as per gray market value listing figure is 900 to 1100 so dont worry and apply for BGR, Reliance will be in the month of Jan, mean while you will get refund and might encash the listing profite also.
Refunds get delayed because of 2 reasons. One could be if you get your refund by post ( if you have not given the instruction to your dp for ecs credit). Second is if you have wrongly mentioned your client id. In such a case the only way for the registrar to send you, your refund is from the address provided by you in the application ,which is done after all the refunds are sent, this could slightly delay your refund.
If you are careful in writing the details in the application form , then the chances of refund getting delayed is reduced.
i m new to the ipo ,, i read that there are some people who didnt get thier refund back. Can you tell is this possibble in ipo . is there any kind of risk
I think you should go for BGR. The reasoning for the same is as under. 1) you will get your refund by 28-29 of this month. 2) Reliance could also open during this period. However before the close of reliance the refund of BGR should come. 3) Reliance power issue according to informations, they wont' ask for full payment. Only part payment has to be made. 4) The company will ensure that the issue is open when there will no other issue and also all the refunds are into once account.
That is my reading.Please revert with your comment and queries.
Before applying get the answer of the folowing : 1 Why BHEL has black listed this company for three years ? 2 On the price band PE works out to be aroun 120 to 140 where as PE of all the company operating in this sector such as BHEL,L&T,ABB, Simans,Alostom projects are 80 to 50,Why should you buy a business from unknown company at such high premium when better company in the sector are available at much cheaper rate? 3 The company 4 months before change the name to BGR Energy ,the BGR is the initial of Promoter and Entered in agreement with Promoter to pay one million rupees for using prometers Initials as if prometers are Word fame trade mark, classic way to siphone the money from company, is this practics justified? When company is comming out public issue in december 07 Why result up to June 07? Can promoter be classified as Honest & sincere ?