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| PRODUCT NOTE |
| Rural Electrification Corporation Limited
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| OPENS ON : 19/02/2010 |
CLOSES ON : 23/02/2010 |
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| Company Details: |
- Rural Electrification Corporation Limited (REC), was incorporated on July 25, 1969 under the
Companies Act 1956. REC is a listed Government of India Public Sector Enterprise with a net
worth of Rs. 5368 Crore.
- Rural Electrification Corporation Limited (REC) main objective is to finance and promote rural
electrification projects all over the country.
- REC provides funding to their clients and assists them in formulating and implementing various
types of power project-related schemes.
- As of September 30, 2009, they are one of only 18 India public sector undertakings to be
granted “Navratna” status by the Department of Public Enterprise by virtue of our operational
efficiency and financial strength.
- The GOI has rated their performance as “Excellent” continuously since Fiscal 1994.Total
income for the year ended 31st march 2009 is Rs. 49,233.06 million and Profit after Tax (PAT)
is Rs. 13,780.14 million.
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| IPO Grading: |
| Crisil has assigned a Crisil IPO grade 3/5 to the proposed initial public offer of Rural
Electrification Corporation (REC). |
| Issue Details: |
| Issue Size |
: |
171,732,000 Equity shares |
| Face value |
: |
Rs 10/- per equity share |
| Floor Price |
: |
Rs. 203 for Retail & HNI |
| Lot Size |
: |
30 Shares & multiples of 30 shares |
| Exchanges |
: |
NSE & BSE |
| Issue Type |
: |
100% Book Built issue FPO |
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| Book Running Lead Manager : |
- Bofa Merrill Lynch Limited
- Kotak Mahindra Capital Company Limited
- ICICI Securities
- JM Financial
- RBS Equities India Ltd
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| ISSUE STRUCTURE |
| S. No. |
Main Category |
No of equity shares reserved for the main category |
| 1. |
QIB |
85,691,000 shares (50% of Net issue size) |
| 2. |
Non Institutional |
25,707,300 shares (15% of Net issue size) |
| 3. |
Retail |
59,983,700 shares (35% of Net issue size) |
| Total Issue Size |
1+2+3+4 |
171,382,000Equity shares |
| * Employee Reservation is 3,50,000 Equity Shares |
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SEBI Registration No: NSE Cash: INB231219636 | SEBI Registration No: NSE Derivative: INF231219636 | SEBI Registration No: BSE Cash: INB011219632 | SEBI Registration No: MCX-SX: INE261219636 | SEBI Registration No: CDSL: IN-DP-CDSL-3242005 | NCDEX Membership No: 00635 | MCX Membership No: 28850 | NSEL Membership No: 10650
IRDA Registration Number : CB-066/03
AMFI Registration No : ARN -0032 |
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