Tuesday, February 5, 2008
Reliance Power Allotment and Refund Details
The R Power allotment has been made, the allotment details can be seen from 203.199.177.158/ipo/
The company had started to refund the balance amount to the investors.
Wednesday, January 30, 2008
Reliance Power Share Allotment
It is expected that the allotment will be finalised on 31st.
Retail investors who had applied for 225 shares will get approximately 15 shares, and who had applied less than 225 will get none.
Source : NDTV Profit
Retail investors who had applied for 225 shares will get approximately 15 shares, and who had applied less than 225 will get none.
Source : NDTV Profit
Wednesday, January 23, 2008
Latest News on RPOWER
About $32 billion was raised from the Reliance Power IPO.
It is expected $12 billion of QIB money from Reliance Power IPO back into the market.
----Manish Chokhani, MD, Enam, on CNBC-TV18.
It is expected $12 billion of QIB money from Reliance Power IPO back into the market.
----Manish Chokhani, MD, Enam, on CNBC-TV18.
Sunday, January 20, 2008
Updated News on Reliance Power
The RPower price band is fixed for Rs.450 and it is expected to list before second week of february. It is expected that the retail investors who have applied for 225 shares will get about 15 shares.
Source : Internet and News papers
Reliance Power - Subscriprion Deatils
NSE & BSE
Total Issue Size 228000000
Total Bids Received 16652019675
Total Bids Received at Cut-off Price 971744085
No. of times issue is subscribed 73.04
Source : http://www.nseindia.com/marketinfo/ipochart/ipochart.jsp?issue=RPOWERCUMUEQ&ir=I&cn=C&sd=D&cnlink=N
Details
Retail investors around 15 times
QIBs subscribed nearly 80 times
Non institutional investors 200 times
Source : http://www.rupya.com/archives/category/reliance-power-ipo/
Total Issue Size 228000000
Total Bids Received 16652019675
Total Bids Received at Cut-off Price 971744085
No. of times issue is subscribed 73.04
Source : http://www.nseindia.com/marketinfo/ipochart/ipochart.jsp?issue=RPOWERCUMUEQ&ir=I&cn=C&sd=D&cnlink=N
Details
Retail investors around 15 times
QIBs subscribed nearly 80 times
Non institutional investors 200 times
Source : http://www.rupya.com/archives/category/reliance-power-ipo/
Tuesday, January 15, 2008
Reliance Power subscription status for the first day
NSE
Total Issue Size 228000000
Total Bids Received 1203505665
Total Bids Received at Cut-off Price 35455590
No. of times issue is subscribed 5.28
NSE & BSE
Total Issue Size 228000000
Total Bids Received 2404958145
Total Bids Received at Cut-off Price 43305705
No. of times issue is subscribed 10.55
Total Issue Size 228000000
Total Bids Received 1203505665
Total Bids Received at Cut-off Price 35455590
No. of times issue is subscribed 5.28
NSE & BSE
Total Issue Size 228000000
Total Bids Received 2404958145
Total Bids Received at Cut-off Price 43305705
No. of times issue is subscribed 10.55
RPOWER subscription as of 1.40PM
NSE
Total Issue Size 228000000Total Bids Received 998170740Total Bids Received at Cut-off Price 9351420No. of times issue is subscribed 4.38
Total Issue Size 228000000Total Bids Received 998170740Total Bids Received at Cut-off Price 9351420No. of times issue is subscribed 4.38
Monday, January 14, 2008
Reliance Power - Subscription as of 1.20PM
NSE
Total Issue Size 228000000
Total Bids Received 940904385
Total Bids Received at Cut-off Price 8659140
No. of times issue is subscribed 4.13
NSE & BSE
Total Issue Size 228000000
Total Bids Received 1849735755
Total Bids Received at Cut-off Price 10362900
No. of times issue is subscribed 8.11
Total Issue Size 228000000
Total Bids Received 940904385
Total Bids Received at Cut-off Price 8659140
No. of times issue is subscribed 4.13
NSE & BSE
Total Issue Size 228000000
Total Bids Received 1849735755
Total Bids Received at Cut-off Price 10362900
No. of times issue is subscribed 8.11
Reliance Power IPO - NSE BSE Subscription as of 12.55PM
NSE & BSE
Total Issue Size : 228000000
Total Bids Received : 1771598280
Total Bids Received at Cut-off Price : 6013305
No. of times issue is subscribed : 7.77
NSE
Total Issue Size : 228000000
Total Bids Received : 939492135
Total Bids Received at Cut-off Price: 7367235
No. of times issue is subscribed : 4.12
Total Issue Size : 228000000
Total Bids Received : 1771598280
Total Bids Received at Cut-off Price : 6013305
No. of times issue is subscribed : 7.77
NSE
Total Issue Size : 228000000
Total Bids Received : 939492135
Total Bids Received at Cut-off Price: 7367235
No. of times issue is subscribed : 4.12
Reliance Power IPO subscribed over 6 times in 1 hour
Anil Ambani group's Reliance [Get Quote] Power IPO on Tuesday generated a demand of over Rs 78,975 crore (Rs 789.75 billion) within one hour of its book building process, that started on Tuesday morning.
