Suresh, RPL is comin out with two methoda by which you can invest: 1. Part payment method: here you just have to pay an initial amout which will be equalant to a greater sum (for example: if u invest 25K then it will be equalant to 1 lakh and you will get the max lot) But the exact pricing is not known, for that we wud hav to wait for some more time....this is wat happened when DLF came out wit itz IPO... this is just an strategy to get more retail investors interested...!!
2.Normal Payment method: here as in other ipo's we jus have to invest the entire sum and specify the lot of share that we want....!!
I heard this ipo is starting on 13th Nov. Don't know about closing date... should be 16th or 19th Nov. I don't think by that time our money will be free from Varun / Mundra / Religare etc... So need to hold money for RPL.
Any idea, in part-payment, can we invest upto 1L or the limit will be just 25K for retail investors???
Reliance IPO will be out with part payment option.... so even if u invest in other IPO it wont be a problem... Just hold onto atleast 25K so that you can apply for Reliance IPO under the part payment option..!! Happy trading...!!
From where we can know Relaince Power IPO Date. Becasue we have to take decision for other IPO. If Munda & Religare in November 1 & 2 end week than Reliance Power must be in 3 or 4 th week of NAVEMBER. If any one know please share so we can take desion for other issues.
Hi All I have ICICI demat a/c. I want to apply for RPL IPO. Is it possible to opt for part payment option through icici demat. If not, how can I go for this? TIA.
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ECONOMICTIMES Reliance Power seeks SEBI probe into anti-IPO 'campaign' 25 Oct, 2007, 0155 hrs IST, TNN ECONOMICTIMES MUMBAI: The Anil Ambani group company Reliance Power has filed a complaint with market regulator SEBI for investigating a campaign against the company’s public offer. The company is awaiting SEBI’s nod for the initial public offering (IPO),
which is expected to hit the market by the first week of November.
Fourteen people, including a few brokers, have been named in the complaint. A REL spokesperson said the company has filed a formal complaint with SEBI to investigate the campaign launched against Reliance Power’s IPO.
Reliance Energy and the investment vehicle of Anil Ambani group, AAA Projects Ventures, hold 50% each in Reliance Power. Post-issue, both the companies will hold 45% each. Reliance Power has proposed an IPO of 130-crore equity shares of Rs 2 each for cash at a premium to be decided through a 100% book-building process.
“There were rumours in the market that SEBI has quashed the DRHP of Reliance Power. Immediately after that, the grey market trading of Reliance Power shares had stopped. In addition to it, a few politicians have questioned the transferring of projects from REL to Reliance Power.
They complained that REL shareholders have not been consulted for the proposal to transfer all the projects from the company to Reliance Power. Now, they seem to have withdrawn their statements against the company,” said market sources.
SEBI has written to the company asking clarifications for two statements made in DRHP. “SEBI has asked two normal queries and the company responded to it immediately,” said a company source.
Reliance Power has also sought SEBI permission to price its proposed offer at less than Rs 500. SEBI norms stipulate that the price of company shares should be above Rs 500, if it has a face value of less than Rs 10 per share.
Good news to all retail investors.......The Retail Applicants are give an option of Part Payment while applying for the Reliance Power IPO (just as Reliance Petro. and DLF) with this for an application of Rs. 1,00,000/- we have to shade a mere Rs. 25,000/- (or round abouts) ipo is scheduled by 3rd week of nov. and the likely price band is 72 - 80