08 Jan 08 Reliance Power IPO – Applying without a Demat account
I’ve been getting a few queries regarding Reliance Power IPO from regular visitors of this site. I thought I’d share an important query from one of them. By sharing this, I hope a lot of other investors who read this blog regularly, having similar queries relating to applying in the mega Reliance Power IPO, will have their doubts cleared, as well. Both the question asked and my reply to it are reproduced below.
The Question asked by the Investor
Was reveiwing your tips for IPO on the internet and saw you ID there and wanted to ask a question. I do not have a DEMAT account and wanted to apply to Reliance IPO, I spoke to Reliance Money as they seem to offer a good DEMAT option. Now the issue was that IPO is just 1 week ahead and I cannot get the DEMAT account number before 3 weeks, they at Reliance Money said on phone that they are getting it done fast as many are like me, are new starters. Any way I went to their office and saw lot of new people applying for new DEMATs for the IPO, they say that account number will come in 20 to 25 days, but I shall get the DP number in a day or two and with that DP number I can apply for the IPO. Is that possible ? I saw the application forms of Reliance Power IPO and there was a column for DP number to be filled above the DEMAT number column. Can one apply with only the DP number with DEMAT account number expected by the day near Reliance Power IPO allotment date ?
The question is if that people at Reliance Money are not fooling me that DP is enough to get the IPO application through, and by the time of allotment, DEMAT account number will come and I can get the shares transferred to that. Now what if due to this incomplete application, I get my money locked up and am not able to trace if my application had met with allotment or not, and if so what will be future course of action? Hoping an early reply, I am to submit my cheque tomorrow to them to open the account, if it is of no use, and I get my IPO application money blocked, I shall not open the account especially for this Reliance Power IPO, so your urgent reply will matter a lot.
My reply to the above question regarding applying in the Reliance Power IPO
Yes, you can apply in the Reliance Power IPO, using the method mentioned above. This is how the process will take place.
1) You open a Demat account with Reliance Money sometime this week.
2) Reliance Money will give you the DP ID right away.
3) You apply for the reliance power ipo with the DP ID but with a no/wrong DP client ID
4) When allotment is made, since the registrar for the Reliance Power IPO sees a mismatch in the name and DP client ID
5) Allotment won’t be made a letter will be sent to you informing about the mismatch
6) By now you would have got your DP Client ID which you will have to send to the registrar
7) Reliance Power IPO Registrar sends the shares to your demat account after verifying your identity
Benefit – You can still apply in the Reliance Power IPO
Downside - Your Reliance Power IPO Allotment will get delayed and you will have to go through the hassle of faxing the registrar various documents.
Risk – In the unlikely situation of share prices falling after Reliance Power IPO Listing takes place, you will be helpless and will be unable to sell the shares allotted to you in the IPO, since it is likely to take anywhere between 2 to 4 weeks after the listing date of Reliance Power IPO, for you to get the shares of Reliance Power Limited in your demat account.
Note – A better way to apply in the Reliance Power IPO would be to apply in the name of your friends or relatives who already have a demat accoount but are not interested in applying in the Reliance Power IPO.
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Reader's Comments
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please advise the customer that if they go geojit they will get the dp no within 3 days
if all the required documents are given alongwith the demat opening form
Dear bullish indian, i read the above conversation and i would like to appreciate your informative suggestion to all the readers who are either beginners or unaware of the market. Good job and regards.
not our demat account
In ur tips u says that “always apply in IPO thru cheque payment”???
What’s the advantage except putting a stop payment??
Transfer of shares/refund etc should be faster in applying thru ICICIDIRECT etc.
pl. clarify
To apply for Relaince power as an HNI, is there any criteria or anybody can apply for more then 1 lakh and will be considered HNI.
bullish bhai,
what makes you think that the registrar will even bother to send a letter asking about demat account mismatch details. why cant he simply throw out the application once he sees that there is a mismatch and allot them elsewhere especially when there are thousands of correct applications.are you saying that ipo applications are randomly selected and only those applications will be alloted shares. please clarify
Please let me know , if i could place multiple application for IPO, as i have multiple DP accounts?
Hi,
I contacted Geojit Fianancials, but they say it will take 7-8 days minimum for DP no.
Krinshna, Can you elbaorate a lil on your info about 3 days.
Also i dont have a demat account, Can i have some other meathod for applying for the Rel Power IPO. Any suggestions should be appreciated.
