Reliance Power Limited IPO Message Board (Page 334)

Rel ipo will openly expected 18th jan.it wil give us good return 10 to 12% in 20days therefor don'avoid this chance,kind attn everybody more invest more income.

Hi Idea Unique

If you r having one Demat Account then 1 lac is the maximum amount u can invest in this IPO.....but after listing u can buy for maximum amount.....

rpl ipo open 20-1-2008

GOOD NEWS

SEBI approves Reliance Power's IPO
28 Dec, 2007, 1750 hrs IST, PTI
MUMBAI: Anil Ambani group on Friday got the regulatory go-ahead from SEBI for the public issue of Reliance Power Ltd, the group's first IPO and estimated to raise about $3 billion, the highest ever proceeds in India.

Securities and Exchange Board of India has issued its observations on the draft prospectus of RPL, while clearing the way for IPO, sources close to the development said.

The public offer by the ADAG firm Reliance Energy's subsidiary is expected to be launched early next year and could raise over three billion dollars, eclipsing the public issue of realty giant DLF, which had raised more than two billion dollars and is the biggest ever IPO so far.

The go-ahead comes a day after SEBI disposed off a complaint against the IPO, while saying that "the entire promoter quota, that is, 20 per cent of the capital in RPL shall be locked in for a period of five years from the date of allotment in the proposed IPO."

SEBI on Thursday put a rider of five-year lock-in period on promoters' equity while disposing off a complaint against the proposed initial public offer of Anil Ambani group company Reliance Power Ltd.

Listing out the eligibility criteria for computation of promoters' contribution, SEBI said: "The entire promoter quota, that is, 20 per cent of the capital in RPL shall be locked in for a period of five years from the date of allotment in the proposed IPO."

A two-member bench comprising members T C Nair and V K Chopra, accordingly disposed off the case that it was hearing following an order by Mumbai High Court on a PIL.

When contacted, an ADAG spokesperson declined to comment. While SEBI wanted full disclosure by promoters and the lead managers as per the various statutes and guidelines to protect the interest of investors, it did not take up the issue of 'short charging of shareholders' due to transfer of projects from ADAG group company Reliance Energy Ltd to RPL.

The company is estimated to raise up to three billion dollars through the proposed public offer.

I am completely new to share-market. I wish to invest Rs. 3-4 lacs in Reliance Power Ltd. IPO.

Can anyone pl. give me a rough idea as how many shares can I get in this price? And keeping the past trend in mind - I much return can I expect after 2-3 years?

Awaiting a response - thanks friends.

Reliance IPO opens on 7th january, 2008

Reliance power ipo coming on face value 2 say 10 rupee and share rate 450-480 and primum 300 par share
date no final but i thinkg 10 jan nearst about

Ladies & Gentlemen,

Its confirmed. Reliance Power coming on Jan 15,2008 with price band of Rs. 450 ~ Rs. 480

Relinace Power price band 450-80 and grey mkt premium 260/70

ndia regulator dimisses Rel. Power IPO complaint
Fri Dec 28, 2007 2:01am EST

(For India IPO diary and data, click <IN/IPOMENU/>

MUMBAI, Dec 28 (Reuters) - India's market regulator said it has disposed of a complaint against a planned initial public offering by Reliance Power Ltd, clearing the way for final approval what could be the country's biggest-ever listing.

Parent Anil Dhirubhai Ambani Group (ADAG) has said the IPO entailed a sale of a 10.1 percent stake in Reliance Power, which media reports have said could raise up to $2.8 billion.

Late on Thursday, the Securities and Exchange Board of India (SEBI) directed ADAG's entire holding in Reliance Power, 20 percent of the capital, be locked-in for five years from the date of allotment, rather than the 18.6 percent proposed by the company.

SEBI also said in a statement it had no jurisdiction to decide or take action on allegations the IPO would affect the interests of shareholders in Reliance Energy Ltd (RLEN.BO: Quote, Profile, Research), an ADAG company which owns 50 percent of Reliance Power.

"Now that the allegations have been found to be baseless, we expect SEBI approval for the IPO will take the normal course," a source familiar with the matter said.

A lawsuit filed in the Mumbai High Court by an independent organisation in October had claimed a "serious breach of corporate governance" in the IPO, SEBI said.

The complainant said Reliance Energy shareholders would be adversely affected by the IPO because several major projects had been transferred to Reliance Power from Reliance Energy, SEBI said.

Reliance Power maintained its activities were "in accordance with law", SEBI said.

ADAG, which also has interests in telecom, financial services, infrastructure and entertainment, plans to offer up to 30 percent of the shares to retail clients, with a further 10 percent going to high net worth individuals.

Institutional investors will be offered 60 percent, and may get more if retail demand is weak.

