Reliance Power Limited IPO Message Board (Page 280)

issuse is already fully subscribed!!!!1

For Retail investors with Part-Payment Option - for MAX no of shares:
225 shares at 430/- each = 96750/-
One has to pay 115/- per share for 225 shares = 25875/-

1507.vivek...thank you for the simple explanation of applying through Icicidirect.

Can some one explain how to apply under the part payment option for maximum no. of shares at the cut off price (should we consider 450 or 430 -post discount??) in icici direct.com. and what should be the share quantity (225 or less , bcoz at 450 the value of 225 shares f=goes beyond 1lac).

Retail Investors payment amount detail on application for Reliance Power IPO

Application Lot Size: 15
Issue price at upper price band: Rs 450/-
Discount to retail investors: Rs 20/-
Issue price for retail investor at upper price band (after discount): Rs 430/- (450-20)
Max lot at upper price band (Rs 450/-): 15 Shares as per Mod(100’000/430*15)

Upper Price Band for retail category (Rs 430/-)
Shares Amount to be paid (In Rs)
Full Payment - One Lot 15 (1*15) 6450 (15*430)
Full Payment - Max for retail 225 (15*15) 96750 (15*15*430)
Partial Payment - One Lot 15 (1*15) 1725 (15*115)
Partial Payment - Max for Retail 225 (15*15) 25875 (15*15*115)

/stockmarket/Reliance_Power_ipo_payment_options.asp

Guys... Just now i applied with ICICI.... you have to apply at cut off if it is not full payment. Cut off price is 450 ..they will give 20 /- discount

225 * 115 = 25875/-

just Click on Cutoff - option 1 and 225 number in ICICI

Dear JD

Why the applications will get rejected if we apply 225 shares under part payment option.

Kindly let us know.

Amit

Dear Guys

The retail portion of this IPO is definitely going to oversubscribe by 8 – 10 times. In this case, the retail investors will definitely be able to sell after listing and will make listing gains.

Don’t worry as the power sector has huge potential.

One more thing which I don’t understand is that why the hell people are saying that there are huge risks associated with the execution of these power plants. I believe that this particular risk is part of damn every project and where these guys had gone when IPOs of other big giants had come in the recent past. That time nobody talked about the execution risk.

These people are only dampening the spirit of retail investors.

I think retail investors should not worry at all

Amit

Dear All,

Dont apply for 225 in part payment. Applications will be rejected.

Apply 225 @ Rs 430

What is the maximu quantity retail investor can order for Relaince Poower IPO with price band in upper limit as Rs 450/?

Do we need to consider discount while placing an Order?

Is it qty 210 @ Rs 450/?

OR

Is it qty 225 @ Rs 430/?

Please clarify. Thanks

Dear
This IPO will definetly suscribe 7-8 times.But if u applied for partly paid option@Rs 115/- for full application i.e. 225 shares. in my openion u will gate around 30 shares partly paidup & balance amount will be refunded to u to avoid heavy selling pressure on listing day as same will not be allowed to list. After 26 days when balace amount will be paid by individual partly paidup shares will be convereted in fully paidup. then after one month it will traded. So to get listing gain apply for full payment option.

Gray Market premium for Reliance Power is 440-445 and for Future Capital Holidays 630-635

I would say it is better to apply for full payment option. specialy if you want to book listing gains. ICICI FPO took 4-5 months to unlock shares. Good luck.

Hi Everyone..
Anyone please tell me if i go for Part Payment Option of Reliance IPO and in case i get's shares allocated calculating value more then i have paid, how much time will it take to unlock the shares ?
if i pay the rest amount on the day they declare status..is it anyways possible to trade my shares on the day of listing ?

Was anyone able to apply thru HDFCSec for part payment option..
I am getting a value error since the total value is 1 lakh and my held amount is 25875 only? Is there some problem in the HDFC site?

I think vivek is facing same problem. I thinks in part payment we cannot apply at cutoff or it acutomatically considers it at cuoff ie 430 for retail.

Manish,

Then tell me what price i should enter ?? On entering 115 i get error that its not in range of bid price and while selecting cutoff at 225 shares i get error that value is more. If i put price as 430 without selecting cutoff it works fine.

JD,

No thats not true. In part payment option one pays Rs. 25875 and can apply for 225 shares, i.e. 115 * 225. When you go for part payment option, in case of oversubscription of more than 4 times, you need to pay the remaining Rs. 430 - Rs. 115 after 12 days of listing for getting the remaining shares.

So, your chances are not reduced in part payment. Cheers!

Manish

HI SATISH,

USE COMMON SENSE.........
U CAN USE DEMAT AFTER 10 AM FOR RELIANCE POWER IPO..