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November 13, 2024 7:27:00 AM
NTPC and Power Grid will be key beneficiaries of the power-capex cycle, according to Macquarie. The brokerage prefers Power Grid Corp. over NTPC due to its greater leverage to renewable growth, that ...
Published by : ndtvprofitNovember 11, 2024 6:57:00 AM
Once finalised, investors can check the allotment status on the official websites of BSE or Kfin Technologies, the registrar for the issue ...
Published by : Business StandardRural Electrification Corporation Ltd IPO Listing Info:
IPO Listing Date: Wednesday, March 12, 2008
NSE Symbol: RECLTD
ISIN: INE020B01018
Issue Price: Rs 105/-
Face Value: Rs 10/- Per Equity Share
IPO Allotment Status is now available online for Rural Electrification Corporation Limited (REC) IPO.
Rural Electrification Corporation Limited IPO was open on February 19, 2008 and closed on February 22, 2008. IPO was oversubscribed by 27.76 times (7.6789 times in retail).
Rural Electrification Corporation Limited (REC) IPO oversubscribed by 27.76 times. Non Institutional category oversubscribed around 27.1192 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 39.3047 times.
Retail Individual Investors (RIIs) category oversubscribed 7.6789 times and Employees category oversubscribed 0.9411 times.
Rural Electrification Corporation Ltd IPO - Final bid details (information from NSE Website)
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 91330200 | 3589707840 | 39.3047 |
| 1(a) | Foreign Institutional Investors (FIIs) | 2019127260 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 897848460 | ||
| 1(c) | Mutual Funds | 672732120 | ||
| 1(d) | Others | 0 | ||
| 2 | Non Institutional Investors | 15221700 | 412800360 | 27.1192 |
| 2(a) | Corporates | 220888020 | ||
| 2(b) | Individuals (Other than RIIs) | 121253880 | ||
| 2(c) | Others | 70658460 | ||
| 3 | Retail Individual Investors (RIIs) | 45665100 | 350656620 | 7.6789 |
| 3(a) | Cut Off | 331684800 | ||
| 3(b) | Price Bids | 18971820 | ||
| 4 | Employee Reservation | 3903000 | 3672960 | 0.9411 |
| 4(a) | Cut Off | 17460 | ||
| 4(b) | Price Bids | 3655500 |
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.
Rural Electrification Corporation Limited (REC) is entering in the capital markets with an initial public offering, IPO of 156,120,000 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs. 90/- at lower level and Rs. 105/- at upper level for equity share of Rs. 10/-. The issue opens on Feb 19, 2008, and closes for subscription on Feb 22, 2008. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The REC IPO is proposed to open on February 19, 2008. The IPO application ends on February 22, 2008.
Retail investors can apply in the retail or non-institutional investor category from February 19, 2008 to February 22, 2008. The REC IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The REC IPO will open for subscription on February 19, 2008. The public issue will close on February 22, 2008.
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