Reliance Power coming Feb March November 22nd, 2007 Reliance power is not coming this year. SEBI has some problems with its prospectus and Reliance Power and Mr Anil Ambani group has to clear all the doubts.
So if everythings goes in the right way, Reliance Power may come next year Feb-March.
We must convey our thanks to all seasoned players who gave valuable commentry yesterday on this issue and its subscription. This was really a training session for the new comers. Hats of to Chittorgarh.com for this site.
The IPO Edelweiss Capital Ltd is subscribed 111 times. The Retail Portion of the IPO is subscribed approximately 17.2 times. All Retail applications will now be selected by Lottery. Here is the final Breakup of subscription.Heavy Demand from FIIs. 1 Qualified Institutional Buyers (QIBs) 4908965 751790752 153.1465
2 Non Institutional Investors 818160 134427576 164.3048
You are right. Cut-off option is available to those employees who apply below Rs.100,000. For those eligible employees who can apply above Rs.100,000 this cut-off is not applicable.
In that case, the chances are 23 out of every 25 applicants will get allotment (assuming that there is no rejections for those who apply at cut-off for technical reasons or otherwise). Thanks for correcting.
Hello Kamal (385), you would have been right if Employee can't subscribe more than 1lac, which they can . Employees who subscribe more than 1 lac, apply at max. price and not at cutoff. Around 90% of employee subscription is from senior personnel and hence they would not be removed as they are at max. price. Cutoff is allowed upto 1lac (for retail & employe.)