RePL IPO: Funding Rs.33K for 225 Shares

Hello Everybody,

Today I met a person who is interested to invest in Reliance IPO. Problem is, that he is not having demat account.

He offered me to invest his money thru my demat for part payment of 225 shares.

In addition to that he also offered to pay me Rs.8000 more. i.e. totalling to Rs.33000 approx. irrespective of whether shares are allotted or not.

Any one in this forum had similar experiences.

Happy Investing

Tell him to open a Demat account in ICICI if you think it a risk
They are offering it for free till 16th jan
NjOy

yes. same here . i can do in behalf of him... contact me

Just don't forget the taxman will come running to YOUR home to collect income tax on the profits made in your dmat account