Rushh

The market rumors have now become true. Reliance Power IPO is all set to come out soon. According to sources Reliance Energy is planning to take out an IPO for its subsidiary company - Reliance Power. The merchant bankers who will take care of further proceedings will be Enam, JM Financial, JP Morgand and a couple others.

Reliance Power is gunning for the IPO to fund its mega project which needs to be completed soon. The Sasan project is estimated to cost around Rs. 20,000 crore. The company is looking forward to bid for the 4000 megawatt Krishnapatnam project.

The Reliance Power IPO is expected to be of a huge size much bigger than DLF and ICICI. The company plans to raise over 11,000 crores from this.

Tags: Stock Market

The founder of SEO Fusion, one of the most famous SEO company is giving up SEO to follow his dream of writing a novel. He speaks about it on his blog and how he wants to change his life.

Another good article from Amit, on how directory owners should maintain their directories.

Edit - Projects signed up by Jim will now be fulfilled by a British SEM company known as Epiphany Solutions Ltd. The SEO amount for which deals have been done by SEO Fusion comes upto $157,700 USD.

BGR Energy Systems plans to offer shares to the public (close to 134 lakh shares) totaling about 18.7 per cent of the equity including a new issue of 72 lakh shares (10%) and offloading of 62.56 lakh shares (8.77%) held by the promoters.

The company has filed with SEBI for the IPO and is scheduled to be approved by next month.

Edelweiss Capital Limited has filed for the IPO and is going to offer close to 80.30 lakh equity shares with face value of rupees 5 to the public at a premium decided through the book building process.

This is due to be a good IPO and everyone is going to recommend subscribing for it.