Anil Ambani's one more big debut

NEW DELHI: Anil Ambani-led Reliance Power, which recently completed the country's largest ever Initial Public Offering (IPO), will debut on the stock exchanges on February 11.

''Subject to all regulatory and other approvals, the equity shares offered through this IPO will be listed on both the Bombay Stock Exchange Ltd (BSE) and the National Stock Exchange (NSE) on February 11,'' a company statement said.

Reliance Power has credited its shares to the demat accounts of the successful allotted in the IPO and has already carried out allotment and refund exercise post-closure of the IPO, it added.
 
The firm's IPO, which was oversubscribed about 70 times, had attracted over five million bids from all categories of domestic and international investors with aggregate commitment of over Rs 7,50,000 crore, as against the issue size of Rs 11,560 crore.
 
With about 42 lakh shareholders, Reliance Power will be the largest shareholder base company among the companies listed on the stock exchanges, the statement said.