Issue opens on: January 15, 2008
Issue closes on: January 18, 2008
Price Band: Rs. 405 to Rs. 450 per equity share.
Issue
Size: 130 crore equity shares of Rs.10 each, by 100% book built issue.
This size is 11.5% of the total equity of 1,130 crore equity shares.
Promoters'
Contribution: 16 crore equity shares of Rs.2 each to be subscribed by
the Promoters at the same price as being offered to the public.
Reliance Energy Ltd. (RIL) and AAA Projects Ventures Pvt. Ltd. (AAA)
being the joint promoters would be subscribing 8 crore equity shares of
Rs.2, each.
20 Replies
CA Paresh Kothari
(Service)
(233 Points)
Replied 07 January 2008
thx for the information.
There are very few people who make use of this information while applying to IPO.
CA. Amit Daga
(Finance Controller CA. CS. CFA. CIFRS. M.COM. )
(9017 Points)
Replied 07 January 2008
Because this is reliance and every body know they are not going to loose
CA Manikandan.A.V
(FINANCE & ACCOUNTS)
(789 Points)
Replied 10 January 2008
I am very happy togive you a bulk of details about the Rel Power IPO
IPO Statistics
Issue Open On 15th January 2008
Issue Close On 18th January 2008
Price Band Rs 405-450 Per Share
Face Value Rs 10 Per Share
Bid Lot 15 Equity Shares
Issue Size 260,000,000 Shares
Retail Size 68,400,000 Shares
Pre Issue Eq Capital Rs 20,000 Million
Post Issue Eq Capital Rs 22,600 Million
Shareholding Pattern (%)
Pre Issue Post Issue
Promoter & Group 100.00 90.00
Public ---- 10.00
Other Specifics
Lead Manager Kotak Mahindra Capital Company Ltd, Enam Securities Pvt Ltd
Registrar Karvy Computershare Pvt Ltd
Business Profile
Reliance Power Limited (RPower), originally incorporated as Bawana Power Private Limited, is part of the Reliance Anil Dhirubhai Ambani Group and is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW. The identified project sites are located in western India (12,220 MW), northern India (9,080 MW), northeastern India (2,900 MW) and southern India (4,000 MW). The projects include seven coal-fired projects (14,620 MW) to be fueled by reserves from captive mines and supplies from India and abroad, two gas-fired projects (10,280 MW) to be fueled primarily by reserves from the Krishna Godavari Basin (the ¡§KG Basin¡¨) off the east coast of India, and four hydroelectric projects (3,300 MW), three of them in Arunachal Pradesh and one in Uttarakhand. Company intends 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. In addition to the 28,200 MW of power projects, company intends to develop additional power projects to help meet the huge demand in this sector. Company is considering the development of CBM (Coal Bed Methane) power generation projects based on fuel from CBM blocks being explored by a consortium that includes company¡¦s affiliates. Company also intends to invest in overseas opportunities that are a strategic fit with company¡¦s business. Company intends to explore the possibility of registering certain of its projects with the Clean Development Mechanism executive board for the issuance of carbon emission reduction certificates that company may sell. The company has subsidiaries viz SPL, CAPL, MPPGL, RPSCL, MEGL, VIPL, USHPPL, THPPL, SHPPL and KPPL. Projects of an aggregate generation capacity of 24,600 MW were bid and secured by the Company in its own name. Of this Dadri Project of 7,480 MW is being developed by the Company and the Projects of 17,120 MW are being developed through subsidiaries.
Investment Rationale
ć The Ministry of Power has set a goal/Mission 2012: Power for All. According to estimate, the total energy requirement in India will increase to 968,659 GWh by fiscal year 2012, 1,392,066 GWh by fiscal year 2017 and to 1,914,508 GWh by fiscal year 2022. This would lead to an annual Electric Peak load of 152,746 MW in fiscal year 2012, 218,209 MW in fiscal year 2017 and 298,253 MW in fiscal year 2022. The northern region is expected to contribute 30.1% and the western region is expected to contribute 28.4% of the overall annual Electric Peak load in fiscal year 2022. The Government has estimated the total investment potential of the sector at Rs. 9,000 billion for a specified period up to fiscal year 2011. This represents a significant opportunity for capacity expansion and growth for company.
ƒá Company has located the majority of its projects in the northern, western and north-eastern regions of India to cater to the significant unmet demand in the northern and western regions of India. As the peak demand for the fiscal year ended March 31, 2007 was 104,867 MW and CEA expects it to grow to 152,746 MW and 218,209 MW by the fiscal years ending March 31, 2012 and March 31, 2017, respectively, hence company¡¦s projects are well positioned to serve expected demand. In addition, company has planned for each project to be situated either close to its fuel source or to the load center.
Enjoy and happy investing
Manikandan.A.V
kishor gore
(chartered accountant)
(30 Points)
Replied 11 January 2008
what will be mimum amount so that chances of getting allotment will be more
SUSHAMA
(TAX CONSULTANT)
(162 Points)
Replied 13 January 2008
if u invest max. limit of 225 shares then only there r chances.but it is aferall a lottery/luck
CA Manikandan.A.V
(FINANCE & ACCOUNTS)
(789 Points)
Replied 14 January 2008
Reliance Power IPO Part Payment Good Option or not? Advice on this topic. Please share with the details? I am a beginner to the market and would like to start with a minimum amount of Rs. 7000/- only.
MOHAN G
(CS Final)
(629 Points)
Replied 19 January 2008
RELIANCE POWER HAS MADE HISTORY OF 72 TIMES OVERSUBSCRIBES
THANKS
student
(WORKING)
(757 Points)
Replied 23 January 2008
after fall of sens*x by approx 800 pts on 22/1. what ur opinion on it's listing
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