” The Bid must 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 by the 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 including the amount payable by Due Date for Balance Amount Payable) In case of revision of Bids, the Retail Individual Bidders have to ensure that the Bid Amount does not exceed Rs. 100,000. In case 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 determined at the end of the Book Building Process. “
For all the retail guys again,dont get confused,the application says- at cut-off price the max. Number of equity shares that can be bid for retail individual bidder is 225
regret the typo... 14 lots or 210 shares (max for retailer) kindly drill that thru.. for gods sake we are trying to help.. so that your applications dont get rejected.
I said it before,,,,, NK Jain said it before... and a lot of people said it... still we have a lot of KNOW-IT-ALL guys who advocate 225 lots for the IPO...
Kindly go thru this /stockmarket/Reliance_Power_ipo_payment_options.asp
For the last time 210 lots only and the retail discount will come as the refund.
Upper Price Band (Rs 450/-) Lower Price Band (Rs 405/-) Shares Amount to be paid (In Rs) Shares Amount to be paid (In Rs) Full Payment - One Lot 14 (1*14) 6300 (14*450) 15 (1*15) 6075 (15*405) Full Payment - Max for retail 210 (14*15) 94500 (14*15*450) 240 (16*15) 97200 (16*15*405) Partial Payment - One Lot 14 (1*14) 1610 (14*115) 15 (1*15) 1725 (15*115) Partial Payment - Max for Retail 210 (14*15) 24150 (14*15*115) 240 (16*15) 27600 (16*15*115)
which method is best to apply in Rel Power IPO Method 1 Partly paid up 225 @ 115/- Method 2 Fully paid up 225 @ 450/- Please tell me good option.........urgent
.Dear All, Kindly go for the partial payment option because the issue is going to heavily subscribed from the Retail side so even if you apply for 1 Lakh you will hardly get 1 market lot.So if you opt for partial payment option still you will get refund i,e ( 25875 - 1 market lot value ).So your shares will not be locked on the day of listing.You will be able to sell ...