Reliance Power Limited IPO Message Board (Page 252)

BHARATHI, what abt what Nilanjan wrote? What is the source of your info?

wat is the no of shares one could expect to get for someone who hav applied for maximum lot of 225 shares if retail oversubscription comes to around 14??

Hi,

I have heard that everyone in retail category will get allotment. Is this true? I want to apply for 225 shares to get some meaningful allotment but not possible to aplly in full. Is this it confirmed tat if i aplly 25K i wont get partly paid shares..

i m intersted in selling on listing day

Thanks

Hi friends,
Latest News, Those who applied Payment Method - 1. They cannot sell on listing day coz. Its already decided by the Reliance Co., that they will take the 1st call amount only i.e., 115/-. remaining will be refunded. After that they again call for 2nd cum final call for balance payment. so Partly paid members dont excited. U people cannot dispose on listing day. It is confirmed.

Oversubscription in RII is 9.41.

PLease keep us updated about the retail oversubscription....

Thanks a ton...

We seem to be getting a lot of confusing signals and more so from people who have no clue about what is going on. The rule is very clear on the payment methods. Let's say we apply for the maximum allowed under RII category of 225 shares. Total payable at the time of application will be 225*Rs115=Rs25875.Let's assume you were allocated all 225 shares (how we wish!), your total amount due upon allocation will be Rs96750, which is 225*Rs430 (its Rs430 and not Rs450 because of the Rs20 discount to RII). You will be issued a call notice for Rs70875 in the above example.

Now, coming back to the reality on the ground as of today. As of now, oversubscription in RII is about 9 times, meaning you will be allocated 225/9=25 shares. Total payable on this is 25*Rs430=Rs10750. But you have already paid Rs25875. So they will adjust this Rs10750 from the Rs25875, issue you 25 fully paid shares which can be traded on listing day and refund you Rs15125. The only way they could issue you a call notice is if your payment made at application time is less than the amount payable based on the shares allocated to you. The maths is like this. If you get Rs25875/Rs430=60 shares then you have paid exactly which would imply a oversubscription of 225/60=3.75 times. Any oversubscription over 3.75 times would mean your application of 225 shares with part payment of Rs25875 would be covered.

Hope this clears thhe issue.

Now since the over subscription in retail is far more than 4, will the shares alloted for the applications applied using payment option 1 by paying 25875 for 225 shares, if any, be available for seling on the listing day.. please answer.. need a clear picture since a lot money is at stake (or risk)

REL POWER issue is going to be the biggest disillusionment especially for retail investors as only 1 out of 35 applicants may get at the most 15 shares. And since 80 out of 100 such allottees are partial payers, they can not reap the benefits of selling shares on the day of listing.

1 lot on such a big ipo like this that too it may be lottery for retail...? with no big gain on listing what a waste of time ?

may be there are many who might have already done or planning to do stop payment?

with market to dip or crash, buy them in secondary market and save time...

Those who are new take your hands off atleast for some time.

there are more than 1 cr demat a/c in india to get subscribed to 15 times it required 4560000 appl of 225 shares(partly) each which is quite possible due to the hype so it can subscribed nearly 15 times which is possible

can anybody tell me why the central provinces railway co ltd is not being traded since 28.12.07. when it will again start trading

Raj,
Reliance Power IPO- See Page 43/335 DRHP Key Features of the Payment Methods Clause1)d)1.

Its already 9 times subscribed and one day left. Most of you will not get even a single share and finally realise u have wasted time and blocked ur money

Hi friends,
I am trying to apply for this ipo on reliancemoney , there is some confusion over for applying partial payment , could any body help me to do that.

Thanks in advance.

gmp comedown due to every one get min 15 shares surely and gmp dont expect more than 200/- to 250/-

GMP MAY BE DOWN TO AROUND 200/-

Mr Raj Please read the relevent portion of page 11 orf DRHP

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) 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) on the Equity Shares allotted to the
Bidder, we reserve the right to adjust the excess of the amount received 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.

I read DRHP. What I told is correct.

Is that so? I misunderstood. I got info from sites that if the allotted amount is covered by the amount u paid Reliance Power will adjust this and get us fully paid.