Reliance Power Limited IPO Message Board (Page 302)

how much share we can bid with partialy

If someone applys 25% with application when will remaining 75% be taken, on allotment? And this will be debited automatically from saving account?

In retail max application: 210 shares X 450 = 94,500
25% on application: 210 shares X 115 = 24,150

Plz advice if my understanding is correct.

Arti ..
Your calculation is correct. It may be subscribed more or less 4 times. But we need to also recall 3K Cr is the portion for retial.. I had applied for Reliance Petroleum, in partly paid option. I got 116 Shares, i think I had applied for 500, so more or less 4 times subscription comes in picture.

To take in reverse, partly paid option is flased to attract retail investor'e secondly retail is offered at a discount price of 5%, that means we made 5% on the date of allotment. What I evalute is even we apply for 1 Lac ( Part or full Payment ) we can get shares worth of 10,000 /- , so better to bid this IPO at part payment.

With Care
Shoeb

Dear Seniors
I want to know that If, I open a demat account Jointly like
First Holder : Prince & Second Holder is : Manoj, then we should required a bank account also in the name of Prince & Manoj.

Secondly, If we apply for an IPO, & we receive refund agst that IPO, then the cheque will be in name of First Holder i.e. Prince mentioning bank details Or both names i.e. Prince & Manoj mentioning bank details.

Please reply my query on urgent basis.

Thanks in advnce

Hi all,
I have opened a Dmat a/c in my wife name.But I have given a cheque from a joint bank a/c with First Account holder as my wife and 2nd a/c holder as myself as i have no other a/c in her name.
Will I get the Dmat a/c without any problem?

I have sharekhan a/c.can i apply online for partly payment option for Rel power IPO

I believe luck only plays critical role in getting even single lot. Consdiering the fact BGR (subscribed 46 times more) & TRIL (subscribed 56 times more) in retail we expect reliance will be subscribed even more. So I feel better not to invest on this IPO and make the money locked for a month without getting any shares. That too Reliance power has part payment option and many people will invest even in multiple names.

dear all,
Rel Power will be over subscribe by about 13-14 times in retail biiders.
Here is a basis for the same.
Mundra port has attracted about Rs.7200 Cr. for their IPO for 16.19 times over subscription in retail. Now considering the fancy of Rel Power it may attract 1.5 times more money than Mundra. It will be around 10800 Cr. For one time subscription Rel power needs 786 Cr. of (considering part payment option only and in retail 115*6.84 cr). Hence 10800 / 786 will be around 13-14.

If any body find error in the above calculation pl clarify.

So question about the partly paid up shares are not in picture. You all will get fully paid up shares, if you apply more than 4 lots(i.e 60 shares).Only fully paid up shares can be traded on the listing day and than after also.

arti

1060 Chetani,
Pls clarify in detail, that the refund cheque will be in the name of first demat account holder i.e. Prince agst application for IPO from Joint demat account.

As I have a one bank account in the name of Prince.
But I want to open Demat account in the name of Prince & Manoj.

Pls reply

1055 litu
u can't sale a single share if u have been alloted 75 shares because all 75 shares are partly paid

Sub : Reliance Power Limited IPO Payment Options
1. Basis of Allotment Day X – 9 days
2. Listing of shares Day X
Can we pay the locked share amount between Basis of Allowtment and Listing of shares?
Is there Any Method to do ?

Plz clarify my doubt.

1059 prince
u can use the single name bank a/c with your joint name dp a/c and if u recd refund in first name u can also deposited the same into your joint a/c

Dear Seniors
I want to know that If, I open a demat account Jointly like
First Holder : Prince & Second Holder is : Manoj, then we should required a bank account also in the name of Prince & Manoj.

Secondly, If we apply for an IPO, & we receive refund agst that IPO, then the cheque will be in name of First Holder i.e. Prince mentioning bank details Or both names i.e. Prince & Manoj mentioning bank details.

Please reply my query on urgent basis.

Thanks in advnce

I am also having the same doubt as 1055 has ...

Can anybody clarify.....

Litu (1055),
u cant trade your share on listin day if you go by part payment option.... u got the pay the rest of the amt within 21 days, then alone will u be able to trade the shares... hope this was helpful!!

What cud be the oversubs here? i guess shdnot b more than 10x in retail

and throw some light on partial payment...we pay 25% now and after allocation, need to pay the balance...how and when will it b done if using a online way..how many days of time wud b given after the allocation for balance payment?

Can anyone send me the form for Reliance Power IPO?

Hi all,

Could any body send the links to download the Reliance power Application form,
Regards,
Murali

Hi 1050 and 1044,
Congratulations and welcome to fool's paradise.There is no harm in applying.Apply for maximum amount and collect refund after 20 days.But better still is to apply in my demat account.Happy investing and best of luck in trying to make money in the stock market without any basic knowledge.

Can i apply for Reliance Power IPO without demat account ?
I have PAN but now Demat account .