DEAR INVESTORS, TOTAL WORKING DEMATE ACCOUNTS IN NSDL ARE 6913379 TOTAL WORKING DEMATE ACCOUNTS IN CSDL ARE 3811032 TOTAL ACCOUNTS 10724411 SHARES OFFER FOR RETAIL IN RELIANCE POWER 68400000 TOTAL DEMATE ACCOUNTS WILL USED FOR ALLOTMENTS= 6840000/15 = 4560000 TOTAL DEMATE ACCOUNTS AVAILABLE/4560000 = 2.35 IT MEAN IN EVERY 3 ACCOUNTS WILL GETS RELIANCE POWER ALLOTMENT FROM EVERY 7 ACCOUNTS [ IF ALL APPLIES FOR SUBSCRIPTION]
I don't think whether this issue goes for lottery in retail segment for cut off price (225 shares) applicants. All the new comers, I bet applied yesterday itself. Now overall, the retail portion will be subscribed at most by 5-6 times. So those who applied/ applying at cut-off will guarantily get allotment.
Rahul(1711) - It depends upon the way karvy allots shares and how much it is oversubscribed, but most probably, it will be 15 shares to those who applied at cut-off for full lot. Again it will be lottery based, so no one can guarantee you that you will get 15 shares. All that can be said is most of the investors (investing at cutoff for full lot) will get 15 shares.
Aftab(1710) - If you applied for 225 shares under partial payment option, you invested Rs 25875. If you get shares e.g. worth Rs. 20000, then you will get a refund of Rs 5875, and all your shares will be considered as fully paid, and you can sell all your shares on listing day itself.
This and future capital may go on lottery as retail subscription is getting applying aggresively...i think every one will not get a bite in reliance power even thou its soooooo big issue.
i think save your money on these two or block your money & try your luck.
With the current trend of market going south...I dont think its good idea to apply aggressively.
Can anyone tell me that if I apply for part payment for full lot, and If I get allocated shares of amount less than the partial payment which I made. Do they consider that as full payment or they return the money and notify me to pay the remaining Instalements.
SIMPLE & INTELIGENT WAY TO KNOW HOW MUCH RELAINCE POWER WILL SUBCRIBE IN RETAIL SIDE 1. I GO CHEQ NSDL & CDSL WEBSITE HOW MUCH DEMAT ACCOUNT OPRATING IN THE INDIAN MARKET CDSL-2,10,789 NSDL-87,856-2,98,645/-DEMAT ACCONT WHO WILL APPLY FOR REL POWER NOW COMES TO HOW MUCH REL POW OFFERING IN RETAIL CATEGORY-68400000-IF ALL RETAIL INVESTRE APPLY FULL 225 SHARES,IT WILL COME UP LIKE THAT DP ACCOUNT -2,98,645*MULTIPLY BY 225 SHARES=446951255 IT MEANS- REL POWER RETAIL OFFER SHARES 68400000*MULTIPLY BY 6 &1/2 TIMES=478800000 FINAL SUBCRIPATIONS WILL BE 6 TO 8 TIMES IN RETAIL CATEGORY THANK U,FR MRE JOIN
Finally it has been proven that Ambani's still rocks in the share market. People are crazy applying for the company of Ambani's stable. Jai ho Anil Bhaiyya ki...
there chittorgarh has updated the total over subscription atlast. waiting for the break up to see the retail subscription values... thank you team chalo bhai log... it will get listed at 800 :-)
but on this site http://www.bseindia.com/bookbuilding/newbookbuilding.asp?scrip_cd=209&scripname=Reliance+Power++Limited&status=L&ir_flag=IPO they tells that this IPO is over subscribed by 532.85% means only 5 time what is the true fact?