Anil Ambani Group firm Reliance [Get Quote] Power, which had raised Rs 11,560 crore (Rs 115.6 billion) in the largest IPO on the Indian capital market, will list on the bourses on February 11. The company, with about 42 lakh shareholders, would list its shares on the Bombay Stock Exchange and National Stock Exchange on February 11, it said in a statement.
Reliance Power has already credited its shares to the demat accounts of successful allotees in the IPO, it said.
The company had carried out the allotment and refund exercise within 10 working days after the closure of the IPO. Reliance Power IPO had attracted over five million bids from all categories of domestic and international investors with a demand of shares worth over Rs 7,50,000 crore (Rs 7.5 trillion), resulting in the offer being oversubscribed by about 70 times.
The portion reserved for Qualified Institutional Buyers was oversubscribed 82.5 times, while that for Non Institutional Investors received bids for over 159 times the shares marked for them. The part reserved for retail investors was oversubscribed 13.6 times. With about 42 lakh shareholders, Reliance Power would be the largest shareholder-base company listed on the stock exchanges.
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