I agree with you. Let people do not spread rumours. But Mr. Nilanjan, you know most of the broking firms (like icici) submit the applications only the on the last day of the offer, that is today. Hence, by all means, there are bright chances that the retail subscription be oversubscribed by 15 times at the end of the day.
(2090. RK), After reading these many blogs/articles, Still if you have a feeling that this IPO is for long time investors, then our ANIL BHAI also can not save you....You can start accumulating the stocks of REPower from the year 2010 onwards, but not now...
I don't know what people get by posting baseless and useless messages. Those who do this know who you are. Please refrain from posting such messages.
Oversubscription as of now seems to be 9.88 times, I don't know how people are getting 15 times.
As for the merits of part and full payment, I think right now it makes sense to apply for part payment (one reason is that it is available and makes better use of your money) due to reasons mentioned in my previous post. I don't see why I should have my money tied up with someone else for 2 or more weeks when I will not get interest nor full allocation for my entire payment. Additionally, the IPO marlet will see a lot of action in the next few weeks, I rather allocate money towards those IPOs, maybe even participate in the secondary market on existing stocks or newly listed stocks. Part or full payment decisions will also be inflienced by your investment horizon for REPL. Those holding for MT to LT are not bothered whether they can trade on listing day or not.
After reading lot of nonsense I have decided to paste this , plz go through it thoroughly and then decide urself dont ask others at it only increase the confusion, its ur money nd you can only take call , i hope no one intimidated the individual retail sharholders to bid for the IPO. Key Features of the Payment Methods 1) Payment Method – 1 a) Only Retail Individual Bidders and Non-Institutional Bidders are eligible for this method. QIBs cannot submit a Bid under this Payment Method. b) While bidding, the Bidder shall make a payment of Rs. 115.0 per Equity Share, irrespective of the Bid Price. Investors should note that the total Bid Amount will be used to determine whether a Bid is in the Retail Individual category, Non-Institutional category or not, and not the amount payable on submission of Bid-Cum-Application Form. c) Under Payment Method-1, of the Rs. 115.0 paid while bidding, Rs. 2.5 would be adjusted towards face value of the Equity Shares and Rs. 112.5 shall be towards share premium of the Equity Shares applied for. d) At the time of allotment: 1. If the amount paid by the Bidder is equal to or higher than the total amount payable (being the Issue Price multiplied by the number of shares allotted, net of Retail Discount) by the Bidder on the Equity Shares allotted to the Bidder, we reserve the right to adjust the excess amount towards the Balance Amount Payable and issue fully paid Equity Shares only. The excess amount, if any, after adjusting the Balance Amount Payable shall be refunded to the Bidder (i.e., Refund = Total amount paid on bidding minus the total amount payable on the shares allotted). 2. If the amount paid by the Bidder is less than the total amount payable by the Bidder (being the Issue Price multiplied by the number of shares allotted, net of Retail Discount) on the Equity Shares allotted to the Bidder, we reserve the right to adjust the excess of the amount received 12 from the Bidder over the Amount Payable on Submission of Bid-cum-Application Form towards the Balance Amount Payable and issue a Call Notice for the balance. 3. The notice of the Balance Amount Payable will also be published in two widely circulated newspapers (one each in English and Hindi) and a regional newspaper along with the statutory advertisement for the Basis for Allotment. e) Equity Shares in respect of which the Balance Amount Payable remains unpaid may be forfeited, at any time after the Due Date for Balance Amount Payable. f) Indicative timetable for payment and corporate action with respect to Balance Amount Payable under 2(d)above:
Some people like Bull Raja are confusing others. As per SEBI Guidelines, applications made in between the offer dates (15th to 18th) deserve the same treatment. First Come First Served basis can never be applied as per law.
Hi all.. Please dont confuse yourself and others.. Everyone will get share, apply for Part Payment, if you have excess money you can invest in Full Paymnet .. Even you apply in Part Payment you can trade your shares on listing day. New comers still with confusion can call me 9960568960
What is the fuss. Invester (real) would like to hold this stock atleast for 1 - 3 year(s). So it does not make any difference whether he can sell on listing day or not. It's basically short term gainer who want to sell on listing day and they are quite intelligent in opting the full payment option. I think, most of applicant who want to remain in the stock, must have opted for part payment. Pl. stop wasting space on this site over this issue.
Bharathi, pls dont confuse others on the portal, by spreading rumours. You probably need to go through the DRHP pg 14. FYI... the excerpt is pasted here.
STOP confusing people!!
In the event the Issue under the retail category is oversubscribed by 4 or more times as explained in the Illustration 4 and Illustration 5 in the table above, no further amount will be payable on allotment. Excess amount after adjusting the full amount payable for the shares allotted will be refunded.
Bharathi, pls dont confuse others on the portal, by spreading rumours. You probably need to go through the DRHP pg 14. FYI... the excerpt is pasted here.
STOP confusing people!!
In the event the Issue under the retail category is oversubscribed by 4 or more times as explained in the Illustration 4 and Illustration 5 in the table above, no further amount will be payable on allotment. Excess amount after adjusting the full amount payable for the shares allotted will be refunded.
Bharathi, pls dont confuse others on the portal, by spreading rumours. You probably need to go through the DRHP pg 14. FYI... the excerpt is pasted here.
STOP confusing people!!
In the event the Issue under the retail category is oversubscribed by 4 or more times as explained in the Illustration 4 and Illustration 5 in the table above, no further amount will be payable on allotment. Excess amount after adjusting the full amount payable for the shares allotted will be refunded.
Bharathi, pls dont confuse others on the portal, by spreading rumours. You probably need to go through the DRHP pg 14. FYI... the excerpt is pasted here.
STOP confusing people!!
In the event the Issue under the retail category is oversubscribed by 4 or more times as explained in the Illustration 4 and Illustration 5 in the table above, no further amount will be payable on allotment. Excess amount after adjusting the full amount payable for the shares allotted will be refunded.
Shocking news for all those who couldn't apply on the very first day (i.e. 15th January). It has been already decided by Reliance ADAG, that the allotments will be done on "First Come First Serve" basis. That means, for the guys who applied after 15th January, the chances of getting the allotment are extremely low. And it is officially confirmed!