Reliance Power is planning to raise around Rs 10,530-11,700 crore from its initial public offering (IPO) of 26 crore equity shares with a face value of Rs 10, for cash, a price decided through 100% book building process. The price band is at Rs 405-450 per share.
The IPO will open on January 15 and close on January 18, 2008. Net issue would constitute of 10.1% of post issue paid up capital of the company. Outstanding shares post issue will be of 226 crore equity shares.
Market cap will be Rs 91,530-101,700 crore (USD 23.23-25.8 billion).
The proceeds from the issue will be used for part financing power subsidiaries and for 13 power generation projects. The projects will be developed by 9 subsidiaries. Some funds will be used for general corporate purposes.
Book running lead managers are Kotak Mahindra Capital Company Ltd, UBS Securities India Pvt Ltd, ABN Amro Securities (I) Pvt Ltd, Deutsche Equities India Pvt Ltd, Enam Securities Pvt Ltd, ICICI Securities Ltd, JM Financial Consultants Pvt Ltd and JP Morgan India Pvt Ltd and Karvy Computershare Pvt Ltd is the registrar to the issue.
Source: Moneycontrol.com
Tuesday, January 15, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment