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anubhai angaldas Securities Pvt. Ltd. Member: BSE - NSE - CDSL

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IPO Synopsis
REC Ltd
Registered Office: Core-4 SCOPE Complex, 7 Lodi Road, New Delhi - 110003, New Delhi
Phone: 1
Email: 1
Website: 1
Public issue of 171,732,000 equity shares of face value of Rs. 10 each ("equity shares") of Rural Electrification Corporation Limited (the "Company" or the "Issuer") for cash at a prices determined through the alternate book building method under part D of schedule XI of the Securities and Exchange Board of India (Issue of capital and disclosure requirements) regulations, 2009, as amended (The "SEBI Regulations") aggregating up to Rs. 3529.94 crores (the "Issue") consisting of a fresh issue of 128,799,000 equity shares by the company ("Fresh Issue") and an offer for sale of 42,933,000 equity shares ("Offer for Sale") by the President of India, acting through the ministry of power, Government of India (the "Selling Shareholder"). The Issue comprises a net issue of 171,382,000 equity shares to the public ("net issue") and a reservation of 350,000 equity shares for subscription by eligible employees (the "employee reservation portion"). The issue shall constitute 17.39% of the fully diluted post-issue capital of the company and the net issue shall constitute 17.36% of the fully diluted post-issue capital of the company. The Face value of the equity share is Rs. 10 each The Floor price (For Bids submitted by non-institutional bidders and retail individual bidders) is Rs. 203 per equity share of face value of Rs. 10/- each The Floor price is 20.3 times of the face value. The Clearing price (For Bids submitted by qualified institutional buyers, including mutual funds) is Rs. 206 per equity share. The Employee price (For Bids submitted by eligible employees under the employee reservation portion) is Rs. 193 per equity share.
Issue Money Payable On
Opens On Closes On Application Allotment
19-Feb-2010 23-Feb-2010 203.00 - 0.00 0.00 - 0.00
Cr. Lead Managers to the Issue
Project Cost 0.00
Project Financed through Current Offer 3,529.94
Post Issue Equity Share Capital 987.46
Issue Price 203.00
Projects
Augment capital base to meet future Capital requi.
Promoted By
President of India
BSE
NSE
Registrar to the Issue
Attention Investor
As per CDSL communiqué Kindly update your Email ID, Mobile Number & Income Range in CDSL demat Account on or before 31st May 2021, Non Compliance Account will be INACTIVE after 31st May 2021. | Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors.  | "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account." | "KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."    Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of Investors.