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Track all the latest updates and news of REC IPO.
April 26, 2024 12:25:00 PM
Manappuram Finance, Muthoot Finance and state-run REC are aiming to issue benchmark-sized bonds, which means the issuance will be around $500 million each, the three bankers said ...
Published by : Business StandardApril 15, 2024 9:27:00 AM
Around 35 fund houses held an 8.32% stake in REC as of the December quarter shareholding pattern on BSE. The stock was the best performer on the Nifty PSE index in 2023, gaining a ...
Published by : cnbctv18April 22, 2024 7:57:00 PM
The IPO market is heating up after a long lull. Instacart, Birkenstock, and Arm are among recent debuts.. IPO stocks are significantly riskier than the broad market. After a boom in IPOs during ...
Published by : The Motley FoolApril 18, 2024 9:46:00 PM
Ibotta began its path as a public company on Thursday by opening at $117 per share, a big increase from its IPO price of $88, itself an increase from its proposed range of $76 to $84 per share.
Published by : TechCrunchApril 18, 2024 3:44:00 AM
Ibotta and shareholders sold 6.56 million shares for $88 each, Bloomberg reported, exceeding the company�s estimated IPO price, which was put between $76 and $84. Selling the shares for $88 each ...
Published by : ForbesApril 19, 2024 2:34:00 AM
It just so happens the IPO market perked up just in time for its offering. Ibotta offers cash-back rewards and rebates for purchases at stores that include Walmart, Dollar General and Kroger.
Published by : Wall Street JournalApril 18, 2024 11:49:00 PM
The successful IPO debut of Ibotta has freshly minted more than 150 millionaires, according to CEO Bryan Leach. "By my calculations, I believe there'll be over 150 people who make at least a ...
Published by : Business InsiderApril 15, 2024 4:43:00 PM
For more on the IPO market, we're joined by Nelson Griggs. He's Nasdaq's Co-President. And alongside, our very own executive editor Brian Sozzi. Thank you both for being here this morning. Nelson ...
Published by : Yahoo FinanceApril 23, 2024 1:24:00 PM
That share sale would take place after Fidelidade completes a planned IPO of hospital operator Luz Saude SA, which said earlier this month that it plans to list its shares in the Euronext Lisbon ...
Published by : Bloomberg L.P.April 23, 2024 1:09:00 PM
London, which was Europe's most popular listing venue in the boom of 2021, has attracted only 2% of all European IPO volumes since January, with Zurich and Frankfurt the busiest venues ...
Published by : ReutersApril 24, 2024 2:08:00 AM
The IPO is a combination of a fresh issue of equity shares worth up to Rs 300 crore and an offer for sale (OFS) of up to 84.21 lakh equity shares by promoters and an existing shareholder. Weak ...
Published by : Zee BusinessRural Electrification Corporation Ltd IPO Listing Info:
IPO Listing Date: Wednesday, March 12, 2008
NSE Symbol: RECLTD
ISIN: INE020B01018
Issue Price: Rs 105/-
Face Value: Rs 10/- Per Equity Share
IPO Allotment Status is now available online for Rural Electrification Corporation Limited (REC) IPO.
Rural Electrification Corporation Limited IPO was open on February 19, 2008 and closed on February 22, 2008. IPO was oversubscribed by 27.76 times (7.6789 times in retail).
Rural Electrification Corporation Limited (REC) IPO oversubscribed by 27.76 times. Non Institutional category oversubscribed around 27.1192 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 39.3047 times.
Retail Individual Investors (RIIs) category oversubscribed 7.6789 times and Employees category oversubscribed 0.9411 times.
Rural Electrification Corporation Ltd IPO - Final bid details (information from NSE Website)
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 91330200 | 3589707840 | 39.3047 |
| 1(a) | Foreign Institutional Investors (FIIs) | 2019127260 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 897848460 | ||
| 1(c) | Mutual Funds | 672732120 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 15221700 | 412800360 | 27.1192 |
| 2(a) | Corporates | 220888020 | ||
| 2(b) | Individuals (Other than RIIs) | 121253880 | ||
| 2(c) | Others | 70658460 | ||
| 3 | Retail Individual Investors (RIIs) | 45665100 | 350656620 | 7.6789 |
| 3(a) | Cut Off | 331684800 | ||
| 3(b) | Price Bids | 18971820 | ||
| 4 | Employee Reservation | 3903000 | 3672960 | 0.9411 |
| 4(a) | Cut Off | 17460 | ||
| 4(b) | Price Bids | 3655500 |
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.
Rural Electrification Corporation Limited (REC) is entering in the capital markets with an initial public offering, IPO of 156,120,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 90/- at lower level and Rs. 105/- at upper level for equity share of Rs. 10/-. The issue opens on Feb 19, 2008, and closes for subscription on Feb 22, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The REC IPO is proposed to open on February 19, 2008. The IPO application ends on February 22, 2008.
Retail investors can apply in the retail or non-institutional investor category from February 19, 2008 to February 22, 2008. The REC IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The REC IPO will open for subscription on February 19, 2008. The public issue will close on February 22, 2008.
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