Friday, January 4, 2008

Reliance Power Limited - IPO opening on Jan 15

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 is entering in the capital markets with an initial public offering, IPO of 26,00,00,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.

The price band for the issue has been fixed at Rs. 405/- at lower level and Rs. 450/- at upper level for equity share of Rs. 10/-. The issue opens on Jan 15, 2008, and closes for subscription on Jan 18, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Reliance Power Limited IPO, RPL IPO Allotment Status,Reliance Power IPO discussions, Reliance Power Limited IPO reviews, Reliance Power Limited News and RPL IPO Listing Date.