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January 14, 2008

Reliance Power Limited IPO

Reliance Power Limited IPO (RELPOWER)
Period15 to 18 Jan 2008
Size (Equity Shares)228,000,000
Type100% Book Building
Face ValueRs. 10-
Price RangeRs 405 to Rs 450 (Rs 20 discount to Retail investors)
Market Lot15 Shares
Max shares Retails investor can apply at cut off225 (Considering Rs 20 discount to retail investors – Prospectus clearly say that max bid can be for 225 shares for retail investors)
RegistrarKarvy Computershare Private Limited
Lead ManagerKotak Mahindra Capital Company Limited, UBS Securities India Private Limited, ABN AMRO Securities (India) Private Limited, Deutsche Equities India Private Limited, Enam Securities Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and J P Morgan India Private Limited
ListingBSE and NSE
GradingCRISIL Limited - GRADE 4/5, indicating that the fundamentals of the issue are above average and ICRA Limited - Grade 4, indicating above average fundamentals.
RELPOWER are a company that is part of the Reliance ADA group and were established to develop, construct and operate power projects domestically and internationally. To capitalize on this opportunity, RELPOWER are currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW, one of the largest portfolios of power generation assets under development in India. The Reliance ADA group intends Reliance Power to be its primary vehicle for investments in the power generation sector in the future. RELPOWER's 13 power projects are planned to be diverse in geographic location, fuel type, fuel source and off-take, and each project is planned to be strategically located near an available fuel supply or load center. 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). They 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. RELPOWER intend 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.
The objects of the Issue are to Funding Subsidiaries to part-finance the construction and development costs of certain of our projects; General corporate purpose and Achieve benefits from listing of the Equity Shares

Payment Method

Amt payable per equity sharePayment Method – 1Payment Method -2
Retail and Non-InstitutionalAny Category
On Application115 (Share is partly paid with FV 2.5Full amt
On AllotmentRemaining AmtNA
Non-Residents require the approval of RBI for subscribing to partly paid up Equity Shares and copy of such approval should be submitted along with the Bid-cum-Application Form.

It is needless to say that everyone needs to apply aggressively in this issue.


Ishaan Sarkar said...


I have a ICICI Demat account but have forgotten IPIN password of the same. Is it possible to book the Reliance IPO in some other way. I do not want to miss it.

prakashak said...

@Ishaan - Though it is very convenient to apply online as you do not need to fill all those forms etc.
You can try to recover the pin or request for PIN as you may be able to get before the last date.
In worst case you can certainly go for physical form however I hope you have your DMAT account number details.

manju sharda said...




[Text removed to avoid viewed by everyone]


prakashak said...

@Manju - We are sorry that we will not be able to do much regarding your query as we are not affiliated to Karvy or Reliance power.

We suggest you send a mail to the registrar Karvy direcly. There email is

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