Reliance Power Limited IPO Message Board (Page 8)

Hi Ashis Battachargee
Dear all only small/retail investor
A unique opportunity is just a few days ahead but to grab it we have to apply our sense. As per our past experience in stock market, we had been seeing that if bonus is 1:1 than price is reduced to 50%, if bonus is 1:2 than price is reduced to 33%. So on the same pattern, in rel power 3:5 bonus, price should be reduced to 5/8x100=62.5%, but it is not so in case of Rel Power. Dear all in all historical bonus except in Rel power, this bonus ratio is applied to Total Shares of company Including Promoter. Anyone can check in bonus history that if bonus is 1:1, than on ex date total shares of company become double so price adjusted to 50%.
Take a example that if a company have 100 crore share, price of each is 1000, so total market capital of company is 100x1000=1,00,000 (1 lack ) crore. Suppose bonus is issued 1:1 ratio than on ex date in the market total shares are 200 crore, if we apply our sense than it is definitely not possible that with same price 200x1000= 2,00,000 (2 lack crore) just over one night, So on ex date price will be 500 and market capital is same 200x500=1,00,000 (1 lack) crore. Only difference is that before bonus company has liability of 100 crore share of face value 10 each, so total face value(called as Paid up capital) is 100x10=1000 crore. If company announce bonus of 1:1, than face value (paid up capital) 200x10=2000 crore. Dividend is given on face value, if company announce dividend of 20% before bonus, than company liability is 1000x20/100=200 crore dividend, And if company announce same dividens after bonus company has liability of 2000x20/100=400 crore.
So practically after bonus total market capital of company remain same but total face value is increased proportionally and we get more dividend if announced after bonus.
Now come to Rel power. Here total share are 226 crore before bonus(any one can check at NSE site). So paid up capital is 226x10(face value)=2260 crore . Bonus is 3:5 for non-promoter only(which are having only 22.8 crore share out of 226 crore), so after bonus total share are not 226x8/5=361.6 crore but 203.2 crore(promoter) + 22.8(non promoter) + 22.8x3/5(=13.68)(bonus) = 239.7 crore total. Plz go through 25.02.08 Rel Power NSE announcement on second page 17th line, that paid up equity shares are increase to 239.7 crore.
So, before bonus and after bonus company capital should be same(if no big fall in market on ex date). Currently Rel power is quoting around 400, so total market capital is 226 crore x 400=90,400 crore. After bonus total share are 239.7 crore, so keeping the same market capital reduced price is 90,400/239.7=377 which in other way 400x226/239.7=377 . Here scene is that Only 10% non promoter are given bonus and out of 10% non promotor, if we leave FII, DII etc general public( retail investor, HNI )are 4.28%. And this 4.28% common public is unable to digest this opportunity that how 400x5=2000 can be 377x8=3016 just in few days. Did anyone see that FII, DII(MF) are crying on this issue, they are waiting for the opportunity when this common public will release their bonus share (which they are unable to digest) on ex date at lower price and they will grab it. Dear investor compare the price on the basis of total market capital before and after bonus. Some big fish will try to low the price on and after ex date to compel small investor to release their stake. Many are creating panic in market that ex bonus price will be around 300 or even less Than think in way that 239.7 crore x 300=71,910 crore market capital. Did anil announce bonus that company which was of 90,000 crore would become of 70,000 crore. Believe on him he will take care for that but u all have to keep patience for some time. Controlling price is also in public hand, if we all don’t sell on ex date how price will come down, than only FII and DII will left and they are enough sensing the situation.
If u all can wait for three-six month than price will come around 500 as project progress happen than imagine 400x5=2000 will be 500x8=4000, 100% return in around 4 month. So don’t think of selling but digest the opportunity with sense(total market capital of company before and after bonus). Best of luck.

Hi Ashis Bhattchargee
There will not be much difference in the price, the price may come down nsince the retailers start selling the bonus shares , it will come down by 15 b% on worst scenario, which comes to 70Rs , so the price will be around 375Rs, It is still profitable to us , it is like this, suppose you buy
100 shares before record date at 450 per share, then the amount costing you is 450*100=45000, after reord date, for
your 100 shares you will get 60 bonus shares, now your total shares are 160,as we think that the price will go down down to 375, now your value is 160 *375=60000, so your profit is still 15000, so go and buy rel power. cheers

Sir,

Suppose the price of R. Power on record date is 450/-. What will be the ex-bonus price? Please clrear the confusion.

