Reliance Power IPO generates demand worth Rs 2.05 trillion

• An initial public offering (IPO) by Anil Ambani Group firm Reliance Power on Thursday made history with the IPO attracting bids for shares worth Rs 2.05 trillion, highest in the Indian primary capital market.
• The issue is closes tomorrow. According to the latest data available on the Bombay Stock Exchange, the IPO received bids for 452.43 crore shares as against the 22.8 crore shares .
• The demand for the Reliance Power IPO has surpassed that of Mundra Port and SEZ, which had generated the biggest demand for its initial offer last year receiving bids worth about Rs 2,00,000 crore with an over-subscription of 115 times, while the IPO of state-run Power Grid Corporation also generated demand worth about the same level.