Reliance Power IPO
A short note on Reliance Power Limited:
Reliance Power Limited is under the Anil Ambani Group and it is involved in the business of developing large and medium size power projects. Reliance Power Limited has plans developing around thirteen large and medium sized power projects. The projects that are being developed by Reliance Power Limited are located in southern India, western India, north- eastern India and northern India. The total installed power generation capacity of all the thirteen power projects would be around 28,200 MW.An overview of Reliance Power IPO:
Reliance Power IPO has been issued by Reliance Power Limited. Reliance Power IPO was issued on 15th January, 2008 and closed on 18th January, 2008. Reliance Power Limited Company is planning to generate capital worth ` 11, 700 crores through the IPO. This makes it the largest IPO in the country as on 17th January, 2008. The price band of the equity shares of Reliance Power IPO has been fixed at ` 405- 450 per equity share.The total size of Reliance Power IPO is around 26 crores equity shares. Reliance Power IPO will be listed on the National Stock Exchange (NSE) and also on the Bombay Stock Exchange (BSE). The lead bankers of Reliance Power IPO are Enam Securities, Kotak Mahindra Capital Co, ABN Amro Rothschild, ICICI Securities, JP Morgan Chase & Co, UBS AG and Deutsche Bank AG.
Main objective of Reliance Power IPO:
The main objective of Reliance Power IPO is that the proceeds from the issue will be used to fund the power generation projects that the company plans to carry out.To know more about Ipo India Firms click on the following links:
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