Reliance Power on to India gone..... Where the hell ad gone,India's power need vanished along with IPO. Strongly beleive that this is a marketing success and not a fundamental story. Wait till 2013 to see real benefit of Rliance power (Who cares)
Today Economics times says that the grey market premium has came down to 160-150. which is till a premium and not a discount ;) Of course it came down from 400 + premium once running. So, I don't think it will open in discount in any case.
On the allotment and the news in cnbc and moneycontrol, every 1L applicant ( 225) will get 1 lot ( 15), this is true because in retail it is subscribed `4.87 times. And of course rest of the bidders like 1 lot/2lot/.../14lot, will together form a full application of 225 shares, hence in the whole bunch of this type applicant, one will definitely get 1 lot. This will be decided on lottery.
To:3156 Dnt worry yaar. Bhoknewale bhokte rahte hai. Kyuki woh sub log pagal ho gaye hai. Reliance power will be list with 190-250 premium. Dnt worry. whenever reliance power will be listed after that market will be up so this time is better to but shares like RNRL, RPL and Kohinoor Food.
WHAT IS THIS POWER ON AND TENSION GONE AND PAISA GONE IS EVERYTHING RIGHT WITH THIS ISSUE OR NOT I HAVE TAKEN LOAN AND INVESTED IN THIS ISSUE SO GUYS PLS LET ME KNOW ABOUT THE ISSUE AS SOON AS POSSIBLE I HAVE LOST FATE IN THIS MARKET EVERY DAY THE MARKET IS KEEEP ON FALLING AND ALL ARE SAYING THAT IT WILL GO BELOW 10000 IS IT TRUE I DONT KNOW WHAT TO DO NOW EVERYBODY ARE JUST SELLING THERE SHARES I HAVE HEAR FROM SOME PEOPLE THAT THE RELIANCE POWER LTD ISSUE WILL LIST BELOW ISSUE PRICE AND PEOPLE ARE ALSO SAYING THAT THEY CAN GET THESE SHARES EVEN BELOW 200 IS IT TRUE PLS HELP ME IN THESE AND PLEASE PROVIDE ME INFORMATION AS SOON AS POSSIBLE. THE GREY ARKET PREMIU OF RELIANCE IS ALSO GOING DOWN DAY BY DAY AND I FEAR THAT IT MAY AVAILABLE AT DISCOUNT TO THE ISSUE IN THE GREY MARKET .
Please do not harrass people that who have applied less than 225 shares will not get any allotment. The news is on money control.com that the 4 lacs investors not get any allotment who had applied less than 225 shares. Other peoples get only 15 shares out of 225 shares applied.