Going public means converting your closely-held company to a widely held one. Reliance Power shows the way to go about it
The IPO by Reliance Power was the most awaited
public issue of FY 2007-08. Thus the unprecedented oversubscription of the issue by 73 times was not a big surprise. Rather, it was expected. The brand name of Anil Ambani and the goodwill of Anil Dhirubhai Ambani Group can be said to be the foremost reasons behind the issue proving to be a hit among investors who grabbed it with both hands. In short, Reliance Power’s plan to raise money through a public issue for 28,000 Megawatt project for 2016 was a runaway success! Keeping the aforesaid risks in mind, it is also easy for all to forecast that people who invested in this IPO would make money.
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Source : IIPM Editorial, 2008
The IPO by Reliance Power was the most awaited
public issue of FY 2007-08. Thus the unprecedented oversubscription of the issue by 73 times was not a big surprise. Rather, it was expected. The brand name of Anil Ambani and the goodwill of Anil Dhirubhai Ambani Group can be said to be the foremost reasons behind the issue proving to be a hit among investors who grabbed it with both hands. In short, Reliance Power’s plan to raise money through a public issue for 28,000 Megawatt project for 2016 was a runaway success! Keeping the aforesaid risks in mind, it is also easy for all to forecast that people who invested in this IPO would make money.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
