Reliance Power IPO Latest News Today

Reliance Power Limited (REPL) has announced the long-awaiting record date for its bonus shares, June 02, 2008. Company will issue 3 bonus shares for every 5 shares hold by investors at the end of day June 02, 2008. The company's books will remain closed between June 3 and 5 for this purpose.

Important information about this Reliance Power Limited (REPL) bonus shares are:

Bonus share ratio: 3:5, 3 Bonus shares for every 5 shares hold by investors
Record date: June 02, 2008
Book remain close to process bonus share: From June 03, 2008 to June 05, 2008
Trading date for cum-bonus shares: May 29, 2008
Trading date for ex-bonus shares: May 30, 2008

We are receiving tons of emails from our users asking about the problem with Reliance Power Ltd IPO refunds and allotment.

If you are having problem receiving Reliance Power IPO refund or have a question about irregularities in Reliance Power IPO Allotment, please follow the below steps to resolve the problem with Karvy in efficient manor.

Please remember that ‘Registrar of the IPO' (Karvy in case of Reliance Power Ltd IPO) is responsible for processing IPO applications. This includes allotment and refund processing. The issuer company, lead manager or broker are not responsible for this and should not be contacted for the same.

1. Visit ‘Karvy's' local offices or call your nearest branch to file a written complain.

    A. To get the contact information open below link in browser:
        http://karisma.karvy.com/html/index2.htm  
    B.  Click on link ‘Our Network' on top right side of the page.
    C. Choose your city and get the contact information.

Make sure that you have a written application ready with all the detail before contacting Karvy's office.

2. Send the following information to Karvy through an email at reliancepower.ipo@karvy.com

Problem statement -

Company Name - Reliance Power Ltd IPO
Application Number -
Applicant Name -
Number of Shares Applied -
Applicant Amount -
Cheques Number -
Bank Name -
DP ID -
Depository Client ID -

3. File your complain online with ‘Karvy' using following steps:

   A. Open below link in browser:
      http://www.karvy.com/ipoStatus/
   B. Choose ‘Company Name' as ‘Reliance Power Ltd'.
   C. Enter your ‘Application No' and click ‘Go'. This will bring you to a form to fill.
   D. Fill all the detail and submit it. Expect karvy's response in next 3 days on the email address you provided.

4. File your complain online with ‘SEBI' using following steps:

    A. Click the below link in browser:
       http://www.sebi.gov.in/Complaint1.jsp
    B. Fill the required info and submit the form.

There are many IPO investors and many of them are first time investors are having problem with Reliance Power IPO allotment and refunds. As per our sources Karvy is working hard to resolve all pending issues and hopefully all investors will get there refund soon.

Visit for latest updates about IPO.

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Reliance Power Limited IPO listed on February 11, 2008 but still thousands of investors have neither got the shares in their demat accounts nor the refunds. If you are among them and facing the problem for Reliance Power IPO allotment or Reliance Power IPO Refund, you can register your complaint directly to SEBI.

Reliance Power Ltd declared 3 bonus shares for every 5 shares held.

The bonus issue will bring the cost of per Reliance Power ltd share for retail investors to Rs 269 (earlier Rs 430) and for others to Rs 281 (earlier Rs 450).

The expected ex-bonus share price would be around Rs 300, if the market situation remains same as current market.

``I have been personally concerned by the notional losses arising to millions of our investors as a result of a dramatic adverse change in sentiment in global and domestic capital market after the pricing of our IPO,'' Ambani said. ``The board endorsed my concern and approved the bonus issue.''

Company needs approval from its shareholders before sending the bonus issue detail to stock exchanges to fix record date.

Once record date has been declared, all the investors holding shares on that date, would be entitled to receive bonus shares.

After an unexpected poor performance on listing of Reliance Power, Anil Ambani finally decided to come out and take his corporate rivals with all available options he has.

Reliance Power listing badly affected all ADA Group company stocks and Anil's dream to become richest person of India.

To remain in the race and do not loose investors trust in ADA group, company announce to offer bonus shares for Reliance Power investors (non promoter). Final decision will be taken in company's board meeting on Sunday February 24, 2008. The board will also consider few other options to bring the share value up.

This was one of the expected move company took as ADA group has another big IPO in line for Reliance Infratel, a Reliance Communications company, which has already filed its Draft Prospectus with SEBI.

Company also asked market regulator SEBI to investigate on ADA Group shares, fall in last few days and the role of its corporate rivals in this action.  This will once again bring Anil and Mukesh on front page of the news papers for next few days.

Reliance Power share is all set to make an upward move on Monday when market is expected to open with a big positive gap.

Reliance Power Limited IPO Listing date and info:

IPO Listing Date: Monday, February 11, 2008
BSE Script Code: 532939
NSE Symbol: RPOWER
Listing in: A Group of Securities
Issue Price: Rs. 450/-
ISIN: INE614G01033
Face Value: Rs 10/- Per Equity Share

Reliance Power Limited (REPL), a Anil Dhirubhai Ambani (ADA) Group company is in the business of developing, constructing and operating power projects is expected to list on the stock exchanges on Monday, 11 February 2008.
Sources near to Anil Ambani told this to a popular news channel. Official notices about Reliance Power IPO yet to be publish by the stock exchange.

REPL IPO ended on 18 January 2008 with 73.04 times subscription. Non Institutional category oversubscribed around 190.0231 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 82.6190 times and Retail Individual Investors (RIIs) category oversubscribed 14.8716 times.

Reliance Power Limited IPO was graded 4/5 by CRISIL Limited, indicating that the fundamentals of the issue are above average, As of today, Grey market of this issue is around 150 - 200.

1. IPO Allotment Status is now available online for Reliance Power Limited (REPL) IPO.

Reliance Power Limited IPO was open on January 15, 2008 and closed on January 18, 2008. IPO was oversubscribed by 73.04 times (14.8716 times in retail).

Visit http://203.199.177.158/ipo/ to check your application status.

We are currently experiencing technical problems on Chittorgarh.com. We have engineers investigating the issue and hope to resolve this soon. We are sorry for the inconvenience.

Reliance Power Limited IPO oversubscribed by 73.04 times. Non Institutional category oversubscribed around 190.0231 times while Qualified Institutional Buyers (QIBs) quota oversubscribed around 82.6190 times.

Retail Individual Investors (RIIs) category oversubscribed 14.8716 times, which means firm allotment for applicant who applied for 15 lots (225 shares).

Reliance Power Limited IPO - Final bid details (information from NSE Website)