Saw This more detail info of Reliance Power Bonus Issue from Bombay stock Exhchange Website.
Reliance Power Ltd has announced that the Board of Directors of the Company at its meeting held on February 24, 2008, has approved a proposal for issuing free bonus shares to all categories of shareholders, excluding the promoter group (comprising of Reliance Energy Ltd. and the ADA Group), in the ratio of 3 shares for every 5 shares held, subject to necessary approvals.
The proposed bonus offering will result in reduction of the cost of Reliance Power shares below the IPO price as follows:
Rs 269 per share for retail investors, 40% lower than the IPO price of Rs 430.
Rs 281 per share for other investors, 37% lower than the IPO price of Rs 450.
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Just saw on TV that Anil Ambani Group company Reliance Power will give free bonus shares in the ratio of 3:5 to all its shareholders to compensate the losses they suffered after the IPO listing , REL is not going to get any Bonus shares.
Reliance Power today announced a bonus isse in the ratio of 3:5., i.e three free shares for every five shares held by a shareholder.
It was like almost 4.30 in the evening was returning from a temple in chidambaram and was so tired with the traffic and everything , my friend called me suddenly i thought it was something official and he was like is reliance power going to issue bonus shares , I was like are you crazy he said he got an SMs and i said it should be som prank to raise the share price of Reliance power , then came home and checked the moneycontrol website and was nothing found there and finally did a search for it in google and wollah there it is yes , there is something happening with ADAG geroup either they are crazy or they are planning something really good or bad for them .
Reliance Power Ltd plans to issue bonus shares to all equity holders other than the founders, hoping to cheer retail investors after the firm’s shares tumbled following a record $3 billion IPO.Its board is scheduled to meet on Feb. 24 to consider issuing bonus shares and/or other measures which it said would effectively reduce the cost of the company’s shares.
“This will include a proposal for issuing free bonus shares to all categories of shareholders excluding the promoter group, thereby protecting investors from even short-term losses on their shareholdings,” it said.
Source : Reuter
Reliance power closed today 21 percent down today , it closed at 373.5 in the BSE comparing to 430 rs for the retailers , it had made many first time investors a poper on the listing day , no one had expected to go this below par , atleast they where expecting it to stay at par price , it even reached the low rate of 355 rs.Due to this it had brought the whole power sector down and which constiutes the Index stock.All the Reliacne group of stock where in red today .The global meltdown was the reason in this much sell off.
Reliance Power opened at 547 and went o a high of 599 and a low of 426 and now trading at 403 , so its Big flop on the listing day retailers are at a very good loss.
Track the stock here.
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Reliance Power IPO Listing Date is confirmed to the market yesterday and slated to list on Monday, February 11, 2008
BSE Script Code: 532939
NSE Symbol: RPOWER
Listing in: A Group of Securities
Issue Price: Rs. 450/-
(Discount of 20 rs for the retailers)
Face Value: Rs 10/- Per Equity Share
Reliance Power Stock can be tracked here.
Reliance Power IPO is slated to list on feb 11th 2008 , i know why its going to take so long , i also asked the same question , may be these guys are waiting for the money to reach everyone so they cant buy some more of reliance power stock on the secondary market , or you never know they will have some strategy planned before the listing on 11th feb 2008.
Reliance Power IPO allotment status is available now , but just everyone are trying to access it its not working that soon , its taking time to open , so try may be in the nights or try your luck now ,. infact it opens the main page easily in firefox browser for me than internet explorer . May be download firefox browser which doesnt take much time , i have given you the link to download the firefox browser here , download it install it and try it in that.
check the status here: http://www.karvy.com/ipostatus/
Reliance Power IPO Allotment status
Updates : Over 41.7 lakh successful bidders in the retail category will get around 15 shares each while approximately 4.5 lakh retail investors who bid for less than 225 shares would not get any shares according to the allocation as approved.
The excess application money of approximately Rs one lakh crore received from the investors is being refunded to the investors. Post allotment Reliance Power has approximately 42 lakh shareholders. The Equity Shares, offered through this IPO, will be listed on Bombay Stock Exchange Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”) shortly.
Reliance Power IPO Money Refund may happen on Feb 1 2008 , i saw in cnbc today that they might do the refund starting from Feb 1 2008 , which will induce some more money into the Secondary market with Future capital also refunding the money starting this week.
Reliance power IPO which enede today got subscription only for 15 times on the retail side and so it will be firm allotment of 15 shares to all the retailers who had applied for 225 stocks , and the way how it has subscribed on the qib and fii side the stock will list at 300 to 400 rs premium , though the grey market price is coming down still we can see spme good return in the listing price , it will be a good return of investment .The listing might happen anywhere in 2nd week of Feb , come back here for more info .
Reliance Power IPO finally got subscribed almost 73 times and on the retail side its expected around 15 times and QIBs reserved portion subscribed nearly 80 times, non institutional investors 200 times , The final figure is not out , which will be clear tomorrow , if the retail portion of 15 is true then everyone who applied for 225 shares might get 15 stocks or so we will see how it goes until tomorrow morning .
Reliance Power IPO Retail portion subscribed by 9 times until yesterday evening with keeping the pace how the retailers are getting subscribed one can see it may touch 15 to 20 times today .If its 15 times then we can get assured stock of 15 .
Reliance Power IPO subscribed by 24.29 times on the end of 3rd day and until yesterday the retail side was like 4 times or so may be today the retail might have reached around 10 or so will see tomorrow the final figure.but one thing for sure no one will be giving any more money than the initial payment of 25000 or so, as we will not get alloted even a lot of share if it goes beyond 15 times subscription on the retail side.
Reliance Power IPO Subscribed by 13 times on the 2nd day,Its heard that more than 10 lakh forms have been received from retail investors for Reliance Power IPO.We will see the retail figure by today night that will give a ball park of how the retailers will get allotment but nothing is clear until the final day which is friday.
1>Qualified Institutional Buyers (QIBs) 20.6947
2>Non Institutional Investors 6.9704
3>Retail Individual Investors (RIIs) 4.4065
Reliance Power IPO created a records that with this high equity the company has subscribed by 9.5 times on the first day, this is a huge news for the IPO , this news will get the IPO further subscribed .
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