Intelligent Investor

Renu Energy Limited (ASX: RNE) - Float & IPO Details

Current share price for RNE : $0.006 0.002 (25%)

Renu Energy Limited (RNE, formerly Geodynamics Limited) is a power producer which delivers clean energy products and services to its customers at a lower price, with no upfront cost. ReNu Energy's purpose is to drive the transition to a low carbon future. It does this by investing in renewable and clean energy technologies and identifying and developing hydrogen projects to create stakeholder value, enabling the transformation to a low carbon future through collaboration and innovation.

Renu Energy Limited (RNE) floated on the Australian Securities Exchange (ASX) on Thursday, 12 September 2002.
RNE's current share price of $0.01 is a -$0.49 or 98.80% discount to its original offer price of $0.50.

RNE Float / IPO Details

Offer Open Date13 Aug 2002
Offer Close Date30 Aug 2002
Listing Date12 Sep 2002
Issue Price$0.50
Amount Raised$15,500,000
Shares Issued (new)23,000,000
UnderwriterN/A
ConsultantsHetherington Exploration and Mioning Title Services P/L, Prof. H Niitsuma (Technical report)
AuditorErnst & Young

RNE Float / IPO Performance (relative to an issue price of $0.50)

Current Price$0.01-98.80%
First Day Openn/an/a
First Day Highn/an/a
First Day Lown/an/a
First Day Closen/an/a
All-time High$0.16-69%
All-time Low-100%
12-month High$0.05-90.20%
12-month Low-100%

Other floats & IPOs around the same time as Renu Energy Limited (RNE)

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FOL FutureOne Limited 26 Aug 2002 10 Sep 2002 9 Oct 2002 $0.55
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BRK1 BreakFree Limited 12 Aug 2002 9 Sep 2002 13 Sep 2002 $1.00
VCN Vulcan Resources Limited 31 Aug 2002 10 Sep 2002 $0.25 $0.11 -56%
JEL1 Jacobsen Entertainment Limited 14 Jun 2002 30 Aug 2002 4 Sep 2002 $1.00
AOH Universal Resources Limited 15 Jun 2002 12 Jul 2002 3 Sep 2002 $0.20 $0.12 -40%
EVN Westonia Mines Limited 19 Jun 2002 31 Jul 2002 20 Aug 2002 $0.20 $4.05 1,925%
PET IMT Holdings Limited 24 Jun 2002 19 Jul 2002 16 Aug 2002 $0.20 $0.03 -87.50%
MCG Macquarie Communications Infrastructure Group 22 Jul 2002 9 Aug 2002 13 Aug 2002 $2.00 $2.99 49.50%

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