Reliance Power Limited IPO Message Board (Page 267)

82% of retail subscribed in Reliance power till now source newswire

Guys does anyone knows till current time how much is subscrobed in Retail.. Anyone knows any site for this?

1767 Shweta
Dont worry your amount will be refunded within 20 days. I have applied many Ipo's through sharekhan so relax..

Rajubahi,
We are not fool here.
I have seen you appling heavily

Hi
I have a question regarding IPO in icicidirect. I applied for RELPOW IPO for 225 shares with part payment. But instead of the cut off price, i applied at 430/-. Now i learnt that there are less chances of me getting the shares alloted. Could someone let me know if i can modify the bid and apply for the cut off price. If yes, please let me know how to do it.

Thanks in advance.
Subramanya

Hello everyone
Do anybody tell how many times RPL subscribed in retail space untill now?

Dear Arti(message # 1760), further to Mr. Subramanya -- i applied thru ShareKhan, so didn't go thru the prospectus. Is there any condition which says we won't get our money refunded? please let me know

Arti(message # 1760), further to Mr. Subramanya -- i applied thru ShareKhan, so didn't go thru the prospectus. Is there any condition which says we won't get our money refunded? please let me know

If I have applied in part payment option for 225 shares and by chance I have been allocated 225 shares but I am unable to pay rest of the amount in 21 days then what will happen to my refund/shares.

Be careful ICICI customers even if you are applying for listing gains....from all users last 5-6 IPO experience, ICICI direct Web site is suprisingly not available/down on listing days !!

avoid rpl

Hallo!

There is no real comparison for RPL in the Indian context. There are large listed players like NTPC and Tata Power (also Reliance Energy) that can be talked about as comparables for RPL. But these companies have steady revenue streams unlike RPL, which shall generate its first business income possibly in 2010, when Phase I of the Rosa project gets commissioned. In this context, readers need to go back a bit in the past.
RPL's promoter, Reliance Energy's proposal to set up the world's largest gas based generation unit almost 4 years back but is yet to materialise. We recognise that this particular project has suffered because of political influence and infighting between the brothers on the fuel issue. But that is the point. Mega projects attract mega headaches.

What is the guarantee that these sorts of issues will not dog the ambitious power plans of RPL? We are not saying that it is a bad project or that the management of RPL cannot make this work. But these are time-sensitive issues that can hurt the returns on any project. These are serious issues.

As far as valuations are concerned, we believe that other listed power generators are available at much attractive levels than RPL (where there is no underlying business to calculate the valuations!). Even if one were to assume the equity value post the IPO, which will be around Rs 137 bn (at the higher price level of Rs 450 per share) or a per share value of Rs 61, the price to book value at which the issue has been priced is 7.4 times.

Compared to this, India's leading public sector banks, which have a long and good track record and earning return on equity (RoE) of nearly 14% to 16% are available at almost 3 to 3.5 times book value.

Alternatively, we have calculated the equity value of RPL using a 20-year discounted cash flow model (10 years of investment phase and 10 years of growth phase). We have assumed the company's RoE to range between 14% and 19% (19% because we expect some part of the capacity to be available for merchant users where RoE can touch 30% levels) and a discount rate of 12%, which is in fact lesser than Infosys' 14%. This way, the equity value of the company comes to Rs 338 per share. This is 25% lesser than Rs 450 at which the IPO has been priced at the higher end. Our cash flow estimates underpin a best-case scenario for the company as we have assumed that all planned projects will be commissioned on time, which in itself is questionable.

Finally, even if the price of RPL doubles on the listing day, the company's market capitalisation will be higher than NTPC's, which already operates over 28,000 MW of generation capacity and plans to take it to 51,000 MW by 2012.

Overall, considering the execution risks involved, expensive valuations and serious corporate governance issues, we would recommend our subscribers to 'AVOID' applying to the IPO.
equitymaster.com

Avoid Reliance Power in this choppy market

Subramanya ji,
You have not read the propectus carefully and appling for a share worth of 1 lakhs??
now you will face problem of refund and all other things

dear ayan
210 and 225 are both multiple of 15 and as there is a discount of 20rs for retail customer the fig comes below 100000

Hi,
You can bid for RPOWER in part Payment(115) today as well though ICICI direct, there is two option in ipo section

Payment Option 1 and Payment Option 2 go from Payment Option 1

By default there is Payment option 2 selected, change it to in payment option one

Avoid R Power

Mr. Kartik 1740
You are right but we want anil to become richest indian also i know that Mr Mani no 1753 is right & has absolutely correct in his judgement.
but stock market is for chance & we cas see ntpc @ 260 & rpl @800 so this is it

Is there any option to convert from part payment to full payment. I have applied for 225 shares in part payment mode. People are saying that application applied for part payement will be allocated the stock after 28 days. Now analysts are saying after 28 days Reliance power stock will come down below Rs400 as there is no revenue till 2010 and most of the people will sell in listing day. Plz guide us.