Reliance Power set to open IPO market on high note

The spin-off from Reliance Energy is expected to attract good demand despite its greenfield status.

While Reliance Power may not be a stock for short-term investors to consider, the company is poised to get the Indian IPO market off to a good start this year. The greenfield power producer is seeking to raise between Rs105.3 billion and Rs117 billion $2.7 billion to $3 billion, which will make it the largest Indian IPO ever û ahead of property developer DLFÆs $2.25 billion deal in June last year.

According to terms set last week, Reliance...

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