6927. Reddya
mr reddy if u buy on 2nd june ur not eligible because at that time no delivery period is there so shares are not delivered on that day... so it will not reach our demat account

if u buy on 29th it will delivered
if u buy on 30th also u wont get shares becuase no delivery period stars from 30th to 2nd june

DEAR SIR,
I am HIMANSHU GUPTA , my aplication no. is 52794071 .The payment of my cheque no. 612903 of axis bank worth Rs.25875/- is pending since a long time so kindly refund my cheque as fast as possible.

DEAR SIR,
I am DAYA GUPTA from kota, my aplication no. is 52794070 .The payment of my cheque no. 612901 of axis bank worth Rs.25875/- is pending since a long time so kindly refund my cheque as fast as possible.

Hi Shri
Can you tell me whether we are eligible for bonus shares ,if we buy on 2 nd june, what is the diffrence between buing the shares before 29 may and 2 nd june, if not shri anyone can expalin

dera 6925. Sudhanshu Shekhar you can buy rpower shares by secondary market within 29th of this month.. then you will get bonus shares

if you going buy on or after 30th may you wont eligible for bonus
cum bonus date is 29th and ex bonus date is 30th may
so if u want bonus buy shares on or before 29th

Dear friend,
I have 34 shar of Rel Power @430. If i buy 50 sharw from share from secondary market then i will get bonus for those share which i bought from secondary market. If any body gets clear idea please help me out.
Thanks and regards,
Sudhanshu Shekhar

"Reliance Power Ltd, on May 05, 2008, clarified and reiterated the eligibility criterion for shareholders entitled to receive the Bonus shares to be issued by the Company.

Reliance Power, the company with the worlds largest family of shareholders of 4.2 million, has made this announcement in response to several queries from investors and market participants, seeking clarification on the eligibility of shareholders for the purpose of issue of bonus shares.

All shareholders of the Company''+'s records hold shares as at the end of business hours on June 02, 2008, irrespective of whether such shares were subscribed by the shareholders in the Company''+'s Initial Public Offering (IPO) or such shares were purchased from the secondary market or otherwise after the IPO, shall be eligible to receive the bonus Shares.

As approved by the shareholders of the Company, Reliance Power will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.

On April 25, 2008, the Company had intimated, the period of book closure being June 03, 2008 to June 05, 2008 for the purpose of determining the eligibility of Shareholders to receive bonus shares of the Company as per the Company''+'s records as at the end of business hours on June 02, 2008."

buy rpower because if u buy now ie for example.. if buy 5 share after ex bonus additional 3 shares so 5+3=8 after ex bonus price of share is (226 crore+13 crore)/420=397
so ur brought at 420x5=2100 but now ur worth is 397x8=3177 so profit is 51%

my name is suresh goel i got 17 shares of reliance power,dp id is 13041400 and client id is 00077857.its almost 3 months and my shares are not credited into my account.they are saying my FP is rejected.i contacted them via mail and gave them dp id and client id again but still the shares are not credit into my account .what should i do ? my application no is 56153673

my name is naveen rawat i got 17 shares of reliance power,dp id is 12024201 and client id is 00185399.its almost 3 months and my shares are not credited into my account.they are saying my FP is rejected.i contacted them via mail and gave them dp id and client id again but still the shares are not credit into my account .what should i do ? my application no is 21381994.

i m vijay kumar and i was alloted 17 shares of reliance power my dp id is 12024201 and client id is 00185555.its around 2 and half month now and my shares are still not credited into my account.they says my FP is rejected.i gave them information about my acurate DP id and client id by mail but still the shares are not credit into my account .what should i do ? my application no is 56153676

I hv applied for 210 shares vide application no 56186114 .
More then 10 mails has been sent to Karvy office but result is zero. Neither they have allotted any share nor refunded my money back . Initially they asked for client master list , then bank statement etc but unfortunately now they hv stopped rsponding to my mails .
Name of the Applicant.: VINITA UNIYAL
Cheque No. 899375 dt 15.01.2008 for Rs 94,500/-
Client ID & DpID : 10046556 & IN 302092
Pls help
Vivek

Dear Ajay Gupta

do not Worry, do you have a Application No.??

