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REC FPO Subscription Details (Live Status)

REC FPO Details

IPO Open Feb 19, 2010
IPO Close Feb 23, 2010
IPO Price ₹203
Face Value ₹10
IPO Size ₹3,530.04 Cr
Listing At BSE, NSE
Lot Size 30
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REC FPO Subscription Status Live

REC FPO subscribed 3.14 times. The public issue subscribed 0.23 times in the retail category, 5.52 times in QIB, and 2.05 times in the NII category by Feb 23, 2010.

Investor CategorySubscription (times)
Qualified Institutions5.52
Non-Institutional Buyers2.05
Retail Investors0.23
Employees0.85
Others[.]
Total3.14

REC FPO Subscription Details (times)

DateQIBNIIRetailEMPTotal
Day 1
Feb 19, 2010
0.520.190.010.010.29
Day 2
Feb 22, 2010
1.090.230.030.320.59
Day 3
Feb 23, 2010
5.522.050.230.853.14

REC FPO Shares Offered

REC FPO is a public issue of 171,732,000 equity shares. The issue offers 59,983,700 shares to retail investors, 85,691,000 shares to qualified institutional buyers, and 25,707,300 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)
QIB85,691,0001,739.5349.90%
NII25,707,300521.8614.97%
Retail59,983,7001,217.6734.93%
Employee350,0007.110.20%
Total171,732,0003,486.16100%

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

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REC FPO Subscription FAQs

The REC FPO is subscribed 3.14 by Feb 23, 2010.

REC FPO Subscription

Investor CategorySubscription (times)
Qualified Institutional5.52
Non Institutional2.05
Retail Individual0.23
Employee Reservations0.85
Others[.]
Total Subscription3.14

Retail category of REC FPO subscribed 0.23 times as of date Feb 23, 2010. The public issue closes on Feb 23, 2010 for bidding.

An investor can apply in REC FPO online via bank (using ASBA) or the broker (using UPI). The REC FPO shares are offered online only.

The REC FPO is subscribed 3.14 by Feb 23, 2010.

The REC FPO allotment status is expected on or around . Visit REC FPO allotment status to check.

The REC FPO listing date is Monday, March 8, 2010. The equity share of Rural Electrification Corporation Ltd will list on BSE, NSE.

Visit REC FPO subscription status page for real-time bidding information about REC FPO.

REC FPO Timetable

IPO Opens OnFeb 19, 2010
IPO Closes OnFeb 23, 2010
Finalisation of Basis of Allotment
Initiation of Refunds
Credit of Shares to Demat Account
IPO Listing Date