IPO Doubt

D

deepakraam

New Member
#1
#1
Hi,
I'm new to IPO.Planning to take Reliance Power.I have doubt.If I bid for 100 shares (bid value Rs.10/share for eg) and if I'm alloted say 10 shares.The price of the rest 90(Rs.9000) shares will be given back to me or not?


-Deepak.
 
M

MiLiNDOnline

Member
#6
#6
deepakraam said:
Hi,
I'm new to IPO.Planning to take Reliance Power.I have doubt.If I bid for 100 shares (bid value Rs.10/share for eg) and if I'm alloted say 10 shares.The price of the rest 90(Rs.9000) shares will be given back to me or not?


-Deepak.
Click to expand...
Hi,

Whenever you wont get the shares / stocks for which you apply, the remaining funds comes back to you!



Regards,
MiLiND
 
S

supercars

New Member
#7
#7
No Company can earn too much money in a short period of time. The Company has to return the unallocated share money within 15 days or pay interest.

The money remains in an Escrow Accout so it does not earn any interest anyway. :)
 
C

caramel26

New Member
#8
#8
Hi Team

would like to know, how does IPO allotment takes place ? :confused:

does the person(Retail) who applies for 1 lac has got more chances or the person(Retail) who applied for minimum lot(min. value).. :rolleyes: :rolleyes:
please help


thanks in advance
sridhar
 
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