Abhishek
As NRI living in USA, how can I buy reliance power IPO shares from USA?
Hi Sir
I want to buy reliance power IPO but I don’t have PAN no. so what I have do. Please make some help for me and as soon as possible mail me.
Thankyou
Ankur Ahuja
100/D Devpuri
Meerut City(U.P)
M-9219860006
This is regarding applying for relainace powre ipo without having demat account. I am in the same situation which bullish indian has mentioned-having only DP id and not account yet.
These are the excerpts from bid-cum-application form of reliance power, which clearly states without demat account number application will get rejected:
Bidders will be allotted Equity Shares only in dematerialised mode. Bids from
any Bidder without relevant details of his or her depository account are liable to
be rejected. : 1. A Bidder applying for Equity Shares must have at least one beneficiary
account with the Depository Participants of either NSDL or CDSL prior to making the
Bid. 2. The Bidder must necessarily fill in the details (including the beneficiary account
number and Depository Participant’s identification number) appearing in the Bid cum
Application Form or Revision Form. 3. Equity Shares Allotted to a successful Bidder will
be credited in electronic form directly to the beneficiary account (with the Depository
Participant) of the Bidder. 4. Names in the Bid cum Application Form or Revision Form
should be identical to those appearing in the account details with the Depository. In
case of joint holders, the names should necessarily be in the same sequence as they
appear in the account details with the Depository. 5. If incomplete or incorrect details
are given under the heading ‘Bidders Depository Account Details’ in the Bid cum
Application Form or Revision Form, it is liable to be rejected. 6. The Bidder is responsible
for the correctness of his or her Demographic Details given in the Bid cum Application
Form vis-à-vis those with his or her Depository Participant.
Hi! I opened a 3-in-1 a/c with Axis Bank in Kolkata, and I have been given my DP-ID and also the 8-digit beneficiary account number as mentioned in the form. However, Axis Bank operates the trading thing through Geojit and my online trading account will get opened after 18th Jan probably. So will I also have to go through the same process mentioned above, considering that the DP ID and the beneficiary account number is all that the form asks regarding demat matter?
-Ali.
can a person apply for more than 1 application in Reliance Power IPO in joint names etc. etc.
kindly advice in detail
how it is possible
Hi Guys I want to apply for RELIANCE POPWER IPO. But the thing is I don’t have DMAT account. Can i apply on my Cousign’s account? Is there any special consideration to SENIOR CITIZENS? If this issue is over subscribed, how to allot the shares is it on the basis of Pro-rata? or any other choice? Please guide me..
Thanks
Surya
This is for Mr. Ali’s Query:
]
—————————-
If you have DP-ID as well as A/C number given for demat account, you can still apply for the IPO using paper application form instead of the online application via geojit [assuming you get hold of paper IPO form
I am an Indian citizen living in the UK. I plan to be here for a few years.
Is it possible for me to open a Demat account without having to visit India. I do have savings account in India.
Thanks and regards
General public is being offered this share at a premium of around 450 whereas Ambani bandhus have bought the same share in this company at par at Rs.10 only… Ambani bandhus have bought around 200 crore shares of reliance power some 18 months back for only around Rs. 2000 crores, and now they are offering only 28 crores to small investors in the market at heavy 45X premium at Rs. 450 to collect more than 11,000 crores ???
Reliance invested 2000 crores to get 200 crore shares?
People invest 11000 crores to get only 28 crore shares?
Reliance invested only 2000 crores.
People will invest 11000 crores??
Reliance got 200 crore shares.
People will get only 28 crore shares??
Will anyone accept such a partnership offer in real life?
And then they say they are doing MEHARBANI to the small investors by offering a discount of Rs.20? Are you kidding? Janta ko BEVAKOOF SAMAJAH RAKHA HAI KYA?
Is SEBI dead?
I believe this share will fall to Rs. 280 at least as soon as it will get listed.
A stock being offered at 45X premium right in the primary market is way too much…
REL was launched 3 years back, and still its in the development phase… All its promises are still pending and the project is delayed.
R P L is a huge planning and the real time of implementation is far much much more as compared to REL. Still these projects are based on coal supplies from the coal mines and water to run the aspired hydro power projects… Both are scarce resource… Mind you… R P L is not initiating a nuclear power plant!
