Since Reliance Power has alraedy been subscribed more than 4 times, thus even the people who have applied for partial payment will get fully paid share, thus can sell on the listing day.
We need not to worry what will happen on listing. Every body who applies for IPO goes for listing gains (Atleast majority) and it is very common thing in market. REPL is also not different. No need to worry If we sell Mutual funds/QIB will give the buying support. Again people also do the short covering which inturn will give suport at lower levels.
One last thing "What we will do if on Listing REPL is available at 450 rs" I think we will surely buy it for long term gains. So be happy it will not tumble on listing day.
Dear HARSH(1972) Suppose a person submits an application on 15th,and then again submits another application on the 16th with the same pan number but may be with a different dp, then the second application is the one that will be rejected.This is because the first one has already been hosted in the bse/nse server.
I have applied for 225 shares. Can anyone clarify beyond how many times oversubscription will the lucky dip method be implemented for making the minimum (15 lot) allotment?
Shyam, It is very likely that you will get 1 lot.i.e. 15 shares.
Today the retail subscription has gone upto 8 times so everybody will get less than 30 shares. But if the retail subscription goes above 15 times then 1 lot is also not sure and there will be lottery system but there are fair chances that retail will get 1 lot firm.
Dear all, Since the Reatil side already subscribed more than 4 times, nobody is going to get shares more than 25000 Rs. There is no point in applying with 1,00,000 lac / fully paid application. Go for part payment option.
YES Sudhanshu, You are absolutely right. This is why everybody is betting on this IPO. Pay 25875 and get 5-6 thousand on listing. The is issue is subscribes more than 4 times yesterday itself so no chance of 26 days delay. Now it is 100% sure that we can trade on listing day itself by doing part payment
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
Dear Friend, Based on Busines channel on TV,Partial payment holder can sell their share after 26 days of listing. My doubts is after paying 25875 Rs for 225 share, if i get 30 share (30*430=12900)then what is problem to sell my share on listing date because still i should get the my refund(25875-12900=12975). According to my calculation if any person get 60 share(60*430=25800) even though he can sell his share on listing date. So person who applied for 225 share as partial payment and gets less than equal to 60 share can sell on listing. This is my on opinion. if im wrong plz correct me. Thanks
thanks pooja , to get the subscription link go to nse india site than rel ipo check nse bse demand divide the no of shares bid at cut off to 68400000 shares of retail u will get the subscription figure