Mukesh Ambani-controlled Reliance Petroleum Ltd will be listed on the bourses on May 11.
RPL's over 449 crore shares of face value Rs 10 each would be listed on the stock exchanges, a circular on the Bombay Stock Exchange said.
The company, whose maiden IPO opened on April 13 and closed on April 20, had offered 45 crore shares to the public. The proceeds from the IPO would be used to part finance its upcoming Rs 27,000-crore (Rs 270-billion) refinery at Jamnagar in Gujarat.
Besides the Rs 2,700-crore (Rs 27-billion) mop up from the public offer, the company had raised Rs 8,100 crore (Rs 81 billion) through equity sale.
Of the total 180 crore shares that were on offer, RPL had in early April raised Rs 2,700 crore through a pre-IPO placement made to foreign funds, financial institutions and banks at Rs 60 a share.
Reliance Industries, the parent company, subscribed to 90 crore shares at Rs 60, leaving the public with 45 crore shares -- the price for which was also fixed at Rs 60.
The IPO had received an order book of Rs 143,000 crore (Rs 1,430 billion), which was double the previous record held by state-owned ONGC.
The IPO was subscribed 51.47 times the size of the issue. The quota for Qualified Institutional Buyers was subscribed 68.2 times, that of high networth individuals by 60 times and retail investors by 15.2 times, with as many as 21.3 lakh retail applications received.
The new refinery, which would have a 580,000-barrels-per-day capacity, would be located adjacent to Reliance Industries' existing 660,000-bpd refinery, making it the biggest refining facility in the world.
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