Anil Dhirubhai Ambani Group (ADAG) company Reliance Power, after receiving a tremendous response for its initial public offer, fixed the issue price at Rs 450 a share, and will allot shares at a discount of Rs 20 to retail investors i.e. at Rs 430.
Following the IPO, the largest ever in the country, ADAG has become the second largest corporate house in the country with market cap touching USD 100 billion, claimed chairman Anil Ambani.
The IPO which closed on 18th January garnered a record Rs 1,150 billion of capital which has been deposited in the banking system as application money.
Reliance Power has a diversified portfolio of 13 medium and large-sized power projects under development located at various places across India.
Source: IRIS
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