• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth
• Events 2007

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Jan. 30 Allocation of shares by Reliance Power Ltd, which has just completed its IPO, is expected by Friday, merchant banking sources said.

An official with a book running lead manger said the allocation process would be completed by February 1. As the IPO was subscribed 73 times, raking in a demand for Rs 7.5 lakh crore, a lot of which has to be refunded to investors.

The fund outflow is expected to result in more liquidity, say market men. Reliance Power’s Chairman, Mr Anil Ambani, had previously said that the company will get listed on stock exchanges by early February. The IPO, which was to raise Rs 11,700 crore, opened on January 15 and closed on January 18. The price was fixed between Rs 405-450 per share.

More Stories on : Power | IPOs

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
5 NGRI scientists bag awards

Copyright © 2008, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line