Retail Individual Bidders and Non-Institutional Bidders are allowed partial payment option in Gammon Infrastructure Projects Limited IPO. Accordingly, there are two payment options available to Retail and HNI Bidders:

Payment option 1:
While bidding, the Bidder shall make a partial payment of Rs. 50/- per Equity Share.

Payment option 2:
This is the standard method of bid payment where investor pay full amount at the time of submitting the bid.

Click here for reference table for both payment options
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Issue Size: 228,000,000 Shares for public
QIB (60%) : 136,800,000 shares
HNI (10%) : 22,800,000 shares
Retail (30%): 68,400,000 shares

IPO Opening Date: Tuesday, January 15, 2008

IPO Closing Date: Friday, January 18, 2008

Price Band*:
Upper: Rs.450/- per equity share
Lower: Rs.405/- per equity share

Bid Lot: 15 Shares

Payment Methods:
1. Partial Payment Method: Rs. 115/- Per Equity Share at the time of bidding
2. Full Payment Method: Rs. 405/- to Rs. 450/- Per Equity Share

Registrar: Karvy Computershare Pvt. Ltd.

* There is a discount of Rs. 20/- Per Equity Share only for Retail Individual Bidders

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Retail and Non-Institutional Investors can also opt for Partial Payment option, which is an added option besides the normal full payment option. However, this option is not available to Qualified Institutional Bidders (QIBs). The two options available to Retail and Non-Institutional Investors are:


Option I: Partial payment option - Rs. 115/- Per Equity Share at the time of bidding
Option II: Full payment option - Rs. 405/- to Rs. 450/- Per Equity Share

Price band of Reliance Power IPO has been fixed to Rs. 405/- to Rs. 450/- Per Equity Share. Retail and Non-Institutional Investors can also opt for Partial Payment option, which is an added benefit as only Rs.115/- per share is to be paid at the time of application. However, this option is not available to Qualified Institutional Bidders (QIBs).

Click here for more details