MUMBAI: Reliance Power Ltd's public issue has so far generated demand for shares worth more than $123 billion (Rs 4,84,227 crore) as bids continued to pour in on the last day of the Anil Ambani Group firm's IPO. The IPO received bids for 1,076.06 crore shares as against the 22.8 crore shares on offer, getting subscribed over 47.20 times so far, according to data available on National Stock Exchange till 1300 hrs.
The public offer has already set a number of records, including the highest amount to be raised at Rs 11,700 crore and the maximum demand generated. The previous biggest IPO in terms of funds raised was real estate firm DLF that mopped up over Rs 9,000 c rore, while the public issue of Adani's Mundra Port and SEZ Ltd had generated a demand of shares worth more than Rs 200,000 crore. The company is offering equity shares at a price band of Rs 405-450 per share. The issue had opened on January 15 and clos es today. The total size of the IPO is 26 crore shares, including promoters' contribution of 3.2 crore shares. The net issue to the public is 22.8 crore shares.
Reliance Power has a diversified portfolio of 13 medium and large-sized power projects under development and strategically located at various places across India, according to the company. - PTI
Source : http://www.thehindubusinessline.com/businessline/blnus/05181502.htmLabels: Reliance Power IPO subscribes 47 times |