According to the latest data available on the National Stock Exchange, the IPO got subscribed over 6.75 times till 11 a.m. in the first day of its public issue.
The issue received bids for over 153.86 crore (1.538 billion) shares as against 22.80 crore (228 million) shares on offer.
Most of the bids came at Rs 450, the upper end of the price band making it the country's largest ever IPO with an estimated proceeds of Rs 11,700 crore (Rs 117 billion), bankers close to the IPO said.
"It has created an unprecedented euphoria in the market, The issue would be good option for retail investors who are looking for short term gain," domestic brokerage firm SMC Global's vice president Rajesh Jain said.
The company is offering the equity shares at a price band of Rs 405-450 per share. The book building process which commenced today would close on January 18.
The total size of the IPO is of 26 crore (260 million) equity shares, including the promoters contribution of 3.2 crore (32 million) shares. The net issue to the public constitutes 22.8 crore shares.
Reliance Power has a diversified portfolio of 13 medium and large-sized power projects, under development and strategically located at various places across India, the company had said in a statement.
With an installed capacity of 28,200 megawatts, the Reliance Power IPO will significantly contribute to reducing the demand-supply gap for the power in the country at competitive rates, it added.
Source : http://www.rediff.com/money/2008/jan/15rpl.htm
From News Papers
Dinakaran - Tamil Daily - 14.01.2008 Issue
This newspaper is saying that over 25 lakhs application has been distributed and 15 lakhs online application is expected. So totally 40 lakh investors will be investing in the RPower IPO.
This newspaper is saying that over 25 lakhs application has been distributed and 15 lakhs online application is expected. So totally 40 lakh investors will be investing in the RPower IPO.
Reliance Power - Business Profile
Reliance Power Limited is part of the Reliance Anil Dhirubhai Ambani Group and is established to develop, construct and operate power projects domestically and internationally. The Company on its own and through subsidiaries is 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. Our 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) and northeastern India (2,900 MW) and southern India (4,000 MW). They include six 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. Reliance Power has acquired the two ultra mega power projects of 4,000 MW each at Sasan in Madhya Pradesh and Krishnapatnam in Andhra Pradesh. The 7,480 MW project to be located at Dadri in Uttar Pradesh is expected to be the largest gas-fired power project at a single location in the world. We 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.
Friday, January 11, 2008
R-Power IPO: You can pay in phases
MUMBAI: Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO.
Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750.
This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18.
The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO '4/5', an indication that the fundamentals of the issue are above average.
Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750.
This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18.
The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO '4/5', an indication that the fundamentals of the issue are above average.
Rel Power IPO opens on Jan 15, to raise Rs 10500-11500 Cr
Reliance Power today filed the red herring prospectus (RHP) with the Registrar of Companies, Maharshtra, Mumbai (ROC), for its proposed initial public offering (IPO).
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.
To enable large participation by retail investors, Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price.
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.
The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets. Reliance Power proposes to issue 26 crore equity shares of Rs 10 each including a 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.
Reliance Power is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country, of over 28,000 MW capacity - the largest development pipeline in the country.
The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes.
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
Kotak 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 are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J. Sagar and Associates are advising the BRLMs and CBRLMs in relation to the issue.
Source : moneycontrol.com
Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.
To enable large participation by retail investors, Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price.
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.
The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.
Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets. Reliance Power proposes to issue 26 crore equity shares of Rs 10 each including a 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.
Reliance Power is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country, of over 28,000 MW capacity - the largest development pipeline in the country.
The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes.
The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.
