Reliance Power - Fourth largest IPO

Reliance Power’s $3 billion initial public offer (IPO) is the fourth largest in the world this year. It will be the biggest in India, toppling the recent record held by DLF when it was launched on June 15 and was worth Rs 9,188 crore.

Data sourced from Thomson Financial revealed that the Indian IPO volumes totalled Rs 39,621 crore (excluding Reliance Power) from 70 issues in the first nine months, marking its highest on record and also toppling all full year IPO volumes previously.

The largest IPO floated in the current calender year globally was by a Russia-based bank, OAO VTB Bank, valued at $7.99 billion. China Citic Bank floated the second largest IPO worth $5.95 billion, while Blackstone Group that mobilised $4.75 billion was the third largest.

With the IPO mobilisation of $6.84 billion so far in the current calendar year, India is the seventh largest IPO market in the world with a 3.5 per cent market share - up from just 1.6 per cent in the corresponding period last year.

If one adds the proposed $3 billion worth IPO of Reliance Power and $1.50 billion by Emmar MGF, the total IPO mobilization will cross $11.35 billion in the current calendar year. This will placed India at sixth position, after United Kingdom.