REC will be at Rs.200 in short term. PE is just half of Power Finance.Those who applied for 480 shares or more will get firm allotment.60 shares will be alloted to applicants of 480 shares & those who applied 900 shares will be alloted 120 shares.
TO CALCULATE THE NUMBER OF SHARES U WILL RECEIVE AFTER SUBSCRIPTION OF RETAIL QUOTA.ITS SIMPLE..SAY FOR EG IF U HAVE APPLIED FOR 480 SHARES..& TOTAL RETAIL SUBSCRIPTION IS 8 TIMES...TO FIND OUT THE NUMBER OF SHARES WHICH WILL BE ALLOTED TO U WILL BE = 480 DIVIDED BY 8 = 60 SHARES...SO U WILL BE ALLOTED ONLY 60 SHARES.