As I think, Our Market is going to crash heavily after budget, So our govt has arranged this IPO very wisely before the exact budget. Please take care and avoid this issue to save your valuable money. If market will run in positive zone, so many good issues will come and you will earn big amount. And if our market will crash nobody can save you . So I advice everybody to wait and watch and do not apply in any issue before budget.
"Reliance Power Limited IPO has been graded by CRISIL Limited as CRISIL IPO GRADE 4/5, indicating that the fundamentals of the issue are above average, in relation to other listed equity securities in India and by ICRA Limited as ICRA IPO Grade 4, indicating above average fundamentals." now what happened to those fundamentals?
another ipo goin to crash overvalued acc to market sentiments as of now DO NOT APPLY IF U APPLY U WILL GET FULL ALLOTMENT SEE THE FATE OF RELIANCE POWER
See, what is happening to Rel Power! Listed and quoting at discount on the opening day......Ha...ha.... God forbid, if it continues to slide in the days to come.... it might be foretelling about the prospectus of the REC issue.
I am really astonished by the optimism being displayed by so many people on this forum. may god save them! Please donot go by their optimism. Situation of the market as well as the pricing of the issue .... both are horrible.
GOLDEN OPPORTUNITY TO EARN SHORT AND LONG TERM GAIN.ONE SHOULD APPLY FULL QUOTA TO ENCASH SUCH OPPORTUNITY.ITS POWER SECTOR PSU JUST LIKE PFC,POWER GRID & NTPC.
Seems like ok types ipo... may not grow like NTPC / PGCIL... but should be able to list and trade around 125/-. I think worth apply if you have the money...
The Govt of India has also joined the rank of greedy promoters by pricing this issue around Rs. 100/=. Considering the turbulance in the market coupled with the investors in sever jittery, the Govt should have priced the issue in the range of 50-60 ( the Powrgrid/NTPC issue price), instead, they have priced it even more than the issue price of PFC. May God save this issue.
this is IPO is verty good and company is performing very well and EPS is also good and p/E ration is also 10to 12. so every body may catch such good IPO
63 Vinoth - You are a foreteller. You can also tell how the indian economy will do this year, what will be the inflation rate in April, What amount of tax concessions/fresh taxes Mr. Chidambaram will be levying? If you can predict the sensex would fall to 12500 level. You can very easily predict these also.
manish alone is planning to invest in REC. so giving negative, but anyhow when listing mareket is nowhare like 12500 only index, so manish may be right, keep it up manish, good iq and foresight and research, discussions for point no 61 & 62