Friends,
Another important one, this is the mother of all IPO's type IPO, a decent way to come under the Reliance umbrella. This is India's biggest IPO ever.
Do not miss applying for the upcoming Reliance Power IPO, details below.
Tentative details
Price band : Rs. 405 to Rs. 450
Our limit : Rs. 1 Lac (application limit for retail investors)
Dates : Jan 15 - Jan 18 (Year 2008)
5% discount : The Company might add a 5% discount for retail investors over final price
Reliance Power is developing 13 power projects over the next 5 years. The first one among them will start operations towards the end of 2009.
It is interesting to note that a staggered payment option is probably being offered as well. You can read more details here.
Recommendation
Put in as many applications as possible at Cut-off price (the limit being 1 Lac per head).
I hope we do get allotted some in this IPO.
Cheers
Tarun
Thursday, 3 January 2008
Reliance Power IPO
Posted by TG at Thursday, January 03, 2008
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1 comment:
How can I apply for 1 lac rupees using staggered option ? I mean how many shares should I apply for considering the fact that for 450 Rs price band I will be applying for 115 Rs per share ?
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