Details of the Reliance Power IPO as obtained from our sources in BRLM.
Issue opens on: January 15, 2008
Issue closes on: January 18, 2008
Price Band: Rs. 405 to Rs. 450 per equity share.
Issue Size: 130 crore equity shares of Rs.10 each, by 100% book built issue. This size is 11.5% of the total equity of 1,130 crore equity shares.
Promoters’ Contribution: 16 crore equity shares of Rs.2 each to be subscribed by the Promoters at the same price as being offered to the public. Reliance Energy Ltd. (RIL) and AAA Projects Ventures Pvt. Ltd. (AAA) being the joint promoters would be subscribing 8 crore equity shares of Rs.2, each. (more…)