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Junior Member
 
Group: Forum Members
Last Login: Thursday, May 01, 2008 2:33 AM
Posts: 12,
Visits: 127
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The much awaited Reliance Power IPO starts Jan 15th and runs till Jan 18th. After going through
many uncertainties and a long tussle with the SEBI (the SEC equivalent in India) the IPO is all set to go and
is touted to be the largest in the history of the Indian stock market expected to generate Rs 11,700 crore by offering shares of Rs.10 at a premium of Rs.415 to Rs.450. Off the total IPO, 9.95 percent is being offered to the public, while the rest will be split equally between the
promoters, Reliance Energy and AAA Projects. Another interesting aspect of this IPO is that investors need to pay only Rs 150 on application and can pay the rest after allotment. Also a five per cent discount is being offered to retail investors. The stock is slated to be listed on the Bombay Stock Exchange (BSE) in early february and that should offer a good arbitrage opportunity between stocks of Reliance Power and its parent company Reliance energy as being discussed here. Apparently NRIs can participate in this IPO. The impact of this IPO can be described no less than in the words of Reliance Anil Dhirubai Ambani Group chairman Anil Ambani. The Indian capital market is near all-time high and there would not have been a better time to create history.
- sinnerJi
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