Reliance Power IPO

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Reliance Power IPO Allotment Status : Reliance Power IPO Allotment chances

Tuesday, January 1, 2008

Reliance Power IPO Allotment status:

Reliance Power IPO is no use applying as there is going to huge response to reliance power ipo.

Reliance Power IPO Response is going be to huge among retail investors going by present ipo trend.

So dont expect Great profits from Reliance Power ipo as allotment chances in reliance power ipo is going to be so bad.

Reliance Power IPO Allotment Status and Listing information

The total value of Reliance Power IPO, according to market expectations, would be more as the proceeds would be used to fund a total of 12 power projects with a total installed capacity of 24,200 MW, generating speculation that it could be even bigger than the largest IPO in the country. The investment envisaged for the projects is nearly Rs 1 lakh crore.

Reliance Power proposes to come out with an IPO of 160 crore shares of face value Rs 2, at a premium to be fixed later.

Source : Birlaa.com

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posted by Unknown @ 6:55 AM  

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