Current Price Rate of IPO of Reliance Power LimitedReliance Power Limited aims to sell two hundred and sixty million shares through the offer of IPO that amounts to 10.1 % of the company's total financial assets. The offer will remain open for public during the period of 15th January to 18th January, 2008. Reliance Power hopes to earn an amount between Rs.105 billion to Rs.115 billion through the lucrative offer of the IPO. According to the company sources, the shares will be sold at a cost of Rs. 405 to Rs. 450.
Modes of PaymentThere are two alternative ways of buying the Indian Public Offering or IPO of Reliance Power Limited.
Reliance Power Limited has recently floated the IPO method of buying and selling shares. JM Financial and Kotak Mahindra are the two leading companies that manages the buying and selling of IPO, on behalf of Reliance Power. Reliance Power Shares through IPO is estimated to increase net profitability of company by $ 2.9 billion.