Monday, January 14, 2008

Reliance Power IPO by Anil Dhirubhai Ambani Group

Reliance power IPO , the IPO for which Indian investors have been waiting for long is to hit market on 15 jan 2008. The Reliance Power IPO will remain open till 18 jan 2008. The band price for Reliance Power Initial public offer is fixed at rs 405-450. The face value is rs.10 per share. CRISIL haas gives 4 stars to Reliance IPO.

Anil Dhirubhai Ambani Group, ADAG is expecting to get investment of Rs.10,530 -11,700 by selling of all IPO And if this happens , Anil Ambani will become 2nd richest after his brother Mukesh ambani.

50% shares of Reliance Power will be retained by Anil Ambani group while others will be distributed amongst investors institutions and public of India.

Reliance POWER IPO was just cleared by Supreme Court. Some Grahak suraksha mandal had filed PIL on STAY of Reliance Power IPO.

Are you investing in Reliance Power ?