Reliance Power already Over Subscribed
Reliance Power got fully subscribed in the first 60 seconds. A 12000 crore IPO getting subscribed in 60 seconds only shows the strength and the bright future of the Indian markets. The IPO is already oversubscribed 9.4 times with 1 lakh crores collected till 1 PM on day one.
As per our estimates, we expect around 150 times of oversubscription in the HNI category and around 5 times of oversubscription in the retail category. We will keep you updated on the subscription figures. So keep checking this post regularly.
We recommend all Retail investors to go for part payment option. Keeping the expected oversubscription in mind, retail investors may not be required to make any further payment on allotment and should receive fully paid-up shares and should be able to sell on listing day itself. This assumption changes only in case the retail segment of the IPO is oversubscribed less than 4 times and you get an allotment of more than 60 shares.
Oversubscription figures as on 15-Jan-2008 2100hrs:
QIB: 16.2 times
HNI: 7.02 times
Retail: 0.82 times
Oversubscription figures as on 16-Jan-2008 2300hrs:
QIB: 20.69 times
HNI: 6.97 times
Retail: 4.4 times
Final Oversubscription figures:
QIB: 82.619 times
HNI: 190.0231 times
Retail: 14.8716 times
All retail applicants who have applied for 225 shares should get 15 shares allotment. Rest all retail applicants will also get 15 shares but on a lucky draw basis.