Reliance Power Ltd (R Power) will make its bourse debut on Monday, February 11. Ahead of listing, foreign institutional investors (FIIs) have emerged as the second biggest category of stakeholders in the RADAG company. R Power had concluded the country?s largest IPO on January 18.
FIIs hold 4.62% in R Power while the promoters? holding is at 89.92%. Data filed with the stock exchanges show, FIIs were allotted 10.43 crore shares worth about Rs 4,700 crore in the IPO. while promoters? holding stood at 203.2 crore shares.
Upon listing, the R Power stock would be included in the derivatives segment. An NSE circular said the futures and options contracts on R Power securities will be introduced soon after they open for trading in the cash segment.
Post-IPO, R Power has 262 mutual fund (MF) shareholders holding about 89.4 lakh shares, representing a 0.4% stake, while the company has 256 FIIs as shareholders. The MF holding is less than a tenth of FIIs?.
R Power has 14 promoter-shareholders and 61 shareholders from financial institutions and banks, holding 0.79% stake. Besides, six venture capital funds have a 0.01% holding and 16 insurance companies account for 0.24%. Among the promoters, AAA Project Ventures, promoted by the Anil Ambani family, and Reliance Energy, another group company, hold 44.96% each, while 1,000 shares are in the name of Anil Ambani himself.
Among individual retail investors, over 41.6 lakh holding nominal share capital up to Rs 1 lakh have a 3.31% stake, while 250 individual shareholders holding shares worth more than Rs one lakh have a 0.33% stake.