Reliance Power Limited IPO Message Board (Page 325)

Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.

The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.

I wish to apply this ipo. I want to open a demat ac .In which d.a/c should I take. pl. suggest one of them

to Nikhil: dont apply 2 applications with same name.both gets rejected,it happened 2 me in BGR energy

Can we apply for 2 different account but having same name and PAN No.

Dear friends as mentioned max 225 shares for retail investors how much does it cost and whats the intial amnt to be paid for 225 shares at upper band price?

Minimum Lot Size is 15 shares. Retail Invester Can Apply Max 225 Shares..

no

Hi,

i have 50 share of mindtree at 999
current market prise 500 so can anybody sugest
what should i do

Jaydeep

A news extract dated 28th Dec... On the Face value of RPL

Mumbai: The Securities and Exchange Board of India (SEBI) has put some restrictions on the upcoming initial public offering (IPO) of Reliance Power.

Market controller has also directed the company and its merchant bankers to make sure all disclosures according to the crucial laws and the board’s own remarks on the brochure that may follow.

SEBI was looking at a complaint lodged by Rajkot Saher Jilla Grahak Suraksha Mandal on the matter. Reliance Power Limited (RPL), a 50:50 joint venture between Reliance Energy and AAA Projects, is an Anil Ambani Group company. The company’s projected public offering could be the biggest ever in India.

The market controller on yesterday directed the company (RPL) to lock the entire promoters’ quota of 20% for 5 years from the date of allotment in its planned IPO.

SEBI also noticed that RPL has backed away its request of splitting shares having face value of Rs 10 to those with a face value of Rs 2n and commented that according to the rules; if the offer price is below Rs 500 the shares may not be split.

The general idea of the complaint was that by engineering a merger before the issue, the promoters have managed to abuse an exemption permitted by clause 4.6.4 of the guidelines for public issues. This would permit the company’s promoters to not put in any capital as a part of the issue.

RPL’s representatives refused to remark on the subject.

SEBI stated, “The sequence of dates of the issue of shares to promoters, approval of the scheme of amalgamation, filing the same with the Registrar of Companies, allotment pursuant to the scheme and subsequently splitting the shares so allotted for the face value of Rs 2 each and filling DRHP with SEBI offering 130 crore of its equity shares with a face value of Rs 2 at a premium to the public could no doubt be interpreted and conceived as a device to bring the case under the exemption of clause 4.6.4.”

SEBI noted “That the number of shares issued as a result of the amalgamation as a proportion of the total paid up capital of the issuer company is very high in the case of RPL (around 50 per cent)…”

But SEBI stated that a few of other matters brought up in the complaint were out of its control.

FOR 593. ipouser
u should not b the primary account holder in one of the two accounts, else both applications will be cancelled. Only one application is allowed from the same primary applicant.

PLEASE INVESTOR/FRIENDS,

RELIANCE POWER HAS FACE VALUE OF Rs 10 @ A PREMIUM OF 395 TO 440 PER SHARE


MANY PEOPLE R MISGUIDED AS CHITTORGARH IS SHOWING FV AS 2

THANKS
REGARDS

Hi,

IPO masters..Please reply to my below query..

1) I have 2 demat accounts in my name (Reliance and ICICI). Can i apply through both 2 demat accounts ?

2)I heard that, Intially we need to pay only 10%. I am retailer investor and interested to invest maximum i.e 1 lakh. Then please let me know how much intially i need to pay??

Thanks in advance for ur reply
djshivu

WILL EVERYBODY STOP INTERPRETATING AS PER THEIR WHIMS AND FANCIES. NOBODY IS CLEAR AND YET ADVISING OTHERS ON ISSUE OF THIS IPO.

