RPL will also offer a discount of Rs 20 per share to the retail investors.

RPL has also decided that the high net worth individuals and retail investors will have the option to pay only Rs 112.50 on the application and the balance to be paid on allotment. The IPO is scheduled to open on January 15 and close on January 18, 2008. RPL, through this IPO proposes to raise between Rs 10,500 - 11,500 crores, which will make it largest IPO in India. 

The company proposes to issue 26 crore equity shares of Rs 10 each and the issue will constitute 10.1 per cent of the post-issue paid-up equity capital of RPL will use the issue proceeds for funding subsidiaries to part-finance  construction and development costs of power projects under development.