Reliance Power to list on Feb. 11

New Delhi (PTI): Anil Ambani Group firm Reliance Power, which had raised Rs 11,560 crores in the largest IPO on the Indian capital market, will list on the bourses on February 11.

The company, with about 42 lakh shareholders, would list its shares on the Bombay Stock Exchange and National Stock Exchange on February 11, it said in a statement.
Reliance Power has already credited its shares to the demat accounts of successful allotees in the IPO, it said.

The company had carried out the allotment and refund exercise within 10 working days after the closure of the IPO.

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Reliance Power IPO Allotment Status.

Reliance Power, part of the Reliance Anil Dhirubhai Ambani group which recently completed its Initial Public Offering (IPO) has completed the allotment of shares to successful investors, as per the basis of allotment approved by the Stock Exchange.

30% of the Net Issue reserved for Retail investors was oversubscribed 13.6 times. Retail investors have been issued shares at a discount of Rs. 20 i.e. at Rs. 430 per Share. Over 41.7 lakh successful bidders in the retail category will get approximately 16 shares each while approximately 4.5 lakh retail investors who bid for less than 225 shares would not get any shares according to the allocation as approved.

The excess application money of approximately Rs one lakh crore received from the investors is being refunded to the investors.

Check Your Reliance Power Ipo Allotment Status