REC FPO Latest News Today

Rural Electrification Corporation Ltd (REC) FPO allotment Status is now available online.

REC FPO was open on Feb 19, 2010 and closed on Feb 23, 2010. FPO was oversubscribed by 3.14 times (0.2297 times in retail).

Rural Electrification Corporation Ltd (REC) FPO allotment Status is now available online.

REC FPO was open on Feb 19, 2010 and closed on Feb 23, 2010. FPO was oversubscribed by 3.14 times (0.2297 times in retail).

REC Ltd FPO finally subscribed 3.14 times on its closing day. REC FPO was open on February 19, 2010 and closed today on February 23, 2010 for subscription.

Oversubscription detail for Day 3

Qualified Institutional Buyers (QIBs): 5.5172 Times

Non Institutional Investors: 2.0542 Times

Retail Individual Investors (RIIs): 0.2297 Times

Employee: 0.8531 Times

Total: 3.14 Times

Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.

REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.

The issue opens on February 18, 2010, and closes for subscription on February 23, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

REC Ltd FPO subscribed 0.59 times on its day 2. REC FPO was open on February 19, 2010 and will close on February 23, 2010 for subscription.

Oversubscription detail for Day 2

Qualified Institutional Buyers (QIBs): 1.0908 Times

Non Institutional Investors: 0.2311 Times

Retail Individual Investors (RIIs): 0.0336 Times

Employee: 0.3211 Times

Total: 0.59 Times

REC Ltd FPO subscribed 0.29 times on its day 1. REC FPO opens today on February 19, 2010 and closing on February 23, 2010 for subscription. REC has received bids for 4,97,14,800 shares as against issue size of 17,17,32,000 shares.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 0.5187 Times

Non Institutional Investors: 0.1920 Times

Retail Individual Investors (RIIs): 0.0055 Times

Employee: 0.0119 Times

Total: 0.29 Times

Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.

REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.

The issue opens on February 19, 2010, and closes for subscription on February 23, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.

REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.

The issue opens on February 19, 2010, and closes for subscription on February 23, 2010. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).