Rural Electrification Corporation Ltd. IPO (REC IPO) Detail

Feb 19, 2008 - Feb 22, 2008

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 currently administer grants and provide loans as the nodal agency for the RGGVY, which is primarily aimed at the electrification of all villages in India. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.

The GoI has rated their performance as “Excellent” continuously from Fiscal 1994 through Fiscal 2006. They have also been ranked among the top ten public sector undertakings in India by the Ministry of Heavy Industries and Public Enterprises for Fiscal 2000, Fiscal 2002 and Fiscal 2005.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
1. Primarily loan and investment portfolio;
2. Meet the future capital requirements;
3. Meet general corporate purposes;
4. Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.

REC IPO Details

Issue Open	Feb 19, 2008 - Feb 22, 2008
Issue Type	Book Built Issue IPO
Issue Size	156,120,000 Eq Shares of Rs 10 (aggregating up to Rs 1,639.26 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 90 - Rs 105 Per Equity Share
Market Lot	60 Shares
Min Order Quantity	60 Shares
Listing At	BSE, NSE

REC IPO Subscription Status (Bidding Detail)

REC IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Others	Total
Shares Offered	-	-	-	-	-	-
Feb 22, 2008 17:00	39.30x	27.12x	7.68x	0.94x		27.76x

REC IPO Prospectus

REC IPO Rating

1065

4.1

Rating:

Vote Here ...

REC IPO Listing Date

Listing Date	Wednesday, March 12, 2008
BSE Script Code	532955
NSE Symbol	RECLTD
Listing In	B
ISIN	INE020B01018
Issue Price	Rs 105 Per Equity Share
Face Value	Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

BSE
Rs 105.00
Rs 125.00
Rs 118.85
Rs 128.40
Rs 121.20
67,521,693

NSE
Rs 105.00
Rs 129.90
Rs 118.75
Rs 129.90
Rs 121.30
111,680,940

REC IPO Reviews / Ratings

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BusinessLine - Invest at cut-off.
Smart Investment - 48%(Attractive).
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Hem Securities - Apply.
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Company Contact Information

Rural Electrification Corporation Ltd.
Core 4, SCOPE Complex, 7,
Lodhi Road,
New Delhi 110 003,, India

Phone: + 91-11-2436 5161
Email: ipo@recl.nic.in
Website: http://www.recindia.nic.in

REC IPO Registrar

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: rec.ipo@karvy.com
Website: https://karisma.karvy.com/

REC IPO Lead Manager(s)

Lead Manager Reports

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Find REC IPO Latest Update

Useful Articles

REC IPO Review / Comments

1321. Rajasthan Royals May 19, 2008 17:09

Very Bore Share...

Can Any body have an idea abt any short term target of REC.

1320. Rajasthan royals May 19, 2008 14:50

Very Bore Share...

Can Any body have an idea abt any short term target of REC.

1319. babu Apr 14, 2008 15:47

rec will cross Rs.200 mark in this month so keep investing and buying

1318. Shakunthala Apr 9, 2008 17:42

Dear Sir/madam,

I have applied for the IPO of REC Ltd on 20-2-2008 by my mothr's name SHAKUNTHALA FOR ONE HUNDRED AND TWENTY (120) SHARES at cut-off price of Rs 12,600 (Rupess Twelve thousand six hundred only).

I have not been alloted shares and I did not receive my refund amount till now. Can I please know what is the status of my application and send my refund amount to the address mentioned in the application as soon as possible.

Following are the details of my application.

Name Shakunthala
Total no. of shares applied for 120
Total amount paid with application Rs. 12600.00
The cheque drawn on The Hotel Industrialist Co-op Bank Ltd. Bangalore.

1317. R.S.Dhiman Apr 8, 2008 10:43

When will I get refund in respect of my application no 41115616

1316. R.S. Dhiman Apr 8, 2008 10:27

I was alloted 81 shares of REC vide CAN No206537 against application no.41115616 but the amount of Rs54495 has not been refunded to me so far. Please credit the amount yo my account no 712 in Andhra Bank immediately with interest due.

