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February 8, 2008

Rural Electrification Corporation

Rural Electrification Corporation (REC)


19-Feb to 22-Feb 2008

Size (Equity Shares)



100% Book Building

Face Value 

Rs. 10- 

Price Range 

Rs 90 to Rs 105

Market Lot 


Max shares Retails investor can apply at cut off



Karvy Computershare Private Ltd

Registrar's email

Lead Manager 

IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd





About the company 

Estd: July 25, 1969. Wholly owned Government of India Public Sector Enterprise with a net worth of Rs. 3779 Crore. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.

Objects of the Issue

Primarily loan and investment portfolio;

Meet the future capital requirements

Meet general corporate purposes;

Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges


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