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#1
2nd January 2008, 06:14 PM
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reliance power ipo - time 2 make big bucks
hello ppl... the much awaited reliance power ipo is finally here...
an excellent change 2 make a profit of 100% - 150% in 1 day. The company has changed the share face value from rs.2 to 10, by speculation the price band will be around 450 - 480 (price band not yet set, as of date). the issue should be out post 15th of this month. now thr are a few thing investors need to look out for (and even i want 2 know): 1.they are realeasing around 16 thousand crore shares, its will atleast be oversubscribed 200 times. and it will list at around 2 - 2.5 of its issue price. wat i want 2 know is that wat will be the minimum amount of shares alloted 2 each investor? (in case of mundra port, ppl applying for 100 shares got only 15). 2. reliance power is part of ADAG, so wat is the future of othr ADAG stock, like rel energy, rel comm etc. will they also increase by around 20% ? 3. by when will the money applied for the ipo be refunded? 4. after listing wil reliance power show the same behavior as rel petroleum (it listed at around 100 and fell to around 65 in the same day) or will it continue to rise for a few more days? and id rely lov 2 kno the prospects of reliance energy thnk u... nd consider urself lucky if u get allotment.. 
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