THIS IS THE BEST CHANCE TO SALE THE APPLICATION AND APPLY. BECAUSE IT SEEMS THAT PERHEPS THE PREMIEUM WHICH ARE AT CURRENT MAY NOT MAINTAIN. THIS IS A BIG BIG ISSUE. RELIANCE PETRO BHI KAFI DINO TAK JYADA NAHI THA
1326,Raj please answer Others also can answer if they know, Q: In part payment option can we apply for cut off price or not? Or will we get the shares at cut off price only automatically, if the offer price is reduced in case there's not enough demand in Retail.
I do not know what type of enjoyment and satisfaction people have by using others name where as if someone wants to catch hold of the people who they do such things is very easy because every person on board has a different IP Address like mine I have 122.161.108.50. Nut Prasadji I fully Agree with you it is 225 at Cutoff
People are still talking about how to get the allocation. I am sure in the second week of listing the shaes will be available below the listing price. Already Equitymaster said to Avoid this IPO
DEAR N.K JAIN I AM POSTING THIS MESSAGE FROM APPLICATION FORM WHICH I GOT FROM RELIANCE MONEY WEBSITE.ITS CONFIRMED 225 SHARES MAX. Maximum and Minimum Bid Size: (a) For Retail Individual Bidders: The Bidmust be for a minimum of 15 Equity Shares and in multiples of 15 Equity Share thereafter, so as to ensure that the total Bid Amount (including revision of Bids, if any) payable bythe Bidder does not exceed Rs. 100,000, net of Retail Discount. At the Cut-off Price, the maximum number of Equity Shares that can be Bid for by Retail Individual Bidders is 225. (Investors may note that Total Bid amount is not just the amount payable at application but the entire amount payable for the bid includingthe amount payable by Due Date for Balance Amount Payable) In case of revision of Bids, the RetailIndividual Bidders have to ensure that the Bid Amount does not exceed Rs. 100,000. Incase the Bid Amount is over Rs. 100,000 due to revision of the Bid or revision of the Price Band or on exercise of option to bid at Cut-off Price, the Bid would be considered for allocation under the Non-Institutional Portion. The option to Bid at Cut-off Price is an option given only to the Retail Individual Bidders indicating their agreement to Bid and subscribe to Equity Shares at the final Issue Price as determied
Open - 21 Jan Close - 24 Jan Issue Type -100% Book Building Issue Issue Size - 35,00,000 Equity Shares Of Rs. 10/- Each Issue Price - Rs 125/- to Rs 135/- Per Equity Share Maximum Subscription Amount for Retail Investor: Rs 100,000/- Listing - BSE, NSE Lead Manager- Collins Stewart Inga Private Limited Registrar - Intime Spectrum Registry Ltd Phone - 022 2596 0320 Email - swapann@intimespectrum.com Website - www.intimespectrum.com Minimum and Maximum shares for retail category - 1 lot -50 shares and 14 lot - 700 shares. Minimum and Maximum amount for retail category - 1lot - Rs 6750 and 14 lot - Rs 94500 @ cut off. Application Multiple - 50 and in multiples there off starting with atleast 50 shares Cheque In Favour Of - "Escrow Account - CCIL Public Issue - R" For Retail category.
The confusion is getting deeper and deeper. The RHP on reliance power site as well as SEBI site clearly shows the max no. of shares as 225 (Page numbers 257 and 262).
Does someone have a more authentic proof than the RHP on SEBI site? I would be very happy to see one.
Everyones doubts will be cleared when online application starts. I think lot shud be 210. If you will enter 225 it will raise error that max bid quantity in this category is exceeded. So wait and watch.
Dear Manoj(1321), I am not able to understand whom to believe. The URL that you refered to is from Chittorgarh.com (which says that you can apply for 210 shares max), but if you see the Red Herring Prospectus at this URL, http://www.reliancepower.co.in/html/pdf/Red_Herring_Prospectus.pdf , you can see at the bottom of page 257, it is written clearly: ## At the Cut-off Price, the maximum number of Equity Shares that can be Bid for by Retail Individual Bidders is 225.
Can someone show me some more authentic URL which make it clear what is the max number of shares we can bid for 225 shares or 210 shares?