Varun or Kishankumar Still you are not logged as Kishankumar. but any way you can get the cheque cleard if the bank account no is corretly printed on the cheque.
I am in a kind of dilemma by following gujrati style of getting allottment. I am applying in 5 demat accounts in the name of family members. That includes my 5 year old son. Reliance money person told me that his PAN no. is required.
1) Can I Give my PAN no as a proxy for his application?
See my name is A. Kishankumar without space in Dmat of sharekhan.
My bank account is with axis bank as A. Kishan Kumar (with space between Kishan and kumar).
Suppose if I get refund of the money for IPO application, will there be any problem since the dmat account name and bank account name are slightly mismatching for that space. Will there be any problem in allotment also?
CNBC-TV18 learns from the sources that the market regulator, SEBI has cleared the Emaar-MGF IPO. The price band has been fixed at Rs 725-850 per share. The company may list by February 27 and expects to raise Rs 7000 crore.
Sharmila Mukherjee, Go to any karvy office in your town( if your are in India) get the form, fill up there itself get your queries ( i thing you must have at least 6 or so) clear there itself and come home get your husbonds signature and go back to the same office with the form , deposit the form and cheque and get the acknowledgment slip back. thats all!! Note :- karvy will accept the forms only between 15 to 18 jan 08
Market Watch | A right royal abuse of powerAds By Google Udayan Mukherjee, Email Author January 07, 2008 First Published: 21:01 IST(7/1/2008) Last Updated: 21:08 IST(7/1/2008)
The most awaited event of the Indian primary market calendar is here. Reliance Power may have priced its IPO in the Rs 415-450 band but the active grey market price is Rs 900. This gives Reliance Power a potential listing market capitalisation of Rs 2,00,000 crore. With zero installed capacity today, expected generation capacity of 6,000 megawatts by 2011 and 26,000 MW by 2016. NTPC, in itself a richly valued stock, has an installed capacity of 27,000 MW and commands a similar market cap. The market has simply taken an eight year leap and priced it in the Reliance Power stock today. I find that staggering.
A look at the ratios look even more mind numbing. This IPO money is being raised to execute about 7,000 MW of capacity. That should be done by 2012. That year, if all goes perfectly, Reliance Power will have revenues of Rs 7,700 crore, EPS of under Rs 8 and a book value of Rs 70. At the listing price of Rs 900, the stock would be trading at a 2012 price-earning ratio of 110, a price to book value ratio of 13 and a market cap to sales ratio of 26. These are four-year forward ratios, remember. The ratios moderate somewhat for 2016 but by then much further dilution would have happened to finance the additional capacity so the market cap would balloon substantially.
This is madness. While many explanations abound on how such valuations could be justified, this is so similar to the 100-plus PEs the market gave freely to information technology stocks back in 2000. While all of us know how that story finally ended, we should also remember how long that madness continued. The power madness, too, will end, sector tailwind notwithstanding, but it may continue longer than we think it can before fizzling out. While it lasts, the most expensive stock in the sector will become the valuation benchmark and will pull the others into the clouds. Just remember the old adage: those who forget history are doomed to repeat it.
Prince, It is very clear registar will give the cheque for the first name only, with the bank detail as per DP. So if you have your first name A and the cheque will be of A and bank detail as per DP. In that case the bank account may not have the first name as A but it may be second or third. Is it OK?? now
My understanding is that it will be oversubscribed many times and so investing money in this ipo is something like BLOCKING your 1 lac for almost 1 month for nothing.
If i apply the reliance power ipo through icici direct will i get my refund amount though cheque or the money will be transferred automatically to my account
Hi, I have a online demat account with HDFC and I can apply for Reliance Power IPO online through HDFC sec website.
But my husband has got a demat with UTI which is not online.Can anybody tell me how can I apply for Reliance Power IPO offline?From where can I get the application form and where can I submit the form?
hi Rajat Can a minor apply for the fully paid then and regarding Future Capital can one apply for a minor through Natural Guardian and apply another for the natural guardian as the first applicant