11th May 2006: The Reliance Petro scrip was listed at Rs 100 per share on Thursday. With the Reliance Petroleum IPO garnering commitments equal to half the FDI China receives in a year, Reliance Group Chairman Mukesh Ambani said the investors in its greenfield refinery project will be "rewarded in full measure".
"Investor thrust in RIL will be rewarded in full measure," he said before RPL listing on the bourses.
The IPO of 45 crore equity shares was over-subscribed 53 times with commitments made for Rs 143,000 crore or 32 billion dollars. "This is the largest for any greenfield project anywhere in the world. It is half the FDI China receives in a year and six times the FDI India received in a year."
Overwhelmed by the investors' response to RPL's IPO, Ambani said, "No word would be enough to express gratitude.... I welcome 12.6 lakh new investors to the Reliance family, and particularly to the Reliance Petroleum."
Expressing confidence in the Indian market he said India today is one of the most vibrant capital markets of the world.