Moreover, I even doubt on the overall profittability of these power projects… They are impressive in terms of their envisioned sizes but aren’t impressive in terms of ROI… Take the example of Powergrid… Its still hanging between 140 and 155 since long time… whereas most of the other frontline stocks that were in that bracked along with powergrid have appreciated impressively in last 2 months! Powergrid is lagging too much! And don’t expect a jump up in powergrid because nothing breakthrough is going to happen with these power based project other than steady secured earnings IN THE FUTURE based on investments and that too in low profit margins!
Look for high profit margin sectors… there your money will grow even 10 folds…
Regarding reliance power, there’s one simple question in my mind… ITS GOOD TO COLLECT 11000 CRORES FOR THE PROJECT THROUGH IPO…. BUT NOT FOR THE AMBANI BANDHUS… I SAY… GIVE SHARES TO PEOPLE AT PREMIUM, BUT 45X????
I say,, they could have even collected 11000 crores by offering 112 crore shares to general public for Rs.110 rather than 28 crore shares to public at 45X at Rs. 450 each!
In this IPO offer, its clearly visible that overall, share holding of Ambanis will by 200 crores whereas of people will only be 28 crores… Poor people… truly…
And I believe this IPO offer is not to just collect money for the project, but this is only to HELP AMBANIS REMAIN THE BIGGEST SHARE HOLDERS OF THE PROJECT FOR ALL TIMES TO COME!
how i can apply for reliance ipo
I want to applying for reliance IPO.
Thnaks BullishIndian !!
Valuable info on applying Reliance IPO without Demat account.
I want to share Reliance Power Pl. suggest how
to purchase without Demat Accont.
how to purchase rpl share without demat account
pl. convence sir
Dear Sir or M’am
Atually my Demate Application is underprocess till now but i have not received my DP ID, I want to take the Reliance Power IPO So, please you tell what i have to do for that.
Thank You
Chararn Singh
09810436593
I am an NRI settled in middle east. I have NRE account only, but without demat account. I want to invest in Reliance Power IPO and want to know how can I invest in this IPO?
WOW! sanjay,
that was a quite good commentry really, but the thing is most people are least interested in knowing how many shares ambani’s hold and for how much they got them. majority of people apply in such ipo’s only for one reason,- TO MAKE A QUICK BUCK and from that point of view this ipo looks good. they have offered shares for rs 450/- because even at that price there is a huge demand and only a fool will issue shares for less than the market demand.
you may be right though about the long term prospects of reliance power limited because the power sector has little scope to cause a swing in its stock prices and it usually is a slow and steady rise.
Dear Sir or M’am
Atually I Dont have Demate Account till now but i have ID, I want to take the Reliance Power IPO So, please you tell what i have to do for that.
Thank You
Rakesh Kr. Verma
09899838367
HI,
I don’t have pan and demat a/c.I have RIL, R.COM, REL, Shares. I want Reliance power IPO shares, How can applying please help me
I want to open free accouts
I want to open free accouts
Mangal Swarup
Himachal sadan
18 sarder patel marg
Chankya puri New Delhi
Mobile no. 9911269267,9868931267
My dmate accounts application submit on dt 10/1/2008 but till date I have not recived the DP ID no I want to take the reliance IPO
My contact No 9911269267
I have applied for a reliance money demat account this saturday (12/01/2008). I just want to know where do I get d DP ID from? as I want o apply for reliance power IPO.
SIR I do not have DIS book but i want to apply 4 reliance IPO ,will I b alloted shares if I apply 4 the same
i want to open d mat account
Sir,
I would like to know about demat account and please give me name and contract address of reliance demat service provider.
I would like to open reliance demat account. Please inform me immediately.
I am awaiting your reply.
Thanking you.
Yours Sincerely
Shalini singh
E-mail – bhushalini@gmail.com
In varanasi will you please give me contact address and mail of reliance service provider.
I want to take power IPOS
Hi Mr Bullish,
I do not have any friends or relatives who has a Demat account. So what do I do in that case.
Thank you.
Sir i want Open demat account on reliance power
so pls Sausage me
Thank You.
Raj Sharma.
i dont have demat account. the denat account takes sometime to open.iwant to apply for reliance ipo.whats your suggestion
can put multiple applications for RELIANCE POWER
IPO.HAVING MULTIPLE DMAT ACCOPUNTS WITH SINGLE PAN CARD.
Today i have decided to apply Reliance Power IPO without DEMAT Account. Is it possible
Hi, I am not applying for Rel Power IPO, so any one willing to use my DMAT account can do so by paying me some money in exchange. Call me, Hari Krishna +919886204040 Bangalore.