The issue is managed by UBS (UBSN.VX: Quote, Profile, Research), ABN AMRO (AAH.AS: Quote, Profile, Research), JPMorgan (JPM.N: Quote, Profile, Research), Deutsche Bank (DBKGn.DE: Quote, Profile, Research), Enam Securities, ICICI Securities, JM Financial (JMSH.BO: Quote, Profile, Research) and Kotak Mahindra Capital.

Macquarie (MBL.AX: Quote, Profile, Research) and SBI Capital Markets are co-managers.

Indian firms have raised $8.2 billion from 88 IPOs in 2007, data from Thomson Financial showed, compared with $4.7 billion in 2006, helped by a booming stock market, which is up nearly 47 percent so far this year. (Reporting by Rina Chandran; Additional reporting by Devidutta Tripathy and Virendra Verma; Editing by John Mair and Lincoln Feast)

Market regulator Sebi has issued directions to Reliance Power regarding its mega-IPO. And these directions could potentially clear the way for the IPO to hit the street,

RELIANCE IPO MAY OPEN IN LAST WEEK OF JAN , LIKELY DATE ON
28 JAN 2008

Sebi directions may clear way for Rel Power mega-IPO

Market regulator Sebi has issued directions to Reliance Power regarding its mega-IPO. And these directions could potentially clear the way for the IPO to hit the street, CNBC-TV18’s Payal Bhattar informed.



This could actually be good news for Reliance Power, Bhattar feels. There were many reports that suggest that perhaps the draft Red Herring has been stuck with regulator Sebi because of the legal hurdles involving it, she informed. There was a PIL that was filed in the High Court against the forthcoming IPO and thereafter, the High Court actually directed Sebi to pass a final order in the matter, she added.



The HC had asked Sebi to dispose and deal with the case and that is what Sebi has done; it has come out with a final order on the Reliance Power IPO, Bhattar said.



Sebi has stated that there is a lock in of five years for the promoters i.e 5 years from the date of allotment, she informed.



According to the CNBC-TV18 analyst, companies normally get three years from the date of commencement of the first project and that is for companies that don’t have a track record of implementing greenfield projects. Typically these are companies like infrastructure companies, power companies; so perhaps by the time Reliance Power had actually come up with the first greenfield project, it could be about 2-3 years down the line and there would have been a three year lock in period after that, Bhattar said.



So this could mean that the promoters of Reliance Power could have got themselves one year lesser lock in period, she added. But that depends on when they were actually expecting to commence their first project, she observed.



The PIL that was filed in the High Court alleged that Rel Power had violated Companies Act as well as Sebi DIP guidelines and this final order of Sebi in a way clears Reliance Power of all of this, Bhattar concluded.

REL POWER will come this month end.

Sebi directions may clear way for Rel Power mega-IPO

Market regulator Sebi has issued directions to Reliance Power regarding its mega-IPO. And these directions could potentially clear the way for the IPO to hit the street, CNBC-TV18’s Payal Bhattar informed.



This could actually be good news for Reliance Power, Bhattar feels. There were many reports that suggest that perhaps the draft Red Herring has been stuck with regulator Sebi because of the legal hurdles involving it, she informed. There was a PIL that was filed in the High Court against the forthcoming IPO and thereafter, the High Court actually directed Sebi to pass a final order in the matter, she added.



The HC had asked Sebi to dispose and deal with the case and that is what Sebi has done; it has come out with a final order on the Reliance Power IPO, Bhattar said.



Sebi has stated that there is a lock in of five years for the promoters i.e 5 years from the date of allotment, she informed.



According to the CNBC-TV18 analyst, companies normally get three years from the date of commencement of the first project and that is for companies that don’t have a track record of implementing greenfield projects. Typically these are companies like infrastructure companies, power companies; so perhaps by the time Reliance Power had actually come up with the first greenfield project, it could be about 2-3 years down the line and there would have been a three year lock in period after that, Bhattar said.



So this could mean that the promoters of Reliance Power could have got themselves one year lesser lock in period, she added. But that depends on when they were actually expecting to commence their first project, she observed.



The PIL that was filed in the High Court alleged that Rel Power had violated Companies Act as well as Sebi DIP guidelines and this final order of Sebi in a way clears Reliance Power of all of this, Bhattar concluded.

kab aega reliance power limited ka ipo?????????

Can ANYONE give me the full list of upcomming ipo's in 2008..

Yahoo rel power ipo announced mid jan confirm .Yahoo never lies .Yahoo yahoo

hi all investor

good news good news
sebi clear rel power ipo.20%promertor's stake will be locked in for 5 year.sebi okey rel project tr to rel power. ipo will come
in jan 08 sure so wait for it and when in come have investing &
enjoy.
happy new year to all of you!!!!!

Any idea about Launch date of Rel IPO