Reliance Power IPO Listing

Reliance Power IPO is likely to list in February 2008, Anil Ambani Chairman and CEO of Reliance ADAG said at a press conference today. Reliance power IPO received more than 100 billion USD bids from FII's and it turned out to be the largest IPO in the power sector across ASIA.

Reliance Power RPEL issue price is fixed at the upper limit of Rs 450 per share and retail investors will receive a 20 Rs discount over the same. IPO is expected to have 50 lakh investors from the retain front and it will list early feb according to Anil Ambani. He also indicated the reliance power does not have equity dilution plans at this time.