Oke champs should I buy Reliance latest IPO offering or not

[Guest dada_rocks]

Expert's advice needed please..

[beetle]

I asked hubby the same question ..:omg:. He said,"you are becoming so money minded".....

[Gambit]

A must have. But it's been oversubscribed 6 times over already.

[Gambit]

BTW what happens when an IPO is oversubscribed? Does the company issue shares on a first come first serve basis or do they allocate shares commensurate with each investor's investment?

[apocalypse]

Buy it

[Guest dada_rocks]

I asked hubby the same question ..:omg:. He said,"you are becoming so money minded".....

Tell him; u will thank me 50 years down the line:cantstop:

[Guest dada_rocks]

A must have. But it's been oversubscribed 6 times over already.

Deal is like this depending on how much u are applying for u will get some percentage of ur demand noone is going to get 100% of they ask for..

[Guest dada_rocks]

As a standard practice, the shares issued to each investor get proportionately reduced. The prospectus makes it clear, in the chapter titled "issue structure", whether the allocation for "retail investors", "non institutional investors" , QIBs and Employees would be on a proportionate basis.

What are these.. most probably an indpedent investor will come under retail investor section, right ?

[theguyinallblue]

amidst all this hoopla..Future Group's IPO is somewhat lost...But IMO...its return will be more profitable.. Reliance wala pata nahi Kitna Milega....

[Guest dada_rocks]

Buy it

Chalo I got endorsement from one the the veterans here.. I was inclined towards it too for two reasons (1) Someone is doing sthg about abysmal infrastructure hence they need to be supported (2) It's reliance so rest assured one won't lose money big time

[apocalypse]

Chalo I got endorsement from one the the veterans here.. I was inclined towards it too for two reasons (1) Someone is doing sthg about abysmal infrastructure hence they need to be supported (2) It's reliance so rest assured one won't lose money big time

It is going to be much better than any investment here in US atleast. Let me research about it though. potential is lot because of great working of Reliance Power

[Guest dada_rocks]

I have decided to throw $5000 agar ghata hua na to Apo teri khair nahin:giggle:

[apocalypse]

I have decided to throw $5000 agar ghata hua na to Apo teri khair nahin:giggle:

Are you only investing in this? I think you should have a varied portfolio agar fayda hua to share milega kya :D

[Guest dada_rocks]

IF I make 100% in an year u get 1%:giggle:

[yoda]

dr, are you using a non-NRI account setup in India for this or investing as an NRI?

[kabira]

dada, $5000=2 lac Rs, that means if issue is oversubscribed 25 times you will get shares worth 8000 Rs only..and in long run like year or two, you might triple it...On first day itself you will get double.

[Guest dada_rocks]

dada' date=' $5000=2 lac Rs, that means if issue is oversubscribed 25 times [b']you will get shares worth 8000 Rs only..and in long run like year or two, you might triple it...On first day itself you will get double.

Throw some more light on that, how that works.. I soend 2 lac and get share worth just 8000 .. even if it triples I am stuck with just Rs 24000 sound sthg amiss .

[Guest dada_rocks]

dr' date=' are you using a non-NRI account setup in India for this or investing as an NRI?[/quote'] It's not in my name it will be in my father's name so non-NRI account..

[kabira]

if issue is oversubscribed... for example..if Reliance has 100 shares, 10 Rs each..They have 1000 Rs/ worth share..Now public has bid 25000 Rs, i.e its 25 times oversubscribed, so everyone gets 1/25th of their bid..If you have applied for 10 shares you get 2.5 shares.. As per rules per applicant cannot apply for more than 1 lac Rs worth of shares..

[kabira]

dada, if you have only one account, you will only be able to invest $2500