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The Reliance Power initial public offering (IPO) is ready to hit the street on January 15 in a price band of Rs 405 to Rs 450. Each share has been priced at Rs 405 at the lower end and Rs 450 at the upper end of the band. The company plans to offer the retail investors or those applying for Rs 1 lakh will get a 5 per cent discount.
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Equity can either be private or public and these terms are often used in the press. In the transition from the former to the latter there is typically an IPO. Public equity is also known as stocks or shares.
