Reliance Power IPO - Reliance Power IPO Payment options
Reliance Power IPO - Reliance Power IPO Payment options
Reliance Power IPO has 2 Payment Methods
The Payment Methods available to investors to apply in this Net Issue are as follows:
Reliance Energy is going all out to woo retail investors for the upcoming initial public offer (IPO) of its subsidiary, Reliance Power. After deciding to offer shares to retail investors at a 5% discount to the price band of Rs 405-450, the Anil Ambani Group entity intends to provide this investor segment with a “staggered payment” option in this IPO.
Accordingly, retail investors need to pay only 25% of the total investment amount at the time of submitting the application and the rest at the time of allotment on first call, a source familiar with the development said.
By availing this option, the investor does not have to lock in the entire amount for which he has applied in the IPO. This means, if a retail investor intends to apply for 100 shares at Rs 450 per share (Rs 427.50 after discount), he would need to pay only Rs 10,687.5 (25% of Rs 42,750 while applying and the rest during allotment, as against the lumpsum of Rs 42,750.
This option brings a level playing field for retail investors vis-à-vis qualified institutional buyers(QIBs), who are allowed to bid in an IPO with just 10% margin while submitting the bids in a public issue. Prominent public issues, which enabled the staggered payment options in recent times include ICICI Bank and Reliance Petroleum.
The Reliance Power issue, which would raise as much as Rs 11,700 crore by offering 26 crore shares, is likely to open on January 15 and close on Jan 18.
The offer, which will be India’s biggest ever IPO, is expected to generate significant interest from both institutional and retail investors, going by the response in the unofficial grey market, analysts said. Rating agency Crisil has graded the Reliance Power IPO ‘4/5′, an indication that the fundamentals of the issue are above average.
which payment method to apply in reliance power ipo…please tel…shall i use part payment option or full payment option…which is the best option for paying in reliance power ipo
best payment method to apply in reliance power ipo…please tel…shall i use part payment option or full payment option…which is the best option for paying in reliance power ipo
I want to get the Reliance Power IPO application form which is going to be launched on January 15, 2008. Is it available through internet/online?
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1. I would like to know if i can get the reliance power IPO application form through internet/online?
2. Can i submit the reliance power IPO application form through internet?
3. Is their a way through which i can do the online payment of the the IPO application amount other than giving the cheque?
4. How do i know about the status of my application and the allotment of my shares against my IPO application?
5. What is the time given for the payment of 75% of the amount once the allotment is done and how am i intimated of the allotment of my shares, is it thorugh the email ?
1. I would like to know if i can get the reliance power IPO application form through internet/online?
2. Can i submit the reliance power IPO application form through internet?
3. Is their a way through which i can do the online payment of the the IPO application amount other than giving the cheque?
4. How do i know about the status of my application and the allotment of my shares against my IPO application?
5. What is the time given for the payment of 75% of the amount once the allotment is done and how am i intimated of the allotment of my shares, is it thorugh the email ?
Can I get an application form to apply? Please let me know the site.
Thanks & Regards
H.P.GUHA
Hi all, I would be grateful if someone could advise me where I can download the application form for Reliance Power IPO?
Many thanks,
Vijay
how couldmi get form for relience power IPO PL. help me
Hi
I would like to know if I can get the for Relaince Power IPO form through Online
Plz anybody help
Thanku