Reliance Power IPO opens Jan 15 and closes on Jan 18.Reliance Power will give the retail investors a five per cent price discount in its forthcoming IPO, through which the company will raise up to Rs 11,700 crore.
Based on the upper limit of the price band, the company would raise Rs 11,700 crore with the sale of 26 crore shares in the public offer.
This would be the biggest ever IPO in India, surpassing the public issue of realty giant DLF that raised about Rs 9,000 crore last year.
This is believed to be the first to offer a discount in the IPO price for retail investors. Rating agency Crisil assigned an above average 4-on-5 rating to the proposed initial public offer of Reliance Power.
