Tuesday, February 5, 2008

Reliance Power IPO may List on 11th Feb

Hello Friends,

Reliance Power Limited (REPL), a Anil Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects is expected to list on the stock exchanges on Monday, 11 February 2008.
Sources near to Anil Ambani told this to a popular news channel. Official notices about Reliance Power IPO yet to be publish by the stock exchange.

REPL IPO ended on 18 January 2008 with 73.04 times subscription. Non Institutional category oversubscribed around 190.0231 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 82.6190 times and Retail Individual Investors (RIIs) category oversubscribed 14.8716 times.

Reliance Power Limited IPO was graded 4/5 by CRISIL Limited, indicating that the fundamentals of the issue are above average, As of today, Grey market of this issue is around 150 - 200.