FRIENDS - INSTEAD OF ASKING OTHERS TO SORT OUT YOUR QUERY, PLEASE DOWNLOAD RED HERRING PROSPECTUS AVAILABLE ON SEBI'S SITE AND READ IT YOURSELF. EVERYBODY SAY 'THANK YOU TO ME' AND PLEASE STOP SENDING WRONG INFORMATION TO OTHERS AND MISLEAD THEM

Sorry the share value is not 2 RS it is 10 Rs it self i find out through othersite. in the chittorgarh it is showing as 2 Rs.

Hi..
2 Rs share giving for premium 405 to 450.
10 Rs share is all most 2025 to 2250.

It is that much worth give ur opnions where it is going to near price of Reliance capital and Reliance Industries.

Please give your opinons..

Hi Friends,
Normally when you apply in retail, we will heve good chances of allotment. But then, looking at Brigade and Manaksia's subcription details, i feel that it would have been better if i have applied in non-institutional category. I understand RPL cannot be compared with them and it will attract more investmnets from HNI and QIB's. But the efforts to make retail participation more fierce , like discounted price and staggered payment makes me think whether i should apply in Non-Ins category. Somebody please help me decide... Thanks in advance

DEAR 577 SONU I TRUST YOU ARE AN INTELLIGENT PERSON tHEY DO NOT GIVE ANY SPEEDPOST NO. AND DATE OF DESPATCH I AM STILL TO RECEIVE REFUND FROM ECLARAX AND BGR TILL DATE IT APPEARS THEY PURPOSELY PLAY HIDE AND SEEK GAME AND AVOID Payment making in time. Let Sebi
ask them to send only by ECS where ECS facility or RTGS facility is there till then there is no respite to small retailers it is strange to note QIi get their RO instantly. let us hope SEBI will some day look into this.Thanks

I would like to know, that how much amount is needed to apply for a full one lot , that is one lakh rupees. As ihave heard REL POWER are giving a 20 Rs discount and also that only 25% of payment can be done ??? so for 1 Lakh how much i need to pay....

kindly advice me know the quantity of shares we should apply for so that we may get some allotments. i just applied for bgr, burnpur and many more but i was not able to achieve any allotments.

Dear Mr Manoj,

For your information Mr Manoj I am placing below the article from Money control.com This clearly says that the face value is Rs 10 and not Rs 2.

Reliance Power today filed the red herring prospectus (RHP) with the Registrar of Companies, Maharshtra, Mumbai (ROC), for its proposed initial public offering (IPO).

Reliance Power has fixed the price band for the IPO at Rs 405 - 450 per share.

To enable large participation by retail investors, Reliance Power will offer a discount of Rs 20 per share to the retail investors, i.e. approximately 5% of the issue price.

Reliance Power has also fixed convenient payment terms for all categories of investors. While QIBs are required to pay 10% on the application, the HNIs and retail investors will have the option to pay Rs 115 on the application, i.e. only approximately 25% of the issue price. The balance amount will be payable on allotment.

The IPO is scheduled to open on January 15, 2008 and will close on January 18, 2008.

Reliance Power, through this IPO proposes to raise approximately Rs 10,500 - 11,500 crores - the largest IPO in the history of the Indian capital markets. Reliance Power proposes to issue 26 crore equity shares of Rs 10 each including a promoters’ contribution of 3.2 crore Equity Shares which shall be allotted at the IPO price to the Promoters. The balance 22.8 crore equity shares would constitute the net issue to the public. The issue will constitute 11.5% and the net issue will constitute 10.1% of the post-Issue paid-up equity capital of Reliance Power.

Reliance Power is part of the Reliance Anil Dhirubhai Ambani group and is currently engaged in the construction and development of various gas and coal based thermal power projects and hydro power projects in various parts of the country, of over 28,000 MW capacity - the largest development pipeline in the country.

The issue proceeds are proposed to be utilized for funding subsidiaries to part-finance the construction and development costs of the various projects under development and for general corporate purposes.

The equity shares of the company are proposed to be listed on the Bombay Stock Exchange and the National Stock Exchange.