Sunday, February 17, 2008

Rural Electrification Corporation Limited (REC) IPO


GENERAL INFORMATION :

Public Issue Open on

Tuesday, February 19, 2008 .

Public Issue closes on

Friday , February 22, 2008

Public Issue Price band

Rs 90/- to Rs 105/-

Public Issue Size

156,120,000 Equity Shares

Minimum Order Quantity

60 Shares

Registrar

Karvy Computershare Private Ltd

Lead Manager

  1. IL&Fs Investsmart Securities Ltd

  2. ICICI Securities Ltd

  3. SBI Capital Markets Ltd

Face Value

Rs. 10/-



GRADING :

CRISIL IPO

3/5

MONEY CONTROL IPO GRADE

4/5


EXPERT’S VIEW:

R S Iyer (KR Choksey)

Apply.

Manish Bhatt

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SP Tulsian

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SKP Securities

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ISSUE ALLOCATION…

Institutional

91,330,200

HNI

15,221,700

Retail

45,665,100



Cheque Drawn In Favour Of

"Escrow Account - REC Public Issue - R" For HNI Bidders

"Escrow Account - REC Public Issue - R" For Retail Bidders


Company’s Background..


Rural Electrification Corporation (REC) is one of the leading public financial institutions in Indian Power infrastructure. REC is engaged in financing and promotion in the of transmission, distribution and generation projects throughout India. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them.
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 Project Offices in the States coordinate the programmes of REC’s financing with the concerned SEBs/State Power Utilities and facilitate in formulation of schemes, loan sanction and disbursement and implementation of schemes by the concerned SEBs/State Power Utilities. REC also funds power projects for their joint sector clients. REC
REC’s loan sanctions and loan disbursements have grown at a CAGR of 28.37% and 13.51% respectively. REC’s overall cost of funds was as low as 6.55% (which arises out of the Section 54EC-Capital Gains Tax, given solely to REC). This enables them to deliver debt financing at competitive rates.
REC has been ranked amongst the top ten public sector undertakings in India. The GOI shareholding will be 81.82% of the diluted post issue paid up equity capital of Company


Company’s Address :


Core 4, SCOPE Complex, 7, Lodhi Road, New Delhi

Pincode : 110 003

Telephone no. : 91 11 2436 5161

Fax no.: 91 11 2436 0644

Website : http://www.recindia.nic.in/

Email : ipo@recl.nic.in




AM NOT GIVING ANY VIEW OF MINE ….

I AM JUST PROVIDING YOU THE INFORMATION

COLLECTED FROM VARIOUS SOURCE …..

LISTEN TO EVERYONE BUT,

DO WHAT YOUR MIND SAYS”…..

ALL THE BEST & GO AHEAD..

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