REC Limited which had come out with a FPO has credited the shares to the accounts of its successful applicants. The share was issued at a floor price of Rs 203. The issue was over-subscribed in the QIB and HNI categories but was undersubscribed in the retail category. During the issue, the stock price had […]

REC or Rural Electrification Corporation Limited has done it. The issue was not only subscribed but this time around it appears that the two big players LIC and SBI have not helped or are not responsible in subscribing the issue. The situation is that they are unlikely to get any shares in this issue. This […]

REC Limited opened for subscription today and received a decent response on the first day. 29% of the issue was subscribed on day one. The QIB portion is half subscribed with subscriptions coming between Rs 204 to Rs 210. The response is for 4.44 cr shares. The non-institutional portion has received subscription of 0.49 cr […]