MUMBAI, March 12 (Reuters) - State-run lender Rural Electrification Corp <RURL.BO> <RURL.NS> on Wednesday listed at 124.60 rupees on the BSE, 18.7 percent above the issue price of 105 rupees a share.

The shares were trading at 122 rupees at 9:56 a.m, after touching a high of 128.40 rupees.

The 156-million-share offer, a mix of fresh shares and sale by the federal government, raised 16.4 billion rupees. The government's now owns 81.8 percent, down from 100 percent.

(Reporting by Narayanan Somasundaram; Editing by Sunil Nair) (([email protected]; 91 22 6636 9068; Reuters Messaging [email protected])) Keywords: RURAL LISTING/