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#1
23rd January 2008, 07:49 AM
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Query: All details post-R-Power application
Hi friends, I am a novice in the stock market and had applied for 60 shares of Reliance Power. The money from my bank account got debited yesterday for the fully-paid shares that I had applied for. As I have never bought shares before, I would request the experienced people here to throw some light on how will I know whether or not the shares are allotted to me? And by when will the allotment take place? More so, after I get allotment, how will I be able to sell off my shares on the first day, whatever the listing price be. Will I need to go to the syndicate by whom I applied or do I need to go somewhere else? Please let me know as there will be many newbees out here looking for information in this regard.
Thanks a lot. 
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