Company Name : RELIANCE POWER LTD

Issue Opens : 15 January, 2008
Issue Closes : 18 January, 2008
Expected Refund Date : 07 February, 2008

Issue Size : 260,000,000 Shares

Price Bands
Lower Price Band (Rs) : 405 (Retail - 385)
Upper Price Band (Rs) : 450 (Retail - 430)
Total Size (Rs) : Rs. 11,700 Crores

Issue Allocation
Institutional: 136,800,000
HNI : 22,800,000
Retail : 68,400,000
Application Multiple : 15 and in multiples there off starting with atleast 15 shares
Maximum Shares : 225 (for Retail)

Cheque Drawn In Favour Of : "Reliance Power IPO - R" For Retail Bidders

Registrar to the Issue : Karvy Computershare Pvt Ltd

Managers to the Issue : Kotak Mahindra Capital Company Ltd, ENAM Securities Pvt Ltd & JM Financial Consultants Pvt Ltd

Information URL : RELIANCE POWER LTD

Company Details
Address : H Block, First Floor, Dhirubhai Ambani Knowledge City, Navi Mumbai - 400 710
Email : reliancepower.ipo@relianceada.com
Contact Details : 912230386010/ 912230376633 (fax)

Company Background:
Reliance Power Ltd. is a part of Reliance ADA group and was established to develop, construct and operate power projects domestically and internationally. Reliance Power is currently developing 13 medium-sized and large power projects with a combined planned installed capacity of 28,200 MW, one of the largest portfolios of power generation assets under development in India. 

Reliance Power Ltd. is also considering the development of CBM (Coal Bed Methane) power generation assets under development in India. It is also considering the development of CBM power generation projects based on fuel from CBM blocks being explored by a consortium that includes its affiliates. Reliance Power’s projects are strategically located in the northern, western, and north-eastern regions of India to cater to the significant demand in the northern and western regions in India, besides the diversity of its projects in fuel type, fuel source and offtake.
The Reliance ADA Group comprises companies in telecommuniucations, financial Services, media and entertainment, infrastructure, energy and other sectors. The Reliance ADA Group intends Reliance Power to be its primary vehicle for investments.in the power generation sector in the future. It also intends to enter into offtake arrangements with certain of its affiliate, including REL and Reliance Energy Trading.

Object of the Issue:
Reliance Power intends to fund an aggregate amount of Rs.86,424.30mln from the net proceeds in its subsidiaries to partially finance the development of the identified projects. The same shall be funded either by way of share capital or shareholder loan or a combination of the two.

Subsidiary Objects
RPSCL 600 MW Rosa Phase I Rs. 393.15 mln
RPSCL 600 MW Rosa Phase II Rs. 614.95 mln
VIPL 300 MW Butibori Rs. 411.42 mln
SPL 3,960 MW Sasan Rs. 5461.35 mln
MEGL 1,200 MW Shahapur Coal Rs. 1145.80 mln
USHPPL 400 MW Urthing Sobla Rs. 615.76 mln

Key Financials for the year ended March 31, 2007 (consolidated basis)
Revenue Rs.22.5Mln, PAT Rs.12.7Mln (restated), EPS Rs.0.08 RoNW0.63%

Recommendation for Reliance Power IPO:
The spin-off from Reliance Energy is expected to attract good demand despite its greenfield status. Apply Aggressively.

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