can anybody say whether upper band or lower band to apply for REC IPO. and out of the total subscription upper band application how much and lower band how much? early reply is appreciated. THANKS IN ADVANCE
No use to apply still you won't get any listing gain.Once listed, in current scenerio it will come down to around 75-80 as other IPOs came to minus and then you can buy it from market and then sell it to 10-20% gain may be @ 90-100.
it seems that govt is managing this issue. the big names applying are lic, sbi and all other govt institutions, by help of them govt is creating a hype for this issue.
anybody who holds reliance power shares may hold it for three years (lock in period) & he may eligible for it exemption (within the limit of 1 lakh) so it will save upto 30% (higher bracket) of your income tax. REC may be falling under infrastructure & it will also eligible for such deduction. It is better to invest in equity this way so that it will reduce your incometax & give return in longterm.
Lagao gai to loooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooot gao gai listing ke bade 80rs me mil gayaga lagana khud ke paie mai khuladi marnae hai
REC seems like a well priced IPO with an EPS of Rs 9... PE at 11.5 at the top end and should give decent listing gains. Is likely to get over subscribed 10 times atleast which is excellent given the current market sentiments where the likes of EMAAR and Wockhardt Hospitals had to pull out.