Hi,Iam Jitendra I sent six application.please tell me which rate open per share. How much share i can recive per application out of 225. pratapgarh(Raj.)
RHP of reliance power , pls read this carefully!!! wat approval do we have to take from the RBI
"Amount Payable on Submission of Bid-cum-Application Form in case of Retail Individual Bidders and Non-Institutional Bidders, is Rs. 115.0 per Equity Share, such that it shall not be less than 25% of the Issue Price and Balance Amount Payable shall be paid by the Due Date for Balance Amount Payable. All Non Resident Bidders availing the option of Payment Method-1 are required to submit a copy of an approval from the RBI allowing them to subscribe to the partly-paid up Equity Shares. Under Payment Method – 1, out of the Amount Payable on Submission of Bid-cum-Application Form, Rs. 2.5 is towards face value and Rs. 112.5 is towards premium"
Grounds for Technical Rejections Bidders are advised to note that Bids are liable to be rejected on, inter alias, the following technical grounds: 1. Amount paid does not tally with the amount payable for the highest value of Equity Shares Bid for; 2. Age of First Bidder not given; 3. Bids by minors; 4. PAN not stated and GIR number given instead of PAN; 5. Bids for lower number of Equity Shares than specified for that category of investors; 6. Bids at a price less than lower end of the Price Band; 7. Bids at a price more than the higher end of the Price Band; 8. Bids at Cut-off Price by Non-Institutional Bidders and QIB Bidders whose Bid Amount exceeds Rs. 100,000 and Bids for more than 225 Equity Shares at the Cut-off Price by Retail Individual Bidders only; 9. Bids for number of Equity Shares, which are not in multiples of 15; 10. Category not ticked; 11. Multiple Bids; 12. In case of Bid under power of attorney or by limited companies, corporate, trust etc., relevant documents are not submitted; 13. Bids accompanied by Stockinvest/money order/postal order/cash; 14. Signature of sole and/or joint Bidders missing; 15. Bid cum Application Form does not have the stamp of the BRLMs, the CBRLMs or the Syndicate Members; 16. Bid cum Application Form does not have the Bidder’s depository account details; 17. Bid cum Application Form is not delivered by the Bidder within the time prescribed as per the Bid cum Application Form and this Red Herring Prospectus and as per the instructions in this Red Herring Prospectus and the Bid cum Application Form; 18. In case no corresponding record is available with the Depositories that matches three parameters namely, names of the Bidders (including the order of names of joint holders), the depository participant’s identity (DP ID) and the beneficiary account number; 19. Bids for amounts greater than the maximum permissible amounts prescribed by the regulations. 20. Bids by OCBs; 21. Bids by U.S. residents or U.S. persons excluding “qualified institutional buyers” as defined in Rule 144A under the Securities Act; and 22. Bids by person who are not eligible to acquire Equity Shares of our Company, in terms of all applicable laws, rules, regulations, guidelines and approvals.
yes mohan u r right.its clearly mentioned even in bse website under ipo prospectus-reliance power page as follows:
Don’ts: (a) Do not Bid for lower than the minimum Bid size; (b) Do not Bid/revise Bid to a price that is less than the Floor Price or higher than the Cap Price; (c) Do not Bid on another Bid cum Application Form after you have submitted a Bid to the members of the Syndicate; (d) Do not pay the Bid amount in cash; (e) Do not send Bid cum Application Forms by post; instead submit the same to a member of the Syndicate only; (f) Do not Bid at Cut-off Price (for QIB Bidders and Non-Institutional Bidders); (g) Do not fill up the Bid cum Application Form such that the Equity Shares Bid for exceeds the Net Issue size and/or investment limit or maximum number of Equity Shares that can be held under the applicable laws or regulations or maximum amount permissible under the applicable regulations or under the terms of the Red Herring Prospectus; (h) Do not bid at Bid Amount exceeding Rs. 100,000 (for Retail Individual Bidders); (i) Do not Bid for more than 225 Equity Shares at the Cut-off Price (for Retail Individual Bidders only) (j) Do not submit the Bid without the QIB Margin Amount, in case of a Bid by a QIB; (k) Do not submit Bids accompanied by Stockinvest or postal order or money order; and (l) Do not submit the GIR number in stead of the PAN as the Bid is liable to be rejected on this ground.
Check Page # 257 in the below link Red Herring Prospectus at this URL, http://www.reliancepower.co.in/html/pdf/Red_Herring_Prospectus.pdf. Its clearly given as Retail Cut off is 225 shares.. Part Payment - 115*225 = 25875.....
A discount of Rs. 20 to the Issue Price determined pursuant to completion of Book Building Process shall be offered to Retail Individual Bidders.
rpl does not has the fundamantals so apply only for listing gains.as per cnbc tv 18 today the premium has already crashed to 300 rs from 450 so everybody beware
Help me plz... Can we say that for RPL Rs 24150 (using partly payment upper priceband) is equal to 94500(using full payment upper price band)??????????
hello N.k.Jain (Ip 140) i want to take dd for reliance power today.so kindly tell me max 225 shares or 210 ?my demat account is at different place so i need to send dd