Mukesh Ambani second largest shareholder in RPL

New Delhi, Apr 12 (UNI) With the Reliance Petroleum Limited (RPL) Initial Public Offering (IPO) to kick off tomorrow, Mukesh Ambani has emerged as the second largest shareholder in RPL behind Reliance Industries, according to the final prospectus filed by Reliance Petroleum.

The shares are held by Mukesh Ambani owned company Fidelity Shares and Securities Pvt Ltd which owns 2.38 per cent of RPL shares.

Reliance Industries Limited (RIL) had owned 100 per cent of RPL, before the Rs 2,700 crore pre-placement last month, Reliance Industries owned 100 per cent of RPL.

Fidelity Shares and Securities Pvt Ltd. has bought 7.5 crore shares in the pre-IPO placement. The third largest shareholder after Fidelity Shares and Securities following the pre-placement is LIC with 2.14 per cent of stake.

Others include, SBI with 1.59 per cent equity shares, Goldman Sachs Investments (Mauritius) I Limited with 1.49 per cent equity shares and IDBI Ltd with 1.06 per cent share holding.

Meanwhile, Reliance Petroleum Limited's (RPL) Initial Public Offer of equity shares will open for bids tomorrow and is scheduled to close on April 20 at a price band set at Rs 57 to Rs 62 per share.

Retail investors have option to pay only Rs 16 per share on application. They can apply for a minimum 100 shares and a maximum of 1600 shares.

The issue will part finance the Rs 27,000 crore export-oreinted refinery being set up in a Special Economic Zone at Jamnagar, Gujarat. The 100 per cent export oriented refinery will have a capacity to process 5,80,000 barrels per stream days making it sixth, largest refinery in the world. As apart of this project, RPL is also setting up a 900,000 tonne per annum polypropylene plant.

RPL is entering the capital market with a public issue of 135 crores equity shares of Rs 10 each for cash at premium to be decided through a book building route to be conducted on the Mumbai Stock Exchange (BSE) and the National Stock Exchange (NSE).

Out of the issue, Reliance Industries Limited (RIL) will subscribe to 90 crore share at the issue in the proposed IPO. For this purpose, RIL has made a payment towards these 90 crore equity shares at Rs 62 per share amounting to Rs 5,580 crore.

The net size of the IPO available to the public is 45 crore shares. Of this, 60 per cent is reserved for proportionate allotment to qualified instituional buyers. Another 10 per cent is being reserved for proportionate allotment to non-institional buyers and the balance 30 per cent will be alotted to retail individual bidders on a proprtionate basis.

Formally announcing the IPO here, picking up from last para of DI, Energy Reliance IPO X X X.

UNI RT MP GC1645