Reliance Power Limited (REPL), a Reliance Anil Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects. The Reliance ADA group is one of the biggest business group in India involve in business like telecommunications (Reliance Communications), financial services (Reliance Capital), media and entertainment (Adlabs Films), infrastructure, energy (Reliance Energy REL, Reliance natural resources RNRL, Reliance Energy Transmission and Reliance Energy Trading) and other sectors.
Reliance Power Limited is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW across various geographic locations in India. First project of Reliance Power is expected to go onstream in 2009. Company 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.
CRISIL IPO Grade:
Reliance Power Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average, in relation to other listed equity securities in India and by ICRA Limited as ICRA IPO Grade 4, indicating above average fundamentals.
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to
1. Fund subsidiaries to part-finance the construction and development costs of certain of 12 power generation projects currently under various stages of development;
2. General corporate purposes;
3. Achieve the benefits of listing on the Stock Exchanges.
»» Issue Open: Jan 15, 2008 - Jan 18, 2008
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 260,000,000 Equity Shares of Rs. 10
»» Issue Size: Rs. 11,563.20 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Issue Price: Rs. 405 - Rs. 450 Per Equity Share
»» Market Lot: 15 Shares
»» Minimum Order Quantity: 15 Shares
»» Listing At: BSE, NSE
Date: Friday April 25, 2008
Reliance Power limited (REPL) has announced the long-awaiting record date for its bonus shares. Company will issue 3 bonus shares for every 5 shares hold by investors at the end of day June 02, 2008. The company's books will remain closed between June 3 and 5 for this purpose.
Important information about this Reliance Power limited (REPL) bonus shares are:
Date: Sunday February 24, 2008
Reliance Power Ltd declared 3 bonus shares for every 5 shares held.
The bonus issue will bring the cost of per Reliance Power ltd share for retail investors to Rs 269 (earlier Rs 430) and for others to Rs 281 (earlier Rs 450).
The expected ex-bonus share price would be around Rs 300, if the market situation remains same as current market.
``I have been personally concerned by the notional losses arising to millions of our investors as a result of a dramatic adverse change in sentiment in global and domestic capital market after the pricing of our IPO,'' Ambani said. ``The board endorsed my concern and approved the bonus issue.''
Company needs approval from its shareholders before sending the bonus issue detail to stock exchanges to fix record date.
Once record date has been declared, all the investors holding shares on that date, would be entitled to receive bonus shares.
Date: Sunday February 17, 2008
After an unexpected poor performance on listing of Reliance Power, Anil Ambani finally decided to come out with bonus shares.
To remain in the race and do not loose investors trust in ADA group, company today announce to offer free bonus shares for Reliance Power investors (non promoter). Final decision will be taken in company's board meeting on Sunday February 24, 2008. The board will also consider few other options to being the share value up.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Total|
|Shares Offered / Reserved|
|Day 1 - Jan 15, 2008 17:00 IST||16.2115||7.0231||0.8218||10.6800|
|Day 2 - Jan 16, 2008 17:00 IST||20.6947||6.9704||4.4065||14.4400|
|Day 3 - Jan 17, 2008 17:00 IST||30.6897||32.4070||9.0232||24.3600|
|Day 4 - Jan 18, 2008 17:00 IST||82.6190||190.0231||14.8716||73.0400|
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