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. They have also been ranked among the top ten public sector undertakings in India by the Ministry of Heavy Industries and Public Enterprises for Fiscal 2000, Fiscal 2002 and Fiscal 2005.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
primarily loan and investment portfolio;
Meet the future capital requirements
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
Rural Electrification Corporation Ltd IPO Information
»» Public Issue Open: February 19, 2008 to February 22, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 156,120,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 90/- to Rs 105/- »» Market Lot: 20 Shares »»
Minimum Order Quantity: 20 Shares »» -->Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd »» Registrar: Karvy Computershare Private Ltd (Ph: +91-40-2342 0815 Email:rec.ipo@karvy.com)
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. They have also been ranked among the top ten public sector undertakings in India by the Ministry of Heavy Industries and Public Enterprises for Fiscal 2000, Fiscal 2002 and Fiscal 2005.
Objects of the Issue:
The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
primarily loan and investment portfolio;
Meet the future capital requirements
Meet general corporate purposes;
Meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges.
Rural Electrification Corporation Ltd IPO Information
»» Public Issue Open: February 19, 2008 to February 22, 2008 »» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO) »» Public Issue Size: 156,120,000 Equity Shares of Rs. 10/- »» Face Value: Rs. 10/- »» Public Issue Price: Rs 90/- to Rs 105/- »» Market Lot: 20 Shares »»
Minimum Order Quantity: 20 Shares »» -->Maximum Subscription Amount for Retail Investor: Rs 100,000/- »» Listing: BSE, NSE »» Lead Manager: IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd »» Registrar: Karvy Computershare Private Ltd (Ph: +91-40-2342 0815 Email:rec.ipo@karvy.com)
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