Overseas investors have emerged as the second biggest shareholder class in Anil Ambani Group's Reliance Power after its promoters, with a 4.62 per cent stake following allotment of shares in its recently concluded initial public offer.
The holding of domestic mutual funds is less than one-tenth of that of FIIs, even though the number of MF shareholders is larger that that of FIIs.
According to the company's post-IPO shareholding pattern filed with the stock exchanges, FIIs were alloted 10.43 crore (104.3 million) shares worth about Rs 4,700 crore (Rs 47 billion) in the IPO, while promoters' holding stands at 203.2 crore (2.03 billion) shares or 89.92 per cent.
Post-IPO, as many as 262 mutual fund shareholders hold about 89.4 lakh shares, representing a 0.4 per cent stake, while the company has 256 shareholders in the FII category.
The promoter class has 14 shareholders, while 61 shareholders in financial institutions and banks category have a 0.79 per cent stake. Besides, six venture capital funds have a 0.01 per cent holding and 16 insurance companies account for 0.24 per cent.
Among individual retail investors, over 41.6 lakh (4.16 million) holding nominal share capital in up to Rs 100,000 have 3.31 per cent stake, while 250 individual shareholders holding shares worth more than Rs 100,000 have 0.33 per cent stake.
The company has 1,194 shareholders belonging to NRIs/ Other Corporate Bodies category, but their holding is just 25,262 shares.
Reliance Power has raised Rs 11,560 crore (Rs 115.6 billion) from the country's biggest ever IPO and is scheduled to list its shares on the bourses on Monday, February 11. The offer price of Rs 450 per share has given it an initial market cap of about Rs 1,15,000 crore (Rs 1.15 trillion).
IPO of Reliance Power attracted over five million bids from all categories of domestic and international investors with a demand of shares worth over Rs 7,50,000 crore (Rs 7.5 trillion), resulting in the offer being oversubscribed by about 73 times.
The portion reserved for Qualified Institutional Buyers, which included the FIIs and domestic mutual funds, was oversubscribed 82.5 times, while that for non-institutional investors received bids for over 159 times the shares marked for them. The part reserved for retail investors was oversubscribed 13.6 times.
With about 42 lakh (4.2 million) shareholders, Reliance Power would become the largest shareholder-base company listed on the stock exchanges. Among the promoters, AAA Project Ventures, an Anil Ambani family promoted firm, and another group company Reliance Energy hold 44.96 per cent each, while 1,000 shares are in the name of Anil Ambani himself.
© 2025