Issue Details
Reliance Power to issue 26 crore equity shares of Rs 10 each
Issue Contribution :
Promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters.
The balance 22.8 crore equity shares would constitute the net issue to the public.
The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.
Issue Price :
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.
For Retailers we can apply at 430 rs ,which is approximately less by 5% of the
issue price.so we get at discounted rate by 20 rs.
Payment Option :
Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.
Issue Date :
The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
Reliance Power to issue 26 crore equity shares of Rs 10 each
Issue Contribution :
Promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters.
The balance 22.8 crore equity shares would constitute the net issue to the public.
The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.
Issue Price :
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.
For Retailers we can apply at 430 rs ,which is approximately less by 5% of the
issue price.so we get at discounted rate by 20 rs.
Payment Option :
Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.
Issue Date :
The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
