Reliance Power IPO subscribed 72.58 times

The initial public offer (IPO) of Reliance Power Ltd (RPL), which closed for subscription on Friday, received overwhelming response from the investor community. The issue was subscribed 72.58 times with the total number of bids received standing at 1,654.80 crore-equity shares against the issue size of 22.80 crore-equity shares as per the National Stock Exchange (NSE) demand graph. The total bids received at the cut-off price were 87.31 crore-equity shares.

The Financial Express
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Reliance-Power-IPO-subscribed-72-58-times/263146/