Rupee seen up on Reliance Power IPO flows

MUMBAI: The rupee could gain on Tuesday as foreigners are expected to be keen bidders in Reliance Power's $3 billion IPO, the country's biggest ever, but traders expect the central bank to intervene on any sharp gains.

The partially convertible rupee ended at 39.28/29 per dollar on Monday, little changed from Friday's close of 39.28/285 and not far from a decade-high of 39.16 hit in November.

Economictimes

Dabbawalas to market Reliance Power IPO

MUMBAI: Reliance Money, the financial services and products distribution company of Reliance Anil Dhirubhai Ambani Group, has latched on to a marketing innovation. The firm has roped in the Six Sigma perfected dabbawalas to get an edge in their run-up to the Reliance Power IPO, among a host of other tradeable financial services.

The dabba which arrives on the dot at most office desks with home-cooked food, will have other steaming offers in a bulging paper envelope. Apart from the full bouquet of mutual funds, insurance products and money transfer services, Reliance Money expects to push demat accounts, and IPO application forms through this channel, beginning with the Reliance Power application forms.

The dabbawalas will not only carry Reliance Money’s messages across the city, they will even pick up requests and completed forms from customers back to the company.

Economictimes

Reliance Power IPO subscribed 20.84 times

MUMBAI: The response to the initial public offer of Reliance Power improved slightly on the third day of the issue from the day earlier.

Till 4:00 pm Thursday, the issue was subscribed 20.84 times, according to data available on the National Stock Exchange site.

Against the public offer of 22.80 crore shares, the company has received 475.25 crore bids. Around 41.72 crore bids were at cut off price.

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http://economictimes.indiatimes.com/Reliance_Power_IPO_subscribed_2084_times/articleshow/2708233.cms

Repl Ipo Attracts $3 Billion In A Minute

When Anil Ambani got out of his Cuffe Parade home at 4.45am on Tuesday, there was nothing in his demeanour to indicate the day ahead would be an extraordinary one. A few hours from now, Reliance Power, a company promoted by him, would attempt to mop Rs 11,700 crore from the capital market. Not surprisingly, the sound and fury that accompanied India's largest initial public offering in the days leading to January 15 was intense.

But at 5.15am, half an hour after he was on the road, the IPO wasn't on his mind. Ambani had a feeling he was falling back on his training for the Mumbai marathon scheduled for January 20. A couple of kilometres down the line, he stopped by the Babulnath temple for a "30-second prayer". Eighteen kilometres into the run, he reckoned his timing was okay, smiled, and stopped running. He'd do fine at the marathon, he reckoned. A little later, he went to seek mother Kokilaben's blessings, and was at work in his Ballard Estate office by 9am.

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http://timesofindia.indiatimes.com/Business/India_Business/REPL_IPO_attracts_3bn_in_a_min/articleshow/2703405.cms