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February 19, 2008 - February 22, 2008

REC IPO FAQ

REC IPO Date & Price

The REC IPO opens on February 19, 2008 and closes on February 22, 2008.

Sorry the REC IPO timelines are not available at this time.

REC IPO price is set at ₹105 per equity share.

REC IPO will close for subscription at 5 PM on February 22, 2008. But most brokers stop accepting application between 1 PM to 3 PM.

The REC IPO starts on February 19, 2008. The issue ends on February 22, 2008.

REC IPO Issue Size and Subscription Status

The REC IPO size is 156120000 Equity Shares of ₹10 aggregating up to ₹1,639.26 Cr.

Rural Electrification Corporation Ltd. is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for REC IPO shares through the banks (using ASBA) or through the broker (using UPI).

Sorry, The number of shares offered in REC IPO is not available at this time. Please revisit us for latest updates.

REC IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)39.30 times times
Non-Institutional Investors (NII)27.12 times times
Retail Individual Investor (RII)7.68 times times
Employee Reservations0.94 times times
Other Reservations times
Total Issue Size27.76 times times

Click here to check the REC IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in REC IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check REC IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

REC IPO Allotment and Listing

The tentative date for REC IPO allotment status is not available at this time. You can check the REC IPO Allotment Status as soon as it is available.

Click here to check REC IPO Allotment Status.

REC IPO listing Date is March 12, 2008. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The REC IPO listing date and time is published by the exchange in a circular.

Click here to view the REC IPO Basis of Allotment.

It is hard to say at what price REC IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The REC IPO shares will list on March 12, 2008 at BSE, NSE.

REC IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about REC IPO which could help you with questions like REC IPO buy or not? You should also read REC IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

REC IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the REC IPO performance. The performance reports are available 1 day after listing.