Reliance Power IPO Subscription Status Today [Live Update] (2024)

FAQs

How to check live IPO subscription status? ›

The issue was sold out within the first minute of its opening on January 15, 2008, a record for a mega offering of Rs 11,563 crore. The IPO had received a record over 50 lakh bids worth Rs 7.5 lakh crore, and the issue got subscribed by more than 72 times. The stock made its debut on the bourses on February 11, 2008.

Reliance Power IPO price band is set at ₹405 to ₹450 per share. The minimum lot size for an application is 15 Shares. The minimum amount of investment required by retail investors is ₹6,750.

The IPO is listed at 9:00 a.m. on the listing day. Stock exchanges held a special Pre-Open Trading Session for first 60 minutes for better price discovery. At 10 a.m. the regular trading starts in IPO shares.

IPO Bid Verification module is a very simple tool to verify the IPO application details uploaded on the Exchange bidding system by your member / bank. The data of the bid details uploaded by the member / bank would be available on T+1 day (where T would be date receipt of bid on NSE platform).

As said, the IPO allotment process takes around 1 week to assign the fund to the investor. It is decided by the lottery system when the demand is higher than the supply. The IPO registrar the IPO allotment status after 1 week to complete the subscription date.

IPO allotment operates by assigning shares to investors through their Demat accounts typically within one week after the subscription period ends.

“Mahan Energen Ltd (MEL), wholly-owned subsidiary of Adani Power Ltd (APL), has entered into a 20-year long-term power purchase agreement (PPA) for 500 MW with Reliance Industries Ltd (RIL), under the captive user policy as defined under the Electricity Rules, 2005,” Adani Power said in the filing.

Has Adani bought Reliance Power? ›

RIL did not disclose any specific purpose for signing the power purchase agreement. Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country's wealthiest men.

Reliance Power Limited (R-Power), formerly Reliance Energy Generation Limited (REGL) is a part of the Reliance Anil Dhirubhai Ambani Group.

Jio may go for IPO next year, which could boost Bharti Airtel's market valuation as well. India's largest service provider, Reliance Jio, is likely to come up with an initial public offering (IPO) next year, according to media reports.

If you have bought reliance shares at recent price with an intention to hold atleast for 3–5 years it is a good buy always. If you are looking for positional trade, I mean if u are looking to hold for 15–20 days it will be a good buy above 2190-2200.

In 2030, the projected initial price target for Reliance Power Ltd is ₹83. If market conditions are favorable, the mid-year price target could potentially reach ₹78.

Fonebook IPO Subscription Status Live

The public issue subscribed 886.32 times in the retail category, 138.69 times in QIB, and 819.99 times in the NII category by January 30, 2024 (Day 3).

The allotment process totally depends on how the IPO got responses from the investors. If the IPO is undersubscribed, then the investor may get allotted all the lots for which they have applied. If the IPO is oversubscribed, the allocation of shares to the retail investor happens through a computerised process.