Bookbuilding IPO | ₹11,544 Cr | Listed at BSE, NSE | Tue, Jan 15, 2008 - Fri, Jan 18, 2008
Reliance Power IPO is a book build issue of ₹11,544.00 crores. The issue is entirely a fresh issue of 26.00 crore shares of ₹11,544.00 crore.
Reliance Power IPO bidding started from Jan 15, 2008 and ended on Jan 18, 2008. The shares got listed on BSE, NSE on Feb 11, 2008.
Reliance Power IPO price band is set at ₹450 per share. The lot size for an application is 15. The minimum amount of investment required by an retail is ₹6,750 (15 shares) (based on upper price). The lot size investment for sNII is 30 lots (450 shares), amounting to ₹2,02,500, and for bNII, it is 149 lots (2,235 shares), amounting to ₹10,05,750.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Reliance Power IPO RHP for detailed Information.
IPO Open
Tue, Jan 15, 2008
IPO Close
Fri, Jan 18, 2008
Issue Price
₹450 per share
Market Cap (Pre-IPO)
₹1,01,700.00 Cr
| IPO Date | 15 to 18 Jan, 2008 |
| Listed on | Mon, Feb 11, 2008 |
| Face Value | ₹10 per share |
| Price Band | ₹405 to ₹450 |
| Issue Price | ₹450 per share |
| Lot Size | 15 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 20.00 per share |
| Total Issue Size | 26,00,00,000 shares (agg. up to ₹11,544 Cr) |
| Reserved for Private Promoter | 3,20,00,000 shares (agg. up to ₹1,440 Cr) |
| Fresh Issue | 22,80,00,000 shares (agg. up to ₹10,123 Cr) |
| Net Offered to Public | 22,80,00,000 shares (agg. up to ₹10,123 Cr) |
| Share Holding Pre Issue | 2,00,00,00,000 shares |
| Share Holding Post Issue | 2,26,00,00,000 shares |
| BSE Script Code / NSE Symbol | 532939 / RPOWER |
| ISIN | INE614G01033 |
Reliance Power IPO comprises a total issue size of 22,80,00,000 shares. The net offer to the public is 19,60,00,000 shares, after excluding 3,20,00,000 shares allotted on a firm basis. Of the Net offer 13,68,00,000 (60.00%) are allocated to QIB, 2,28,00,000 (10.00%) allocated to NII 6,84,00,000 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 13,68,00,000 | 60.00% | 60.00% | NA |
| NII (HNI) Shares Offered | 2,28,00,000 | 10.00% | 10.00% | NA |
| Retail Shares Offered | 6,84,00,000 | 30.00% | 30.00% | 45,60,000 |
| Firm Reservations | ||||
| Private Promoter Shares Offered | 3,20,00,000 | 14.04% | NA | |
| Total Shares Offered | 22,80,00,000 | 100.00% | 100.00% | |
Investors can bid for a minimum of 15 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 15 | ₹6,750 |
| Retail (Max) | 29 | 435 | ₹1,95,750 |
| S-HNI (Min) | 30 | 450 | ₹2,02,500 |
| S-HNI (Max) | 148 | 2,220 | ₹9,99,000 |
| B-HNI (Min) | 149 | 2,235 | ₹10,05,750 |
Reliance Power Limited (REPL), 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 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 Reliance Power 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Subsidiaries to part-finance the construction and development costs of certain of our projects. | 8,642.43 |
| 2 | General corporate purposes; and | 2,801.72 |
| 3 | Achieve benefits from listing of the Equity Shares | 119.05 |
| KPI | |
|---|---|
| RoNW | 63% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 90% |
| Market Cap | ₹1,01,700.00 Cr. |
The Reliance Power IPO is subscribed 73.04 times on January 18, 2008 5:00:00 PM (Day 4). The public issue subscribed 14.87 times in the retail category, 82.62 times in the QIB category, and 190.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management, underwriting and selling commission | 50.60 |
| 2 | Advertising and marketing expenses | 30.00 |
| 3 | Printing and stationery (including courier and transportation charges) | 20.00 |
| 4 | Others (Registrar fees, legal fees, listing costs, etc.) | 18.00 |
| 5 | Fees paid to rating agency | 0.45 |
Date: Friday April 25, 2008
Reliance Power limited (REPL) has announced the long-awaiting record date for its bonus shares. Company will issue 3 bonus shares for every 5 shares hold by investors at the end of day June 02, 2008. The company's books will remain closed between June 3 and 5 for this purpose.
Important information about this Reliance Power limited (REPL) bonus shares are:
Date: Sunday February 24, 2008
Reliance Power Ltd declared 3 bonus shares for every 5 shares held.
The bonus issue will bring the cost of per Reliance Power ltd share for retail investors to Rs 269 (earlier Rs 430) and for others to Rs 281 (earlier Rs 450).
The expected ex-bonus share price would be around Rs 300, if the market situation remains same as current market.
``I have been personally concerned by the notional losses arising to millions of our investors as a result of a dramatic adverse change in sentiment in global and domestic capital market after the pricing of our IPO,'' Ambani said. ``The board endorsed my concern and approved the bonus issue.''
Company needs approval from its shareholders before sending the bonus issue detail to stock exchanges to fix record date.
Once record date has been declared, all the investors holding shares on that date, would be entitled to receive bonus shares.
Date: Sunday February 17, 2008
After an unexpected poor performance on listing of Reliance Power, Anil Ambani finally decided to come out with bonus shares.
To remain in the race and do not loose investors trust in ADA group, company today announce to offer free bonus shares for Reliance Power investors (non promoter). Final decision will be taken in company's board meeting on Sunday February 24, 2008. The board will also consider few other options to being the share value up.
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹450.00 | ₹450.00 |
| Open | ₹547.80 | ₹530.00 |
| Low | ₹355.05 | ₹355.30 |
| High | ₹599.90 | ₹530.00 |
| Last Trade | ₹372.50 | ₹372.30 |
Reliance Power IPO is a main-board IPO of 26,00,00,000 equity shares of the face value of ₹10 aggregating up to ₹11,544 Crores. The issue is priced at ₹450 per share. The minimum order quantity is 15.
The IPO opens on Tue, Jan 15, 2008, and closes on Fri, Jan 18, 2008.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Reliance Power IPO using UPI as a payment gateway. Zerodha customers can apply in Reliance Power IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Reliance Power IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Reliance Power IPO opens on Tue, Jan 15, 2008 and closes on Fri, Jan 18, 2008.
Reliance Power IPO lot size is 15, and the minimum amount required for application is ₹6,750.
You can apply in Reliance Power IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Reliance Power IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Reliance Power IPO allotment status.
The Reliance Power IPO listing date is on Mon, Feb 11, 2008.
