Reliance Power IPO opening on Jan 15th 2008

Issue Details
Reliance Power to issue 26 crore equity shares of Rs 10 each

Issue Contribution :

• Promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters.
• The balance 22.8 crore equity shares would constitute the net issue to the public.
• The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.

Issue Price :
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.
For Retailers we can apply at 430 rs ,which is approximately less by 5% of the
issue price.so we get at discounted rate by 20 rs.

Payment Option :
Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.

Issue Date :
The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.

Prediction : YOU WILL GET GOOD BENEFIT IN LONG TERM.