Kotak 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 are acting as the Book Running Lead Managers to the Issue whilst Macquarie India Advisory Services Private Limited and SBI Capital Markets Limited are acting as Co-Book Running Lead Managers. Amarchand & Mangaldas & Suresh A. Shroff & Co. is advising the Company whilst Cleary Gottlieb Steen & Hamilton and J. Sagar and Associates are advising the BRLMs and CBRLMs in relation to the issue.
Source : moneycontrol.com
Reliance Power aims for a global presence
The Anil Dhirubhai Ambani Group (ADAG) plans to make Reliance Power Ltd a global power utility behemoth. Apart from the proposed Rs 110,000 crore worth of investments being pumped into setting up 28,000 megawatt of power generation capacities in India, it is also looking at projects in Singapore and the Middle East.
"While China has added 70,000 MW power generation capacities in the first half of 2007, India is planning to add a similar amount over the next five years," said Anil Ambani during Reliance Power IPO's road show in Ahmedabad on Saturday.
"The potential for power is huge in India and the 28,000 MW in pipeline are only a start for the company. We will continue to add more new projects in India and outside in the coming years," claimed Anil.
With Reliance Power being made the vehicle for all new generation projects, what will happen to Reliance Energy, the already listed electricity utility company of the group?
“Reliance Energy will continue to benefit from the growth in Reliance Power as it will have a 45 per cent stake in the latter," was Anil's answer at the press briefing. In fact, Reliance Energy has been one of the top performers on the Indian bourses recently, he added.
Reliance Power is also aiming for nuclear power generation, if the government allows private companies to foray into the sector. The company currently has 13 power projects aggregating to 28,200 MW of power, which is coal-based, gas-based and hydroelectric in nature.
"We are ready to foray into nuclear power generation, if the government policies favour private participation. We have also trained close to 100 personnel for this purpose as we don't want to miss out on capitalising this opportunity as and when it comes," said Anil. For developing these power projects, the company is coming out with the biggest IPO in Indian capital market of 26 crore equity shares of Rs 10 each raising Rs 10393 crore to Rs 11563 crore, depending on the price band on which the allotment is made.
"We will be investing more than Rs 1,10,000 crore for developing these power projects," added Ambani.
According to Ambani, the main challenge, which can delay execution of these projects is talent availability and power equipment availability.
"Since the country is currently going through shortage of power equipment, the company would also like to enter into the sector and have started discussions on the front," Ambani said.
The company has won two ultra mega power projects of 4000 Mw each in Sasan, Madhya Pradesh and Krishnapatnam in Andhra Pradesh.
Source: http://sify.com/finance/equity/fullstory.php?id=14585852
"While China has added 70,000 MW power generation capacities in the first half of 2007, India is planning to add a similar amount over the next five years," said Anil Ambani during Reliance Power IPO's road show in Ahmedabad on Saturday.
"The potential for power is huge in India and the 28,000 MW in pipeline are only a start for the company. We will continue to add more new projects in India and outside in the coming years," claimed Anil.
With Reliance Power being made the vehicle for all new generation projects, what will happen to Reliance Energy, the already listed electricity utility company of the group?
“Reliance Energy will continue to benefit from the growth in Reliance Power as it will have a 45 per cent stake in the latter," was Anil's answer at the press briefing. In fact, Reliance Energy has been one of the top performers on the Indian bourses recently, he added.
Reliance Power is also aiming for nuclear power generation, if the government allows private companies to foray into the sector. The company currently has 13 power projects aggregating to 28,200 MW of power, which is coal-based, gas-based and hydroelectric in nature.
"We are ready to foray into nuclear power generation, if the government policies favour private participation. We have also trained close to 100 personnel for this purpose as we don't want to miss out on capitalising this opportunity as and when it comes," said Anil. For developing these power projects, the company is coming out with the biggest IPO in Indian capital market of 26 crore equity shares of Rs 10 each raising Rs 10393 crore to Rs 11563 crore, depending on the price band on which the allotment is made.
"We will be investing more than Rs 1,10,000 crore for developing these power projects," added Ambani.
According to Ambani, the main challenge, which can delay execution of these projects is talent availability and power equipment availability.
"Since the country is currently going through shortage of power equipment, the company would also like to enter into the sector and have started discussions on the front," Ambani said.
The company has won two ultra mega power projects of 4000 Mw each in Sasan, Madhya Pradesh and Krishnapatnam in Andhra Pradesh.
Source: http://sify.com/finance/equity/fullstory.php?id=14585852
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