Reliance Petroleum's maiden public issue that opened on April 13 has been subscribed 30.9 times the 45 crore (450 million) shares that are on offer.
The total booking orders crossed Rs 80,000 crore (Rs 800 billion) already, against the Rs 2,565 crore (Rs 25.65 billion) and Rs 2,790 crore (Rs 27.90 billion) the company planned to raise at the lower and upper end of the price band, respectively.
The quota for qualified institutional buyers was subscribed by 38 times, that of High Networth Individuals by 12 times and retail investors by 6.8 times. Over 10 lakh applications from retail investors alone were received, market sources said.
RPL had fixed a price band of Rs 57-62 for the IPO, which comprises of 135 crore shares of which Reliance Industries would subscribe to 90 crore (900 million) shares and the balance would be offered to the public.
Sixty per cent of the shares on offer have been reserved for QIBs, while 4.5 crore (45 million) shares have been blocked for non-institutional investors. Retail investors can get a maximum of 13.5 crore (135 million) shares.
The RPL shares are expected to be listed on the stock exchanges between May 5-10.
RPL, a subsidiary of Mukesh Ambani's RIL, plans to spend Rs 27,000 crore (Rs 270 billion) on the new 580,000 barrels-per- day refinery, next to Reliance Industries' 660,000-bpd refinery at Jamnagar in Gujarat.
Do you want to discuss stock tips? Do you know a hot one? Join the Stock Market Investments Discussion Group
© 2026