Anil Ambani's Reliance Power has got 4.3 million investors after its larget IPO in Indian capital market history subscription. But each investor, who has applied for the issue, will get only 15 shares each in IPO .4 lakh investors, who has applied for less than 225 shares, will not get any allotment. 3 lakh applications disqualified.
@A.TRIPATHI Dear friends i feel that due to the negligance and not submitting forms of ipos in proper time by some firms investors like us are facing penalty.who is ultimately in loss.its hard earned money and as our friend mentioned 6 applications with Rs 25875 nearly Rs 1.5 lakh amount blocked and companies are enjoying with interest.
Sir, Due Respect, I am worry to inform that i and my friends group apply for 6 full application of Reliance power ipo and deposit them at Reliance Security Branch Office at Alwarto Mr Aman on Dated 17/01/2008.Our application details attached with this e-mail.All Six applications are return back to us without any irregulerityu and without presentation to any Bank.I suppose that all application form are not despatch to concern write on time and did`t punch any where .This is 100% falt of Rel Sec Br Alwar.Please help and support me at this crusial time.A Tripathi.09414315763.Relience Power IPO APP FORM DETATIL FORM NO NAME OF APP NO. OF SHARES AMTT IN TOT CHQ/DD NO. DATE 41956649 AMIT KALRA 225 25875 ICICI 103811 17/07/2008 41956867 ANJU 225 25875 BOR 807728 16/01/08 41956645 RAJESH K VERMA 225 96750 ICICI 209283 16/01/2008 41956866 ANIL K GUPTA 225 25875 BOR 807726 16/01/2008 41956713 ARTI TRIPATHI 225 25875 BOR 785996 17/01/2008 41956674 KEDAR P RAWAT 225 25875 BOR 496408 16/01/2008
NEW DELHI: Anil Ambani owned Reliance Power Limited, which had come out with the country’s biggest ever IPO, will complete the allocation of shares by Thursday and commence refund of excess application money on February 1.
Hey Guys now thats for sure everybody is getting 15 Shares so do not get confused with the postings like people getting full & Firm Allotment of 225 Shares
Ambani !!! the company has profits of 15lacs!! thats hilarious and a price of 450 means its overpriced 7-8times than even better company's like NTPC etc
3111. DONNNNNNNNNN: I don't see it is the case. Its quite logical that every full application 15 lots applicant will get 1 lot ( 15 shares0 because it was subscribed 14.87 times in retail section. Now say, somebody has applied for 1 lot ( 15 lot), so 15 people like this sum together makes a full application. So, out of 15 people of 1 lot applicant category, 1 is going to get 1 lot( 15 shares). So, you might be unlucky if you hear 14 applicants among your friends and relatives ( of 1 lot applicant ) didn't get any allocation. You know what happened to future capital ? In one family, they didn't get a single lot even if they applied for 4 lacs ( four full application). Because FCH was subscribed 55 times in retail, hence out of every 55 applicants of full application, only 16 could get allocation. It's just game of chance and distribution in proportion. All the best.