Rural Electrification Corporation (REC) | |
Period | 19-Feb to 22-Feb 2008 |
Size (Equity Shares) | 156,120,000 |
Type | 100% Book Building |
Face Value | Rs. 10- |
Price Range | Rs 90 to Rs 105 |
Market Lot | |
Max shares Retails investor can apply at cut off | |
Registrar | Karvy Computershare Private Ltd |
Registrar's email | rec.ipo@karvy.com |
Lead Manager | IL&Fs Investsmart Securities Ltd, ICICI Securities Ltd & SBI Capital Markets Ltd |
Listing | BSE, NSE |
Grading |
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About the company | |
Estd: July 25, 1969. Wholly owned Government of India Public Sector Enterprise with a net worth of Rs. 3779 Crore. Its main objective is to finance and promote rural electrification projects all over the country. It provides financial assistance to State Electricity Boards, State Government Departments and Rural Electric Cooperatives for rural electrification projects as are sponsored by them. | |
Objects of the Issue | |
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 | |
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