A PROJECT REPORT ON RELIANCE POWER IPO

SUBMITTED TO:SATYENDRA SINGH SUBMITTED BY:ABHIMANYU SINGH JIML-11-FS-001

RELIANCE POWER LTD.

Reliance Power Limited a part of the Reliance Anil Dhirubhai ambani group, was established to develop, construct and operate power projects in the domestic and international markets. Reliance Energy Limited, an Indian private sector power utility company along with the Anil Dhirubhai Ambani Group promotes Reliance Power. Along with its subsidiaries, it is presently developing 13 medium and large-sized power projects with a combined planned installed capacity of 33,480 MW. The company was incorporated in January 1995 as Bawana Power Private Limited and changed its name to Reliance Delhi Power Private Limited in February 1995. Later, it changed its name to Reliance EGen Private Limited in January 2004, to Reliance Energy Generation Limited in March 2004, and to Reliance Power Limited in July 2007.[2] The company website identifies project sites broadly to be located in western India (12,220 MW), northern India (9,080 MW) and northeastern India (4,220 MW) and southern India (4,000 MW). They include six coal-fired projects (14,620 MW) to be fueled by reserves from captive mines and supplies from India and abroad, two gas-fired projects (10,280 MW) to be fueled primarily by reserves from the Krishna Godavari basin (the "KG Basin") off the east coast of India, and four hydroelectric projects (3,300 MW), three of them in Arunachal Pradesh and one in Uttarakhand

WHY RELIANCE POWER REALESED IPO:Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects. The Reliance ADA group is one of the biggest business group in India involve in business like telecommunications (Reliance Communications), financial services (Reliance Capital), media and entertainment (Adlabs Films), infrastructure, energy (Reliance Energy REL, Reliance natural resources RNRL, Reliance Energy Transmission and Reliance Energy Trading) and other sectors. Reliance Power Limited is currently developing 13 medium and large sized power projects with a combined planned installed capacity of 28,200 MW across various geographic locations in India. First project of Reliance Power is expected to go onstream in 2009. Company intend to sell the power generated by these projects under a combination of long-term and short-term PPAs to state-owned and private distribution companies and industrial consumers.

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to 1. Fund subsidiaries to part-finance the construction and development costs of certain of 12 power generation projects currently under various stages of development; 2. General corporate purposes; 3. Achieve the benefits of listing on the Stock Exchanges.

DETAILS OF IPO:Reliance Power IPO oversubscribed 73 times

BANK RUNNING LEAD MANAGER:BRLM Kotak Mahindra Capital Company Limited UBS Securities India Private Limited ABN AMRO Securities (India) Private Limited Deutsche Equities India Private Limited Enam Securities Private Limited ICICI Securities Limited JM Financial Consultants Private Limited J P Morgan India Private Limited CO BRLM Macquarie India Advisory Services SBI Capital Markets Limited ISSUE PRICE:- Rs 450 PRICE BAND:-Rs 405 to Rs450

ISSUE SIZE(LAKH SHARES):- Public issue of 2280

FACE VALUE:-Rs10 LISTED AT:- BSE,NSE DATE OF LISTING:- 11.02.2008

DATE OF ISSUE:- 15.01.2008 TO 18.01.2008

IPO RATING :Reliance Power Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above

average, in relation to other listed equity securities in India and by ICRA Limited as ICRA IPO Grade 4, indicating above average fundamentals.

IPO PERMORANCE

OPEN PRICE:-RS 89.80 CLOSE PRICE:-RS 89.75 VWAP:- Rs 90.43 52 WEEK HIGH:- 176.25 52 WEEK LOW:- 75.10 FACE VALUE:- Rs 10 TRADED VOLUME(SHARES):- 18,33,128 TRADED VALUE IN LAKHS:- 1657.70 This ipo has not performed well as the the current price of shares is to less than the issue price.The investors are not satisfied by their permomance.Reliance power has not cheer their investors. As it was oversubscribed 73 times the expectation of the members was too high but today the scenario is totally different.The current price is Rs 89.75.