The subscription data is as of 4.00 pm for all categories of investors and not just retail. The Qns is why is RPL just subscribed 3.5 times at cutoff? Am I missing something.
You are absolutely right!!! Reliance is driven by TRUST! AMBANIS have created this RELIANCE EMPIRE not for becoming SELF RICH, but for creating the wealth for others, for RETAIL INVESTORS...IF YOU WONT GET THE ALLOTMENTS, ANIL BHAI will pay money from his pockets!!! YOU JUST APPLY and WAIT!!! WEALTH will search for you and come to you..
for 2171 & 2164: This site is working as a guide for many beginers. Dont spoil the spirit. It is waste of your time, as no body is ready to take your advise
IPO already oversubscribed more then 15 times for retail, Which means ratio is 1:2 as of now (So 1 will get 15 shares for every 2 applications). If it goes more then 15 then it will be lottery.... system
We are retail investor not the trader,so think always in the long term.The first power plant is going to start by jan 2009 & three others have been in construction pahse.Reliance have plan upto 2016 to take it into full swing. If the shares will go down after the 3-4 days of listing do not worry.It will give u good return,after all it is "Reliance brand-a icon of trust of Indian investor & FII.
Which is 68.81 times oversubscribed abd 3.5 times at cut-off price. So on full application of 15 lots, retail applicants can expect 4 - 5 lots allotment.
Looks very ackward that the issue is oversubscribed at cutt off price only 3.5 times. can some one give more information
2164 (Buck man), Not only Bill Gates, our other US counterparts like Warren Buffet, George Soros, Mittals, Mark, Slim, Jack, Dick, etc all are in queue. They thought of applying for this through IPO... But as because our markets were going down, they thought of buying the shares after the BIG LISTING DAY!!! And at around Rs. 430....AT ANY COST, PLEASE DONT SELL THE SHARES on the listing day itself...IT WILL REACH Rs. 45000 before 2010...
Since 3.85 times oversubscribed at cutoff price, will all investors who applied in full lot at cut-off price, will get 5 lots of allotment. Can some experts throw light on this?
As mentioned by some of my friends here, Tuesday and Friday are auspicious days for Reliance and incidentally 8th February is a also a Friday. According to kaaldotcom and astrogurusdotcom, Shani will reach 8th place from it's 6th place on 8th Feb and it's good for ANIL Bhai (Reliance ADAG) and all we investors...And the shares will be listed around 830 and will reach 1575 by end of that session. And gradually will go down to 450...Try to sell all your shares on the listing day itself for big gains...