Rural Electrification Corporation IPO opens on February 19, 2008

The Initial Public Offering (IPO) of Rural Electrification Corporation Limited will hit the capital markets on February 19, 2008. The company is coming out with an IPO of 156,120,000 EQUITY SHARES of Rs 10 each for cash at a price band of Rs 90 to Rs 105 through 100% Book Building process.

The IPO opens for subscription on February 19, 2008 and closes on February 22, 2008.

IL&FS Investsmart Securities Limited, ICICI Securities Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue.

SBICAP Securities Limited is the Syndicate Member to the issue.

Karvy Computershare Private Limited is the Registrar to the issue.

Click Here to view Rural Electrification Corporation Limited website.

Click Here to view Rural Electrification Corporation Limited prospectus.

Source : Equity Bulls

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