Reliance Power IPO: Part Payment Details: Finance Trading Times

Reliance Power IPO: Part Payment Details

Here are the additional details and table on how to apply for the Reliance Power IPO and how much. The article also contains details about the part payment and table for easy understanding. Not my original Post, but got as a email forward.

RELIANCE POWER LIMITED – PUBLIC ISSUE

Issue Opens On : Tuesday, January 15, 2008

Issue Closes On : Friday, January 18, 2008

A Discount of Rs.20/- Per share to Retail Individual Bidders (Retail Discount)

Price Band : Rs.405 to Rs.450/-

Special Discounted price for Retail : Rs.430/- (Rs.450/- -Rs.20/- discount)
Payment Method I (Part Payment) : Rs.115/- for both Retail & NIB

Payment Method II (Full Payment) : Rs.430/- for Retail & Rs.450/- NIB

Bid Lot : 15 shares &in multiples of 15 there after

Maximum Shares for Retail : 225 shares

Illustration of Bid lots and Application Money:

No. of Shares

Application Amount - Retail Category

Application Amount - NIB Category

Part payment @Rs.115/-per share

Full payment @Rs.430/-per share

Part payment @Rs.115/-per share

Full payment @Rs.450/-per share

15

1725

6450

1725

6750

30

3450

12900

3450

13500

45

5175

19350

5175

20250

60

6900

25800

6900

27000

75

8625

32250

8625

33750

90

10350

38700

10350

40500

105

12075

45150

12075

47250

120

13800

51600

13800

54000

135

15525

58050

15525

60750

150

17250

64500

17250

67500

165

18975

70950

18975

74250

180

20700

77400

20700

81000

195

22425

83850

22425

87750

210

24150

90300

24150

94500

225

25875

96750

25875

101250

240



27600

108000

255



29325

114750

270



31050

121500

285



32775

128250

300



34500

135000

Checklist:

1. Cheque / Demand Draft Should be drawn on Reliance Power IPO – R, (for both Retail & NIB Categories). Outstation cheques will not be accepted.

2. Application and cheque should be signed and dated properly.

3. PAN number should be mentioned in the application and a copy of PAN Card must be attached to all applications irrespective of value.

4. Age of the first applicant should be mentioned in the form. Minors cannot invest in public issues.

5. Demat account is must, DP ID & Client ID should be mentioned in the application.

6. Only Retail Category of investors can bid at “Cut-off” price, others should specify the Bid price at which they want to apply.

7. Bids should be in multiples of 15 shares only and bid price should be in multiples of Rs.1/-

8. Bids below the lower end of the price band & above upper end of the price band should not be accepted.

9. For NRI applications, the cheque/dd should be payable in the location where there is NRI collection banker.

10. In case of bids by other than individuals and HUF or bids by GPA holders, the relevant documents such as GPA copy duly attested, Memorandum and articles of association (MOA) and board resolution etc., must be attached.

ON THE CLOSING DATE i.e., on 18/01/2008

BID FORMS WILL BE ACCEPTED TILL 1.00 PM ONLY.

THE APPLICATIONS WILL BE ACCEPTED ONLY TILL 3.00 P.M UPTO 17/01/2008 AT ALL NON-BIDDING CENTRES

Here is the Review of Reliance Power IPO

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2 Comments: Post your Comments

stocksshock said...(on 15 January 2008 at 17:30 )  
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