Please give the application Number and file a complaint with the SEBI, I hope if your application was processed succesfully then there will be a application No.

After filing complaint with SEBI, you will get a reply in Two weeks from the Company Registrar SURE

Dear Sir, Dt:- 10.05.08
This is to inform you that I had applied for 225 shares of Rel. power Ltd. Wide application no. 56863695. I paid cheque of Rs. 25875, cheque no. 000066 dt. 16.01.2008 drawee bank kotak mahindra bank ltd. This cheque has been cleared from my bank account on dated 24.01.2008 shares (partly) of Reliance Power IPO but neither even a single share did not allot to me nor my money has been refunded. Whenever I bring mater in notice of Karvy Computech they replied me “We note from the bank schedule of Escrow bankers that the cheque/demand draft submitted along with the bid-cum application has not available in the list of which was received from the schedule Bank. Therefore, you are requested to verify with your banker regarding the status of payment and revert to us along with a confirmation letter on their letter head, in case the cheque/demand issued /lodged by you is found as paid. Please send us the attach file of the bank Statements from 15.01.2008 to 01.04.2008 so that we can do the needful”. I collected from my kotak bank, the statement of account, letter of confirmation of said cheque clearance & also the front & back side copy of cheque cleared. (I am very much thankful to Kotak Mahindra Bank to provide me all these detail). I send all these detail to Karvy Computer Share & to reliance customer care by mail on their mail addresses, reliancepower.ipo@karvy.com, reliancepower.ipo@relianceada.com. After this the reply of karvy was “we would like to inform you that we have noted the contents of the mail and shall revert to you shortly”. Now after my several reminders they are not entertaining me. Neither are they giving reply of my mails. Till date I have not received the refund amount of the same. You are requested to please raise the mater to concerned authority seriously and try to help me to get the refund money of Rs.25875/- immediately. Thanking You
Please note the following detail:-
Applicant Name:- Ajay Gupta
Address:- D-14/34 Sector-8 Rohini Delhi 110085
DP ID:- IN300450 of IDBI BANK
Client ID:- 10955052
Cheque No.:- 000066 of Kotak Mahindra Bank Ltd.
Cheque dt:- 18.01.2008
Cheque Clearing Dt.:- 24.01.2008
Yours truly,
Ajay Gupta.

Advice regarding allotment of share and/or refund is still awaited which i never expect from such a repute company.
Application No.8687656 dated 18.01.2008
Cheque No. 966946 for Rs.6,900/- of SBI Nagpur Main Branch
Application for 60 Shares
Price option - Cut off price
Application submitted at SSKI Investor Services Pvt.Ltd., Civil Lines, Nagpur.

HI,
i m Ketan D.Mehta from Malad. I applied for 225 shares of reliance power out of that Karvy alloted 17 shares to me but the shares are still not credited to my account.

Details:-
1)Name:- Ketan D.mehta.
2)DP ID:- 1304140001115801
3)Demate A/C :- Relianec Money.
4)No.Of Shares Applied:-225
5)No.of Shares Alloted:-17
6)Bank Name:-Axis Bank
7)Chq.No.:-019072
8)Application No.:- 1 4836956
9)Amount of Chq :- 25875

EXPERIENCE WITH KOLKATA KARVY NOW SEE HOW HYDERABAD PERFORMS.

I just want to share my wonderful experience what I had with the Karvy the registrar for the mega issue or for the biggest IPO ever in Indian stock market.

On 15-01-08 Issue opens
On 18-01-08 Issue Closes
10-02-08 ECS being started for credit of refund amount.
11-02-08 Listing

On 15-02-08 I had given a reminder to your kolkata office as well as Hyderabad office that ECS of Application Number have not been credited to my account. This is in the written format at the kolkata office with acknowleadgement
And in mail format for Hyderabad office.

Then on 01-03-08 I received the cheque but the account number which was mentioned on the cheque was not matching with the account number of the client master which was submitted with the letter which was submitted on 15-02-08 at your kolkata office.

