Analysis and Insights into the world of IPOs and investing in India

Thursday, January 31, 2008

Reliance Power IPO Allotment Update

Reliance Power IPO was closed on January 18, 2008 and was oversubscribed 73.04 times as under:
QIB: 82.62 times
Non-Institutional Investors: 190.02 times
Retail: 14.87 times
Overall: 73.04 times

Reliance Power IPO General Allotment:
3 Lakh Applications are rejected while 43 lakh applicants are allotted 15 shares each.
4 lakh investors, who has applied for less than 225 shares, will not get any allotment and their amount will be fully refunded. The refund process will begin from tomorrow, i.e. Friday, February 01, 2008.

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