This article was first published 19 years ago

Reliance Petro IPO at Rs 57-62

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April 10, 2006 13:26 IST

Reliance Petroleum Ltd on Monday announced its plan to enter the capital market with a public issue of 135 crore equity shares.

The premium of the shares with a face value of Rs 10 each will be decided through the book building route to be conducted on the stock exchange Mumbai and the National Stock Exchange, Reliance officials announced on Monday.

The price band has been set at Rs 57 to Rs 62 for the proposed issue.

Initially, in the draft red herring prospectus, RPL had proposed to offer 180 crore shares.

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