Hence the cheque have to be once again rectified. So the process for the same have started and on 07-03-08 one more letter have to be typed and has to be deposited in your kolkata office and to be mailed to your Hyderabad office.

On 07-03-08 one more letter has been deposited with the cheque as well as the client master at your kolkata office with acknowledgement and have been mail to Hyderabad office. The letter was containing all the detail as well as Cheque and client master copy.

On 15-03-08 given a call to karvy and they answered that the work is going on and I will receive the cheque within 1 week. On 24-03-08 I was told that the cheque had been dispatched to me and will reach within a week of dispatch and it was by speed post.

On 29-03-08 Again a call after trying for half an hour somebody answered and got the reply
Sir the cheque have been dispatched by our end and latest by 05-04-08 cheque will reaching your place or else we will take some action in sending a new cheque.

On 10-04-08 Again for trying for half an hour the line get connected and now it was in kolkata office.
The person associated are Mr. Debnath ,Mr Neelkanto, Mr Sanjay Mr Ranjit, Mr Sushil.

First the line was connected to debnath he transferred to sanjay and sanjay to ranjit and ranjit to sushil.

Again explaining of the problem and then the final coating with mr Sushil that you once again mail the required details and we will forward you the cheque in 7 working days.

15-04-08 Mr sushil said we had infrmed our Hyderabad office and they will sent us the cheque in 2-3 days and we will hand deliver the cheque to you.

20-04-08 Conversation with Mr Sushil
Yes Sir your cheque have reached us but we had sent it once again for extending the date as the date was very near to expiry.You will get the chequs on 23-04-08 you can send your executive and collect your cheque from our office.

23-04-08executive went to Karvy Kolkata office situated in Jatin Das road. My Executive was told that there was no such cheque was there in kolkata office and When he asked for Mr Sushil he was told that Sushil had gone to Hyderabad.

24-04-08 Mr Sushil had called up to me and said that sir the cheque will be reaching to our place on 26-4-08 and you can collect the cheque on 28-04-08. Great I send my executive on 28-04-08 and the answer was even fantastic that Mr. Sushil had gone to Hyderabad and your cheque have not reached to our place till yet and this was the answer what my executive has been told from your kolkata office.

Again to call up mr Sushil but the answer was on 30-04-08 at 1 P M in the afternoon that sir he have not reached the office yet and will we will will make him call as soon as he reach. This was the Sentence told By Mr Debnath, Mr Sanjay < Mr Ranjit.
But fortunately no call came that day till 8PM in the evening.

Again on 02-05-08 calling karvy in the morning was first part. Again for trying for half an hour the line gets connected. Again I had a talk to Mr Sanjay Mr Ranjit Mr Debnath they all said Mr Sushil was not in the office and said me that when he will come we will make him talk with you. They all know that why I was giving them the call but they never tried to give me a call because my cheque was lying with them and they don’t even bother to give me a call because they are happy with themselves
And they are just damaging the goodwill what KARVY had monitored in last few years.

I don’t know why they want to damage the goodwill of karvy and how come they are working in this corporate world.

Till date Mr Sushil goes to hyderabed on Monday comes to kolkata on Sunday and again went to Hyderabad on Monday.

And rest these Guys are there to entertain and to run away from the work from 1to another and searching that who will do the work and always want to transfer the work to each other and will think that who will do the work for client.

They even don’t even bother to reply properly as they think they are the nexy Managing Director As well as the CEOsof the company.

When asking to forward the call to superior level the answer is we are the superior level for Reliance Power IPO.

I don’t know what to do but again on 08-05-08 I had given a call to KARVY Hyderabad Office and said my problem to your executive and got the answer that I have to forward the mail once again to karvy and after saying everything and my experience with karvy they had requested me to forward my experience with karvy.

So this my experience with karvy on my behalf on my clients I m writing this mail because I care for my clients and that is the reason I m forwarding this mail after a long wait as I was convinced that karvy will keep its place on no 1 in the registrar services. So Sorry to say that I was wrong and Karvy I should say not karvy but the hard working guys Like The four Mr neelkanto, Mr Sanjay, Mr Ranjit , Mr Sushil they really work hard to keep their clients dissatisfied by the service which KARVY provides.

So after four months I m forwarding this mail to
1: Karvy Hyderabad
2: Karvy Kolkata Office