Reliance Energy is about to file the draft red herring prospectus (DRHP) with SEBI for the Reliance Power IPO. The shares of Reliance Energy touched an all time high today on rumors of Reliance Power IPO. Reliance Power is a 51% subsidiary of Reliance Energy. Reliance Energy and the other reliance groups companies have witnessed a strong rally in their share prices in the past few trading days. Reliance Power IPO is tipped to be one of the largest IPO’s to hit the capital market. The Reliance Power IPO is expected to raise over 11,000 crores making it larger than the DLF IPO and the ICICI Bank FPO. When get in touch with, the Reliance Energy management declined to comment on the Reliance Power IPO saying as per the company’s policies they do not observation on market rumours. The show the way managers of Reliance Power IPO are Kotak Mahindra Capital and JM Financial. It is said that the DRHP for Reliance Power IPO is probable to be filed in the coming few days.
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