So if many people start pulling the application back, then who applied in partial payment mode will be liable to pay (may be upto 1 lakh) since the subscription will go down now. That is not a justice. Everyone who applied in any mode (online, paper etc) will still be treated in the same way. If not it is an issue what SEBI should look into. Online subscription gives a facility for the retil investor without applying through papers. If it has drawback like this then that is injustice.
Subu man who told you that we can not do stop cheque..I fI had issued one cheque and the person did not submit the cheque I can order the bank to stop the payment..I had also stopped the payment of my 7 applicationsThose who had applied online can not stop the cheque
To, Subu Man 25,875 has not been debited till 11 am today. I siphoned out my money from my a/c. Now our check will be bounced out. Our application will be disqualify from fray. Now the share numbering approx 15 will be distributed among successful applicants whose checks will be successfully debited.
You can withdraw u'r applications if u have filed paper applications rather than applying online. In that case, you can do stop payment of cheque as IPO closed only on friday and it will take 3 days for cheque to be cleared.
It's official now...Because of Secondary Market Crash, the listig date of REPower has been postponed by almost 3 weeks...So, we can expect the listing in the first week of March and expect huge gains as well...
Do not bluff saying you have stopped the cheque payment. It is NOT possible. If such option is there then for every IPO people will start pull their application back. Then the statistic showing the subscription will stand wrong. All applications registered on or before the issue close date will be considered fro allotment.
In this way, as it is clear many more applicants thru-out country are withdrawing their Rel Power applications - It will be approx 12 times over-subscribed in the IPO. [(Assuming checks of 2.8 times applicants will be bounced)]
And the applicants who will stick to Rel Power will get more shares in comparison to before.
I stopped all my 16 Reliance Power Applications Check Payment thru banks. It is worthless to get Rel power shares in this situation. I would invest my all this 1.25 lakh fund in blue chip shares tomorrow.
Market has fallen down. It gives Golden Opportunity to buy shares in secondary market. Just STOP PAYMENT of your cheque of Reliance Power IPO. Use that money to buy Power Grid, NTPC, IFCI and LNG PETRONET in secondary market. You will not get such opportunity to buy these shares at such a cheap price. You will earn much more than Relaince Power IPO. Today, I have already stopped the payment of my all five applications. I have used that money to buy shares of Power Grid, NTPC & IFCI.
dear "2518 power uninturpted", do you get paid for spreading such news or u urself are the fortune teller... I never saw, read, heard anyone make such comments! And y did u chose 2021... it cud have been 2020/ 2025 any year for that matter...
Also, 2021... which month, which day and what time exactly? :-))