Rural Electrification Corporation (REC) IPO Information in India | Indian Stocks to Make You a Millionaire
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Rural Electrification Corporation (REC) IPO Information in India

Posted By On 12:01 PM Under

We found that a lot of people are trying top find details about REC on the web by using the keywords like REC IPO prospectus, REC IPO price band and REC IPO date etc and hopes that the below info on same will be able to answer the questions being searched on the net. The point to note is that FPO is closing on 23 February, 2010

Rural Electrification Corporation Limited (REC): Follow on public offering (FPO) - 171.73 million equity - face value of Rs. 10- Cash at a floor price of Rs. 203, which will constitute 17.39% of its fully diluted post-issue capital. The minimum bid lot has been decided as 30 shares and in multiple of 30 shares thereafter. The FPO consists of a fresh issue of 128.8 million shares by the company and an offer for sale of 42.9 million shares by the government. Thus seeing the prospects of the company one can invest in the stock as it is likely to provide a good appreciation in the medium to long term and another reason for investment is that the stock is made available to a retail investor at a discount.
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