Surely the partly paid shares can be sold on listing day itself. If and only if the amount paid is greater than or equal to the amount of shares allotted(means total value of shares alloted)
e.g. if you apply for rs 25875 and you get one lot i.e. 15*450 = 6750 you can trade these shares on listing day itself and you will get the balance amount.
There are so many confusions about this Reliance Power IPO
I have made payment option 2 by paying the full amount of Rs. 430 (excluding retail discount). Some of my friends have paid Rs. 450 (without discount) and applied for this IPO.
All Total Confusion indeed. Dont know what the Registrar's are going to do....
hi @ 2004 dhariwal u have included one extra zero in the retail its not 68 crore but 6.84 crores... then total number of demat holdes ,u have mentioned 1100000 (11 laks).. but i read in some blogs, past week alone 10 laks (news not confirmed) new accounts were opened...moreover if u look till today subscription ..retail is subscribed by 6 times.. roughly calculated -around 18 lakh holders have applied (if 3 lakh applicantions were received then its subscribed by one time, so 6 times multiplied by 3 lakhs gives 18 lakhs... plus add the final days subscription..if it subscribes 10 times in retail that u will get 15 - 20 shares for 225 shares u applied...which will give a minimum of rs 5000 on listing day.. so investing 26,000 and getting 5k in 20 days is a safe bet..i feel)
While I appreciate your calculation, I would like to state that your taking of minimum lot is wrong. I have applied for 15 lots. In that case, the number of demat accounts required is 304000 (out of the available accounts of 1100000 - as per you).
LOOT LOOT LOOT HOW ? TOTAL SHARES IN PUBLID = 684000000 REQUIRED DEMATE ACCOUNTS FOR ALLOTMENT = 684000000 DIVIED BY 15 4560000 DEMAT ACCOUNT AVAILABEL IN INDIA [ NSDL AND CSDL ] APPROX 1100000 IF 50% OF DEMATE ACCOUNT HOLDER APPLY FOR MINIMUM SUBSCRIPTION THEN THEY WILL GET 15 SHARES.
WHEN SHARE WILL LIST ANY HOW 75% DEMATE HOLDER WILL SELLERS. WHO WILL BOUGHT HUGE GOODS? ANY ANSWER YOU HAVE ? ? ?
you cannot apply two applications under the same name(s) appearing in the same order in Dmat A/C. However,if you have two seperate joint Dmat a/c where the first name in each A/C is different, then you can apply seperate application from each account. Each application is to be supported by PAN no. which is unique to each indivisal. For a joint application PAN no. of both is to be given. All multiple applications applied in the same first name with the same PAN no. will be rejected.
Sell on the listing day as experts are advising only to have listing gains !!!! the gain would be only due to sound background of ADBA ......... otherwise it has no fundamentals to cheer abt !!!