Long term market is good as per the Indian economy.This is the perfact time to enter the new comers for investors. buy some items as follows : For long term - TCS, INFOSYS, WIPRO, POWER GRID, RPL For short term - Decolight, RNRL, ZYLOG, FCH, REL ENE. For medium term - R. POWER, BGR ENERGY, goodrick, GSPL, HFCL, MUNDRA PORT, ADANI, PARSVANATH, UNITECH, TRANS & RECTI.
Hi Aki, 592 How do you know that REC oversubscribed 2.2 times at cut off price. We know that it is around 8 times in retail. Please furnish your info for better understandings. Why because REC will consider allotment only at cut off price, so those who applied at cut off price only got chance for the allotment.
Having witnessed previous power finance company's listing performances i firmly believe that this will open at 210 and will make a day high of 230-240... Happy trading
REC IPO at the cut-off price of 105 was ONLY oversubscribed 2.2 times overall!!! Does that mean that if the IPO price is set at 105, only the ones who have bid at the cut off price would get allotment?
when is the allotment date if is 7 march as someone said in comments above then its to late. people need there money back bit quick as bull my take over the market from there.
Is there any good analysis suggest my profile? Right now I have below Shares. What you think about my profile . It is good and I will hold the shares for 1 yrs.I purchase this for current price.
1. EDELWEISS CAPITAL 2. GVK POWER & INFRA 3. MUNDRA PORT & SEZ 4. NTPC 5. OMAXE LTD 6. PARSVNATH DEV 7. REL NATURAL RESOURCE 8. REL PETRO 9. RELIANCE POWER 10 WIPRO
I heard that most of the subscription for REC IPO is at the lower band. So can anyone please explain is this 7.8 times oversubscription in retail is 1.The figure of all application or 2.application with cutoff only.
If it the first case them all application whose bid is less than cutoff (as the price is fixed as 105) will be rejected and hence more shares will be allocated.
I heard that most of the subscription for REC IPO is at the lower band. So can you please anyone explain is this 7.8 times oversubscription in retail is the figure of all all application or application with cutoff only.
REC - A very good fundamental company As per gremarket site - Allotment expectation is 120 to 130 shares for the application of 1 lakh (maximum) in the retail category. - Retail category subscribed nealy 8 times, QIB - 39.3047 times and HNI - 27.1192 times. - QIB category shown huge interest in the issue. - A big PSU bank demanded Rs 900 crore in REC shares. - Gulf based funds applied for more then Rs 850 crore. - Singapore based Mutual funds have applied for Rs 700 crore. - Shanghai bank asked for Rs 800 crore
I want 2 say about the Reliance Power the Co. on Sunday Declared Bonus (3 shares for every 5 shares held).
But the fact lies that there are many shares which are PARTLY PAID UP which first has to be made FULLY PAID UP and as per RULE only Fully Paid Shares are entitled 2 Bonus Shares. So 1st all the PARTLY PAID SHARES are 2 be converted into Fully Paid Up.These whole Procedure of converting shares in2 Fully Paid Up will take around 2 or 3 months.
After that the Company will declared the Record Date which is again take 2 to 3 months.
These means the whole proceess will take 6 to 7 months
Thats why the RELIANCE POWER Board has not declared any record date for BONUS ISSUE.
Reliance Told us they will declared the BONUS but when they will declared that they have not yet declared .