Fund subsidiaries to part-finance the construction and development costs of certain of 12 power generation projects currently under various stages of development.
General corporate purposes.
Achieve the benefits of listing on the Stock Exchanges.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
Fund subsidiaries to part-finance the construction and development costs of certain of 12 power generation projects currently under various stages of development.
General corporate purposes.
Achieve the benefits of listing on the Stock Exchanges.
IPO Information
»» Public Issue Open : January 15, 2008 to January 18, 2008
»» Public Issue Open : January 15, 2008 to January 18, 2008
»» Public Issue Type : 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 260,000,000 Equity Shares of Rs. 10/- each (228,000,000 for public)
»» Public Issue Price: Rs. 405/- to Rs. 450/- Per Equity Share
»» Retail Discount: Rs. 20/- Per Equity Share (Only for Retail Individual Bidders)
»» Payment Methods:
1. Partial payment option - Rs. 115/- Per Equity Share at the time of bidding
2. Full payment option - Rs. 405/- to Rs. 450/- Per Equity Share
»» Market Lot: 20 Shares
»» Minimum Order Quantity: 20 Shares
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing At: BSE, NSE
»» Lead Manager(s): Kotak, UBS, ABN AMRO, Deutsche, Enam, ICICI Securities, JM Financial and J.P. Morgan.