Wednesday, January 2, 2008

Ipo news

Reliance power - expected offer price 430 to 450-

Grey Market -340 to 360

BGR Energy :

Listing date is out.
Listing date - 03 Jan.

IPO Discount :

SEBI allowed companies to offer discounts to retail investors.

Reliance Power will be the first to offer discount to retail investors.

Grade:

Reliance Power Limited IPO - Grade 4

Imp: One should apply for reliance power IPO. Its expected on last week
of January or 1st week of Feb. Retail investors can bid for 1 lkh quota
by Rs. 25000/- margin payment only. If alloted more than 25000(Looks
very rare as issue expected to subscribe 15-20 times) then will have to
pay the rest in next 9 days else your amount shall be forfieted.

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