Archive for January 15th, 2008

Reliance Power Limited - IPO

Tuesday, January 15th, 2008

Business Profile:  

Reliance Power Limited is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally. The Company on its own and through subsidiaries is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW, one of the largest portfolios of power generation assets under development in India. Our 13 power projects are planned to be diverse in geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load center. The identified project sites are located in western India (12,220 MW), northern India (9,080 MW) and northeastern India (2,900 MW) and southern India (4,000 MW). They include six coal-fired projects (14,620 MW) to be fueled by reserves from captive mines and supplies from India and abroad, two gas-fired projects (10,280 MW) to be fueled primarily by reserves from the Krishna Godavari Basin (the “KG Basin”) off the east coast of India, and four hydroelectric projects (3,300 MW), three of them in Arunachal Pradesh and one in Uttarakhand. Reliance Power has acquired the two ultra mega power projects of 4,000 MW each at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh. The 7,480 MW project to be located at Dadri in Uttar Pradesh is expected to be the largest gas-fired power project at a single location in the world. We intend to sell the power generated by these projects under a combination of long-term and short-term PPAs to state-owned and private distribution companies and industrial consumers.   Website: http://www.reliancepower.co.in

Reliance Power IPO News

Reliance Power IPO subscribed 5.4 times at Rs 450/sh
Reliance Power IPO has subscribed 5.4 times. All bids are at Rs 450 per share, a higher end of band Rs 405-450…..(Moneycontrol.com)

Reliance Power IPO fully subscribed January 15, 2008 10:20 IST
Anil Ambani group’s $3-billion Reliance [Get Quote] Power IPO on Tuesday got fully subscribed within minutes of its book building process, which started this morning, investment banking source said.…..(Rediff.Com)

Subscribe to Reliance Power IPO for listing gains: Experts
2008-01-14 21:58:38
Reliance Power is planning to raise around Rs 10,530-11,700 crore from its initial public offering (IPO) of 26 crore equity shares with a face value of Rs 10, for cash, a price decided through 100% book building process. The price band is at Rs 405-450 per share….(Moneycontrol.com)

SAT adjourns hearing on Reliance Power till Jan 21
14 Jan, 2008, 1352 hrs IST, PTI
MUMBAI: Securities Appellate Tribunal on Monday adjourned its hearing till January 21, on complaints against Anil Ambani group’s three-billion dollar Reliance Power IPO, scheduled to hit the market on Monday. ….( Economicstimes.com )

Posted in stocks, Resources, News | No Comments »

Reliance Power IPO subscribed 10 times in just 4 hrs on 1st day

Tuesday, January 15th, 2008

Anil Ambani group’s Reliance Power IPO on Tuesday generated a demand of close to Rs 1 lakh crore (Rs 1 trillion) within four hours of start of the book building process, with the issue getting oversubscribed nearly 10 times.

According to the latest data available, the IPO got subscribed 9.68 times till 1400 hrs in the first day of its public issue.

It received bids for over 220 crore (2.20 billion) shares as against 22.80 crore (228 million) shares on offer. The issue, which began this morning and would continue till January 18, has already generated demand for shares worth Rs 99,373 crore (Rs 993.73 billion). “It is a reflection of world community in the future of India… Investors seem to be confident in the future of Indian economy,” Finance Minister P Chidambaram told PTI on the IPO.

Most of the bids came at Rs 450, the upper end of the price band making it the country’s largest-ever IPO with an estimated proceeds of Rs 11,700 crore (Rs 117 billion), bankers close to the IPO said.

“It has created an unprecedented euphoria in the market, The issue would be a good option for retail investors who are looking for short term gains,” domestic brokerage firm SMC Global’s vice president Rajesh Jain said.

The company is offering the equity shares at a price band of Rs 405-450 per share. The total size of the IPO is of 26 crore (260 million) equity shares, including the promoters contribution of 3.2 crore (32 million) shares. The net issue to the public constitutes 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, the company had said in a statement.

Source 

Posted in stocks | No Comments »

Reliance Power IPO Subscription Date

Tuesday, January 15th, 2008

Tuesday, January 15, 2008. It’s sure everyone’s already started to accumulate funds to invest in the Reliance Power IPO. History stands testimony that such a big issue is definitely bound to give decent returns to retail investors since the retail investor category will not get heavily oversubscribed incase of IPO’s with a huge issue size. Reliance Power IPO is set to be the biggest of them all and here is a chnace for retail investors to make some risk free returns.

Reliance Power IPO will be open for subscription only for 4 days since the IPO closes for subscription on Friday, January 18, 2008. Reliance Power IPO will be fully covered in this blog and details including Reliance Power IPO Subscription details and Reliance Power IPO Allotment status will be posted here as and when they are available.

Posted in stocks | No Comments »