Reliance Power lists at Rs 548 on BSE, at Rs 530 on NSE

Anil Dhirubhai Ambani Groups Reliance Power on Monday listed at 548 rupees, which is a premium of 27.4 per cent to its issue price of 450 rupees, on the Bombay Stock Exchange (BSE), while it listed at 530 rupees on the National Stock Exchange (NSE).

Mumbai, Feb 11 : Anil Dhirubhai Ambani Group's Reliance Power on Monday listed at 548 rupees, which is a premium of 27.4 per cent to its issue price of 450 rupees, on the Bombay Stock Exchange (BSE), while it listed at 530 rupees on the National Stock Exchange (NSE).

During early trades, the scrip touched a high of 600 rupees, and a low of 401 rupees.

It may be recalled that the much sought after Reliance Power Initial Public Offer (IPO) was subscribed approximately 70 times. The IPO attracted over five million bids from all categories of domestic and international investors.

The 30-share sensitive index (Sensex) of the BSE today opened with negative gap of 37 points at 17,428 and was 184 points down when reports last came in.

Last month, the three-billion IPO was oversubscribed within hours of opening of its book building process. The company has come out with an IPO in the price band of 405-450 per share.

Reliance Power has planned power units with capacity of 28,200 Mega Watt (MW). The company has one of the largest portfolios of power generation assets under development in the country.

Reliance Energy, part owner of Reliance Power would hold 45 per cent stake in the company post-issue.

ANI