Saturday, February 9, 2008

Reliance Power may list around Rs.600.

The market is full of roomer regarding the premium the Reliance Power listing would get. Experts say if it lists above Rs.600, it will be a major boost for the indian stock market. Not only the secondary market, but it will also trigger a fresh IPO boom. The current IPO's are struggling to get minimum subscriptions.
The Reliance Power IPO will list on February 11th 2008. The market buzz is that , reliance is ensuring that the refunds are reaching the subscribers, before they list.

Reliance Power IPO allotment status is available now , Visit the link below
http://www.karvy.com/ipostatus/
Reliance Power IPO Allotment status

Over 41.7 lakh successful bidders in the retail category will get around 15 shares each while approximately 4.5 lakh retail investors who bid for less than 225 shares would not get any shares according to the allocation as approved.
The excess application money of approximately Rs one lakh crore received from the investors is being refunded to the investors. Post allotment Reliance Power has approximately 42 lakh shareholders.

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