Reliance Petroleum IPO opens today

The Initial Public Offering of Reliance Petroleum Ltd opens today for subscription. Reliance Petroleum Ltd is coming out with a Initial Public Offering of equity shares of Rs.10 each at a price band of Rs.57 to Rs.62. The issue consists of 450,000,000 equity shares of Rs. 10/- each for cash at a price band of Rs.57 to Rs.62 aggregating Rs.2790 Crores.

The company has given an option of paying Rs.16 on application to Retail Individual Investors.

Issue Period: April 13, 2006 to April 20, 2006.
Issue Type: 100% Book Building.
Minimum Order Quantity: 100 shares.
Company Website

Source : Equity Bulls

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