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Rural Electrification Corporation Ltd FPO (REC FPO) Detail

February 19, 2010 - February 23, 2010

REC FPO is a book built issue of Rs 3,530.04 crores.

REC FPO bidding started from February 19, 2010 and ended on February 23, 2010. The shares got listed on BSE, NSE on March 8, 2010.

REC FPO price band is set at ₹203 to ₹ per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is .

Bofa Securities India Limited, ICICI Securities Limited, Jm Financial Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the REC FPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to REC FPO RHP for detailed information.

REC FPO Details

IPO Date February 19, 2010 to February 23, 2010
Listing Date March 8, 2010
Face Value ₹10 per share
Price Band ₹203 to ₹ per share
Lot Size 30 Shares
Total Issue Size171,732,000 shares
(aggregating up to ₹3,530.04 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE

REC FPO Reservation

REC FPO offers 171,732,000 shares. 85,691,000 (49.90%) to QIB, 25,707,300 (14.97%) to NII, 59,983,700 (34.93%) to RII, 350,000 (0.20%) to employees. 1,999,456 RIIs will receive minimum 30 shares and (sNII) and (bNII) will receive minimum 0 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered85,691,000 (49.90%)NA
NII (HNI) Shares Offered25,707,300 (14.97%)
Retail Shares Offered59,983,700 (34.93%)1,999,456
Employee Shares Offered350,000 (0.20%)NA
Total Shares Offered171,732,000 (100%)

About Rural Electrification Corporation Ltd

Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.

REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.

REC have contributed to the development of rural India and India's agriculture through our funding of transmission and distribution projects in rural areas. For Fiscal 2009, more than half of their loan sanctions related to generation projects and generation-related loan assets currently comprise more than a third of their total loan assets. In September 2009, their mandate was further extended to include financing other activities with linkages to power projects, such as coal and other mining activities, fuel supply arrangements for the power sector and other power-related infrastructure.

As of September 30, 2009, they are one of only 18 India public sector undertakings to be granted �Navratna� status by the Department of Public Enterprise by virtue of our operational efficiency and financial strength. The GoI has rated their performance as �Excellent� continuously since Fiscal 1994.

The current offering (FPO) shall constitute 17.39% of the fully diluted Post Issue capital of the company and the Net Issue shall constitute 17.36% of the fully diluted Post Issue capital of the company. The government holding will be reduced to 66.80% post issue.

Company Financials

ParticularsFor the year/period ended (Rs. in Million)
Total Income35,410.8149,233.0621,980.1031,367.14
Profit After Tax (PAT)9,655.87 13,780.146,136.219,290.57

Objects of the Issue (REC FPO Objectives)

Rec intends to utilise the funds being raised through the fresh issue to augment capital base to meet future capital requirements.

REC FPO Subscription Status (Bidding Detail)

The REC FPO is subscribed 3.14 times on February 23, 2010 5:00:00 PM. The public issue subscribed 0.23 times in the retail category, 5.52 times in the QIB category, and 2.05 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

REC FPO Prospectus

REC FPO Rating

Rating:Rated 4.1 stars
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REC FPO Listing Details

Listing Date March 8, 2010
BSE Script Code 532955
ISIN INE020B01018
Final Issue Price ₹203 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Rural Electrification Corporation Ltd Contact Details

Rural Electrification Corporation Ltd
Core 4, SCOPE Complex,
7, Lodhi Road,
New Delhi 110 003, India
Phone: +91 11 2436 5161

REC FPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000


REC FPO is a main-board FPO of 171,732,000 equity shares of the face value of ₹10 aggregating up to ₹3,530.04 Crores. The issue is priced at ₹203 to ₹ per share. The minimum order quantity is 30 Shares.

The FPO opens on February 19, 2010, and closes on February 23, 2010.

Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The REC FPO opens on February 19, 2010 and closes on February 23, 2010.

REC FPO lot size is 30 Shares, and the minimum amount required is .

You can apply in REC FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for REC FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the REC FPO allotment status.

