IPO Watch: Reliance Petro IPO

RPL has attracted many investors who are willing to invest for long term in the company. The Stock Holding Corporation of India (SHCL) has said that many small investors have opened a demat account only to subscribe to the issue. According to Dr. Kislay Kishore, head of business development at SHCL close to 50,000 new demat accounts were opened during the last few months and around 25% would be due to the RPL issue.

The IPO's grand success could be measured by the number of applications that it recieved. The IPO of NTPC held the previous record of 14.2 lakh applications. The RPL IPO is over subscribed by 51.47 times and got the largest ever application of 21.3 lakh. The book size of the IPO is 1,43,500 crore, which is double of the previous highest book size of ONGC at Rs. 72,000 crore.