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??
Face value is 2........ People who are arguing for 10 are idiots............... Just read the RHP............. Its clearly mentioned Face value 2 and 130 crore shares...
Reliance Power consolidated (Reverse of splitting) 5 shares of Rs.2 each to Rs.10/-. It was there in the news recently and they received approval from SEBI.
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
First of all the DP licence of ICICI should be cancelled. these bastard put their site down whenever any good listing is there, they shoud be hanged and this type of nonsense should not be tolerated any more. this is not a govt company that the investor will tolerate
Face value is 10. It is not 2. It has been wrongly updated here. They should have taken extra care in putting the information since it is such a huge IPO, but they have made a blunder... and the ttal number of shares is 26.5 crore and not 130 crore as mentioned here.
is the face value 2 or 10 please confirm because earlier the price was60 with face value 2 & then it is changed to 405 - 450 range with face value 10 please can somebody confirm
this is straight from the DHRP: so the face value is indeed Rs 2
PUBLIC ISSUE OF 1,300,000,000 EQUITY SHARES OF Rs. 2 EACH OF RELIANCE POWER LIMITED (“RELIANCE POWER” OR THE “COMPANY” OR THE “ISSUER”) FOR CASH AT A PRICE OF Rs. [•] PER EQUITY SHARE (INCLUDING A SHARE PREMIUM OF Rs. [•] PER EQUITY SHARE) AGGREGATING TO Rs. [•] MILLION (THE “ISSUE”). THE ISSUE COMPRISES A NET ISSUE TO THE PUBLIC OF 1,140,000,000 EQUITY SHARES AGGREGATING TO Rs. [•] MILLION ("THE NET ISSUE") AND A PROMOTERS’ CONTRIBUTION OF 160,000,000 EQUITY SHARES AGGREGATING Rs. [•] MILLION. THE ISSUE WILL CONSTITUTE 11.5% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY AND THE NET ISSUE WILL CONSTITUTE 10.1% OF THE POST ISSUE PAID-UP CAPITAL OF THE COMPANY.