The REC FPO listing date is on March 8, 2010.
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REC FPO Message Board

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174. raj |   Link |  Bookmark |March 23, 2010 4:02:51 PM
173. vish |   Link |  Bookmark |March 18, 2010 1:45:11 PM
@ RAvi Kumar , how do u know its alloted? did u check the allotment status on the registrar site? If so, also chk if other details are correct such as demant account number.. This stock has been alloted some 15 days before.. so if all the things are correct, it should ve been in ur account from day 1.
172. RAvi Kumar |   Link |  Bookmark |March 16, 2010 9:56:35 PM
I got 60 shares allotted, but still i am not able to see the shares in my account. It is not credited yet. What may be the reason ?
171. rajesh deshmukh |   Link |  Bookmark |March 15, 2010 11:33:17 AM
when alloted the fpo share of rec ltd ,plz tell me immegetly

170. aymin |   Link |  Bookmark |March 10, 2010 5:00:49 PM
@ NG

what do u think for the allotment of DQ

I made two full application to it
and one f\half

could i got one lot in each

what about GMP?


what about ILFS and Pradeep
i think should ne invest for full application

169. Ng |   Link |  Bookmark |March 10, 2010 8:38:31 AM

As per my opinion you have to hold the stock for 10-12 days for good profit. It will go to the level of 250-260 in short term.

Stop Loss at 229
168. jaymin |   Link |  Bookmark |March 10, 2010 8:24:00 AM
what will be the target of rec in one month
can i hold it to get good return
i have 800 shares of it

167. Akshat Shah |   Link |  Bookmark |March 8, 2010 11:14:11 PM
but now i just seen that my proble now solved.credited shares in my d mat.
166. Akshat Shah |   Link |  Bookmark |March 8, 2010 11:03:47 PM
i have also same problem,on karvy it seen that share r allote d 2 me but not credited my d mat a/c.
165. chethan |   Link |  Bookmark |March 8, 2010 7:47:54 PM
I've got sms saying shares are allotted but still not reflected in my demat account

i've account in idbi paisabuilder
164. jaymin |   Link |  Bookmark |March 8, 2010 4:32:11 PM
made mistake
sell rec at 233 200 shares

still i have 800 shares

please give me at what price i have to sell it

it will give me good margin in next one or two months because more than that i cant weight

163. Ramesh |   Link |  Bookmark |March 8, 2010 2:01:07 PM
REC is a very good STOCK, will reach 300+ in a month or two if the market remain stable.
162. Sanjay Kumar Aggarwal |   Link |  Bookmark |March 8, 2010 1:24:36 PM
Sold 480@232 and 480 @ 232.70.
161. Buffet |   Link |  Bookmark |March 8, 2010 11:43:21 AM
@163...congrats on ur sale...but tell me the logic behind making 26K on 480 shares? should be more of 15-16 K.. hope ur not gassing
160. Sanjay Kumar Aggarwal |   Link |  Bookmark |March 8, 2010 8:48:19 AM
Lottery lag gayi. Sold 480@232 and 480@232.70. Total Profit 26000+. Wah re REC.
159. Saharanpuri |   Link |  Bookmark |March 8, 2010 12:02:35 AM
REC is bluest of blue chip.its a hardcore portfolio stock to be preserved for coming generation.growth is assured for long time thanks to burgeoning power demand .eps is fairly attractive n the company is moving into next orbit from this week itself as nearly 2800 crore rs is coming back to the company leading to increased topline n bottomline.


158. Ng |   Link |  Bookmark |March 7, 2010 9:29:51 PM
If u want to minimize your risk. Than sell your stock as per this :-
200 at 240
200 at 250
200 at 260
200 at 280
200 can be hold for Long Term gain
Stop Loss - 229
157. Ng |   Link |  Bookmark |March 7, 2010 9:26:26 PM
As per my judgment you don't have to sell REC below 260.
It will reach there with in 1o to 15 days. Don't sell your stock tomorrow. FIIs having huge investment in this stock 7 they are investing for long term and good margins. this stock will move sharply after 3-4 days. When retail invester will be out. Wait for good gain.
Disclosure :- I have 480 shares from FPO

156. jaymin |   Link |  Bookmark |March 7, 2010 9:17:24 PM
rec me kal kya karna chaiye?
i have 1000 shares
i think to sell 500 share at about 235 to240
am i right?
guide me
155. C V S Gopalan |   Link |  Bookmark |March 7, 2010 2:26:23 PM
How many REC Shares Allotted for Applications 9274486 and 9274487