The Infamous Reliance Power IPO

Here are some facts about Reliance Power's Infamous IPO of 2008:

1. Reliance Power's IPO was one of the largest IPOs in Indian history, with the company raising over Rs. 11,500 crore (approximately $2.5 billion at the time) from the public.

2. The IPO was oversubscribed by over 73 times, with investors bidding for more than Rs. 7 lakh crore worth of shares.

3. Reliance Power offered shares to the public at a price of Rs. 450 per share.

4. The IPO was heavily marketed, with the company's founder and chairman, Anil Ambani, personally promoting the offering across the country.

5. After the IPO, Reliance Power became one of the most valuable companies on the Indian stock market, with a market capitalization of over Rs. 1,00,000 crore.

6. However, the company's stock price fell sharply in the years following the IPO, and many investors who had bought shares at the IPO price saw significant losses.

7. The performance of Reliance Power's IPO has been the subject of much debate and analysis, with some experts pointing to the heavy marketing and oversubscription as signs of a market bubble, while others argue that the company's long-term prospects were simply overhyped.

8. The timing of the IPO clashed with the Global Financial Crisis of 2008.

9. Indian Markets started their fall only after the IPO got listed. While this meant that the company was able to gather the money and list at a very premium valuation, the investors simply were stuck.