Reliance Power IPO subscribed over 6 times

• Anil Ambani group's Reliance Power IPO generated a demand of over Rs 78,975 crore within one hour of its book building process, that started on Tuesday morning.

• According to the latest data available on the National Stock Exchange, the IPO got subscribed over 6.75 times till 11 a.m. in the first day of its public issue.

• Most of the bids came at Rs 450, the upper end of the price band making it the country's largest ever IPO with an estimated proceeds of Rs 11,700 crore, bankers close to the IPO said.

• Reliance Power has a diversified portfolio of 13 medium and large-sized power projects, under development and strategically located at various places across India.

• With an installed capacity of 28,200 megawatts, the Reliance Power IPO will significantly contribute to reducing the demand-supply gap for the power in the country at competitive rates.