Reliance Power IPO has beat all street expectations by subscribing over 13 times with still two days left for the Reliance Power IPO subscription to close. Infact, Reliance Power IPO has been causing problems to lots of online broking sites which went down due to the rush in investors to the sites to apply in the Reliance Power IPO online. Sharekhan’s server had problems for the whole day. When I tried to apply in the Reliance Power IPO online through sharekhan, my fund transfer failed. The funny thing was, my funds were moved out of my ICICI Bank account but were not credited in the sharekhan account. As I recall, on the closing day of subscription of the DLF IPO, NSE site went down since lakhs of investors accessed the site to check the subscription details. Reliance Power IPO has already been subscribed quite heavily in all categories. For such a mega IPO to see this kind of subscription figures on the antipenultimate day of subscription, is just amazing. Investors can apply in the Reliance Power IPO at cut off for decent listing gains. Reliance Power IPO Listing is likely to be at a huge premium to the IPO issue price going by both the subscription interest as well as the grey market premium. Apply aggressively in the Reliance Power IPO for listing gains, using the payment option 1. Since the retail category in the Reliance Power IPO has been subscribed 4 times, the shares will be fully paid up, with the refund amount being adjusted for the balance payment. More details about Reliance Power IPO listing price will be posted here in a few days time.
dear bullish ,
the listing gainis now narrowly brought under shadow by SEBI’s circular regarding invitationof view for puting a cut off (circuit)on all IPO’s on listing day , tocurve hevay volatility. though i heard that this is for IPO’s with cap less than 250Cr.
If this becomes a regulation before Reliance power IPO being listed, it would have huge impact on opening day. plus the fact that there would be a bubble burst ion listing day, as I expect everyone to sell off onlistingday itself. so expecting the price to come down to 200-350 rage.
whatis your views guys?
I have not receive confirmation of allotment of Reliance power ipo
Well to my expectation people have gone crazy with REPL,
but i think the scrip will not even hit 650 with its weak fundamentals, and strong promoting, just as it did during the IPO.