REC

1315. sanjeev goenka Apr 4, 2008 14:50

what is the one yr target of REC i have 81 shares allotted in IPO

1314. TR Apr 3, 2008 13:25

LOOKING AT CHARTS THIS STOCK IS ROCK SOLID THIS STOCK CWILL GO ABOVE 200 WHEN MARKET GOES UP AND STABILISE

1313. Smart Investor Apr 2, 2008 23:55

Six months Target is Rs.120/-.
(A profit of around 12% : Is the target frustating you???)

Just Kidding...........
If it is so easy to predict the target it will not lie at 100/-.

Just Hang on ........
You will not incur loss for sure ........

Happy Investing ..........

1312. ak Apr 2, 2008 14:21

it is still fluctuating on 100 to 106. Can any body predict for 6 months target.

1311. saifuddin zeenwala Apr 1, 2008 19:27

hi

i have not recieved refund of rural Electrification yet.

can any one plz help me how can i apply for refund

1310. malleswari g Mar 31, 2008 15:53

till now i did not received the payment.
i enquired with postal department, there is no pending letters
available in his desk for despatching.

kindly look the matter and make the arrangements for return the application money as early as possible other wise iam going make a compliant with SEBI

regds
Malleswari.g

Ref: vij/STAT/REC/5731/422026 Dt.: 20/03/2008

Dear Investor,

Unit : RURAL ELECTRIFICATION CORP. LTD
Application No: 51478652
Name : MALLESWARI G

We thank you for your e-mail with respect to your application made in the subject IPO. We have perused the record and regret to inform that your application was not successful in getting allotment of shares. A Refund Order for Rs.12600/- bearing No.196382 has been sent to you by registered post on 06-03-2008to the address available in your beneficiary account and we expect the same to be delivered during the course of next 2 to 3 days.

Please revert to us in case you need any clarification.

Kindly ensure to quote the application number in all future correspondence.

Regards,
Customer Care
Karvy Computershare Pvt Ltd

till now i did not received the payment.
i enquired with postal department, there is no pending letters available in his desk for despatching.

kindly look the matter and make the arrangements for return the application money as early as possible

regds
Malleswari.g

1309. Govind Mar 31, 2008 14:55

Hi,

I applied for 600 shares of REC recd. No shares have been alloted and no refund till today. I check my bank a/c twice daily and waiting for the refund eagerly.

My appln no. was 42926176.

1308. Harish Arora Mar 27, 2008 17:13

Dear ,
My application number of rec allotment is 13733606.
our refund amt of rs 43575/- is not credit in our demat bank a/c.pls send demand draft for the same befor 30th march2008.
Rrgards

1307. basudeb Mar 25, 2008 00:22

I applied for 600 shares of REC recd. 121 shares but yet to get any refund in ECS form.I check my bank a/c twice daily and waiting for the refund eagerly.It was one of the biggest mistake in applying for an IPO and i wont do that in future.

My appln no. was 71644087 through icici direct.

1306. mmm Mar 24, 2008 20:46

Targets r totally wrong. Nobody knows what will be tomorrow of stocks then how can we predict its future. And whatever shareking says is absolutely wrong. Even Finance Ministry does't know what is future of Indian Economy. Our economy is totally dependent on Foreing Mkts which is the worst

1305. naveen gaur unicon Mar 24, 2008 11:42

wht is future of REC?

1304. shareking Mar 21, 2008 11:26

3 months target 185

1303. Ashish Chandra Mar 20, 2008 15:38

This message is for all the people who invested in REC IPO and did not receive their refund, please do check into your bank accounts because these Karvy people have send all the refund by ECS ie Electronic Clearing System. So please do have a look in your bank accounts.
Bye

1302. kanchan Mar 20, 2008 15:18

Dear Sir,

I have applied in Rural Eleectrification Corporation ltd (REC) IPO and till date i have not recieved the refund order/Direct Credit in my bank account. Inspite of my repeated mails, i have not recieved any reply/refund from your side. Request you to please help me in getting refund/direct credit my account of the refund money along with the delayed interest at the earliest.

The details of the application are:

Aplication no 52992913
APPLIED FOR : 60 SHARE

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