Reliance Power Shares enables the interested companies and individuals to invest in one of the leading corporate houses of India. A part of Reliance Energy, Reliance Power Limited encourages investment in the esteemed company through Reliance Power IPO or Indian Public Offering.
Current Price Rate of IPO of Reliance Power Limited
Reliance 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 Payment
There are two alternative ways of buying the Indian Public Offering or IPO of Reliance Power Limited.
The first mode of payment is applicable for the retail investors and non-institutional applicants. According to the first method, the bidder is liable to pay a certain amount per equity, in spite of bid rates.
The second method is applicable to all bidders from all categories. According to the rules of the second method, the applicant has to pay the full amount per share.
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.