PLEASE ADVISE WHETHER ONE CAN APPLY RELIANCE POWER IPO WITHOUT DEMAT ACCOUNT AS ON 17.01.08
AND ALSO PLEASE GIVE POSSIBLE INFORMATION WITH REGARD IF I APPLY THRU MY FRIENDS/RELATIVES THE TAX PARTICULARS FOR THE SAME
I just want to inform other investors that dont go to Punit Fintrade, Ahmedabad, for opening DEMAT. I wanted to apply for reliance power IPO and saw the ad in news paper of reliance money that u can get demat in 2 days and I called Punit Fintrade, Ahmedabad person and fulfilled the required formalities but still till date I haven’t got my demat account number which they had promised that I will get within 2 working days, it has been almost a week and still waiting, made lot of phone calls but people there are so irresponsible and answered rudely and telling will call u in hour, today, tomorrow and nobody calls back and we called so many times, and I am going to miss the Reliance Power b’se of their fault. Please make sure that while opening demat u get what has been promised
what will be the responce for Reliance power IPO
status of demat account
what is demat account?
heards news regarding cheques bouncing in reliance power ipo. is it true?. kindly any give news regarding this. many have pulled back from ipo …. news by many……… even brokers. mail me at rajmuskaan10@yahoo.com
kindly any one will post comments on the cheques pulled by investors in RPOWER ipo.or whether it is true or only fake
sir kindly advice me how 2 deal with ipos n r they really haing 0 % risk
Sir,
I have applied in your IPO by cheque but due to oversight the dmat a/c nos. of my cousin’s having same name were mentioned in the application form.
I am in tense. Kindly advise about the followings :-
. Whether the application will be rejected or accepted
. In case of rejection, the refund to be received by me, whether it will come to me physically or it will be deposited directly through ECS in my cousin’s account.
Kindly advise me what action I have to do in this connection
sanjay
pl. do not apply in any ipo without client id. no body will send you any letter for any type mistake in your application.
sir, i applied for reliance ipo’s with full payment option but haven’t got my remaining money after listing so where to complaint now plz give me sum suggestion
Sir,
I have applied for 45 nos. of Reliance IPO but came to know that the retail investors who had applied for 225 nos. can get 15-17 nos. Now I haven’t got my refund back. I have applied through my broker and I am having the cheque no. also. Please let me know whether all the refund had been given by Reliance to their investors who had not got any IPO? If yes where can i place my querry to check my status?
Sir,DEAR SIR
PLEASE ALLOTE THE RELIANCE POWER SHARES IN MY DEMAT ACOUNT NO
DEMAT ACOUNT NO:
DP-ID ACOUNT APP.NO
IN-303108 10065089 >>>> 55847220
IN-303108 10069983 >>>> 55851511
IN-303108 10063753 >>>>
IN-303108 10045106 >>>> 55880964
IN-303108 10065005 >>>> 55847218
IN-303108 10065064 >>>>
IN-303108 10064963 >>>> 55847221
PLEASE REPALEI ON MY EMAIL ID MANISH123_A@YAHOO.COM
M.NO 09315520120
THANKS.
Sir,
I have applied in your Reliance IPO by DD but my Demet a/c no is rong. rong no. is 10473317 but right demet a/c no. 10473312 .
I am in tense. Kindly advise about the followings :-
. my Demet a/c not allotment and not refund me
Kindly advise me what action I have to do in this connection
seema jain manpura wale bundi raod bijoliya
dist. bhilwara (raj.)
Sir,
I have applied in your Reliance IPO Application no. 5-7788298 by DD No. 809382by Bank of baroda,Bijoliya but my Demet a/c no is rong. rong no. is 10473317 but right demet a/c no. 10473312 .
Pan no. AELPJ 7586B
. my Demet a/c not allotment and not refund me
Kindly advise me seema jain manpura wale bundi raod bijoliya
dist. bhilwara (raj.)
Mob. 94132 20390
hello d-mat is the perfect way to earn $ loose money……
may anybody tell me how can i open demat a/c with reliance money as a new and how should i operat the a/c for trading.is any magzine for the purpose.
deoband, saharanpur,up
Dear all,
ANY BOBY INTERESTED TO OPEN DEMAT AND ONLINE TRADING ACCOUNT PLS FEEL FREE TO CALL ME ACCOUNT OPENING IS FREE (NO HIDDEN COST)
THANKS
SONIA NAGPAL-9223265109/022-65234485