Rural Electrification Corporation Ltd. IPO Message Board (Page 40)

Pl.don't spread rumours

1 Qualified Institutional Buyers (QIBs) 91330200 3589707840 39.3047
1(a) Foreign Institutional Investors (FIIs) 2019127260
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 897848460
1(c) Mutual Funds 672732120
1(d) Others 0
2 Non Institutional Investors 15221700 412800360 27.1192
2(a) Corporates 220888020
2(b) Individuals (Other than RIIs) 121253880
2(c) Others 70658460
3 Retail Individual Investors (RIIs) 45665100 350656620 7.6789
3(a) Cut Off 331684800
3(b) Price Bids 18971820
4 Employee Reservation 3903000 3672960 0.9411
4(a) Cut Off 17460
4(b) Price Bids 3655500

hi vinoth 532,
SEBI AND IT PEOPLE WILL BE KNOCKING YOUR DOORSTEPS SOON. DO NOT REVEAL THE NO. OF APPLICATIONS, THOUGH IT MAY LEGAL.

Mr. Pankaj, your calculation is wrong. please explain how get 165??

Person applied 900 Shares will Get approx 165 Shares

Person applied 900 Shares will Get approx 165 Shares

522 vivek, u r calculations are marvellous , i have applied 37 applications of 900 shares * 105 cutoff each, so how much will i get, i have paid 94500 in each application * 37 applcations, let me c how du u calcul;ate

I want to buy REc @ 120 per share

pls tell me your contact details

Company Expected Allotment Date Expected Refund Date
REC Limited 7th March 10th March

Grey Market Premium
22 to 25

Dear friends,
I am junior to this share market.
I applied for 240 shares @ rs.105/- each. Is there any possibility of getting shares? If, how many? I will be grateful if any body comments on this?
Bhaskar

Hi all ,I have applied for 300 shares how many i am likely to get.pls let me know

All investors wait you are going to get jackpot from REC which may list at apr

Sorry there was a typo error

pls read the cut off rate @ 105 Rs instead of 90 for the retail portion which was oversubscribed by 2.5 times (approx ) in retial category

what will happen to retail investors who have applied in REC @ 90 Rs --- will they get allotment @Rs 105 or their bids will be rejected???

i have read it somewhere that most of the bids in retail category were @ 90 Rs.

The retail bid has been oversubscribed 2.5times approx at cut off (i.e) @ Rs 90

will n e one can throw some light and share his view on this..........

Hi every body. can some body tell the grey mkt premium of REC.
thanx

Prakash you have applied for 420 shares.
Well, according to me if you have applied at cut-off then you should get
Least No. of shares = {(420*105)/7.3}/105 = 57shares
It is less than 60 i.e the minimum no. of shares but as i have said in my last message that i have set my formulae by assuming that every investor applying at cut off has applied for 1 lakh,but in reality every investor has not applied for 1 lakh so you must get at least 1 lot i.e 60 shares
*so you must get at least 60 shares*

i have applied for 420 shares. How much will i get

well,REC has been subscribed approximately 7.6789 times.For retail investors total reserve shares were 45665100 and issue oversubscribed 7.6789 times so bids for 350656620 no. of shares have come, out of which 95% bids are at cut off i.e 333123789 no. of shares i.e 7.3 times. Now if every investor who has bidded at cut off has subscribed for whole 100000 then every investor will get at least {100000/(333123789/45665100)}/105=124 no. of shares .So every investor bidding at cut off for 100000 Rs will surely get at least 2 lots i.e 120 shares.Surely if you have bidded for x amount then my formulae for least no. of shares you must get is
Least No. of Shares You will get = (X/7.3)/105.
surely least no of shares must be greater than 60.even if it is b/w 30-60 you may get 1 lot because in my whole calculation i have assumed that every investor bidding at cut off has subscribed for 1 lakh.
*So all the best for every investor.*

dont spread rumour abt grey market premium. its going to be listed at arnd 120-125...dont expect more than that. excellent for long term.

Either 100% or 0% as these are the only two possibilities.