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Open
19 Feb 2008
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Close
22 Feb 2008
3
Allotment
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Listing
Wed, Mar 12, 2008
Price Band
₹90 to ₹105
Issue Size
15,61,20,000 shares (agg. up to ₹1,639 Cr)
Lot Size
60 Shares
Listing Date
Wed, Mar 12, 2008
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 27.36x |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment its capital base to meet the future capital requirements arising out of growth in the business and for other general corporate purposes | 783.83 |
| 2 | Estimated Issue expenses | 35.80 |
About REC IPO
Incorporated in 1969, Rural Electrification Corporation Limited (REC) is one of the leading public financial institutions in Indian power infrastructure. They are engaged in the financing and promotion of transmission, distribution and generation projects throughout India.REC provides funding to their clients and assist them in formulating and implementing various types of power project-related schemes. Clients include public sector power utilities at the central and state levels and private sector power utilities. Additionally, they fund power projects for their joint sector clients. Their financial products primarily include long-term loans, short-term loans, bridge loans and debt refinancing.REC currently administer grants and provide loans as the nodal agency for the RGGVY, which is primarily aimed at the electrification of all villages in India. REC provides loan assistance to SEBs/State Power Utilities for investments in rural electrification schemes through its Corporate Office located at New Delhi and 17 field units (Project Offices), which are located in most of the States.The GoI has rated their performance as “Excellent” continuously from Fiscal 1994 through Fiscal 2006.
Contact Details
Rural Electrification Corp.Ltd. AddressCore 4, SCOPEComplex, 7Lodhi RoadNew Delhi, New Delhi, 110003+ 91-11-2436 5161ipo@recl.nic.inVisit Website