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(Note: Below information is compiled from the IPO prospectus document, news sources and information provided by stock exchanges. Please refer to the Red Herring Prospectus or contact the registrar of Reliance Power IPO for more information.)
1. Where do I check Reliance Power IPO allotment?
Click here http://203.199.177.158/ipo/ to check Reliance Power IPO.
2. What do I do in case or irregularities in my allotment?
Contact registrar of the issue at:
Karvy Computershare Private Limited
Plot No. 17-24, Vittal Rao Nagar
Madhapur, Hyderabad 500 081
Tel: (91 40) 2342 0815/ 2342 0816
Tel (Toll free): 1 800 3454001
Fax: (91 40) 2342 0859
Email: reliancepower.ipo@karvy.com
Website: www.karvy.com
3. I applied for 225 shares (15 lots), but didn’t receive any shares. I should have got 17 shares as other people as there was firm allotment in this category. What went wrong?
Chances are there that you application got cancelled. There could e multiple reasons for application cancellation. Some of them are wrong information provided, multiple applications with same PAN number, cheques didn’t get cleared on time, wrong demat account information ect.
The only option to find out what went wrong is to contact registrar of the issue. Registrar contact information is provided in other questions on this page.
4. When should I expect Reliance Power IPO allotment?
Book Building IPO allotment status is usually available in 15 days of IPO closing date. Reliance Power IPO allotment is expected on 01 February 2008.
5. When do I get Reliance Power IPO refund?
Registrar of the IPO start processing IPO refunds just after allotments are done. It usually takes 3 to 5 days for processing ECS and 3 to 10 days to receive refunds though cheques after the allotment date.
For general refund related question visit out IPO FAQ section.
6. Whom do I contact in case I do not get refund in 10 days of allotment?
In general, registrar of an IPO is responsible for share allotment and refund processing. An investor can contact registrar of Reliance Power IPO on below address for any clarification, problem or doubt about the refund of Reliance Power IPO.
Karvy Computershare Private Limited
Plot No. 17-24, Vittal Rao Nagar
Madhapur, Hyderabad 500 081
Tel: (91 40) 2342 0815/ 2342 0816
Fax: (91 40) 2342 0859
Email: reliancepower.ipo@karvy.com
Website: www.karvy.com
7. Where do I check the Reliance Power Basis of Allotment?
Basis of allotment document is usually made available in 2-3 days after allotments are done by registrar. Visit our Basis of Allotment page for Reliance Power Basis of Allotment at:
http://www.chittorgarh.com/newportal/ipo_basis_of_allotment_list.asp
8. What will be the listing date of Reliance Power IPO?
Reliance Power shares listing at BSE and NSE stock exchanges is expected at the end of first week of February. We publish the listing date and other listing information as soon as they are made available by stock exchange. Visit Reliance Power IPO detail page for latest information.
9. What price has been fixed for Reliance Power IPO?
Reliance Power IPO price has been fixed at Rs 450 per share. For retail investor the issue price is fixed at Rs 430 as retail investors got Rs 20 discount.
10. Where do I find the final retail subscription of Reliance Power IPO after stop payments of cheques?
Stock exchanges (BSE, NSE) provide a platform for investors to bid for shares available in Initial Public Issue IPO. All the bids placed for an IPO goes in to Stock Exchanges database. This bidding info is made available to the investors and updated every hour when IPO is open for bidding.
Once the IPO is close for bidding, stock exchanges stop accepting any more application changes from investor and provide all information to the registrar of the issue. Registrar of the issue is further responsible for validating the data and processing allotment.
If an investor stops the cheques payment or registrar is fail to get the application amount, they suspend the application. This information is not provided to the public on day to day basis. The final valid applications detail is only available in the Basis of Allotment document published by the registrar of the issues after allotment is done. There is no way to get this detail before BOA document is published.
8. I paid partial payment for Reliance Power IPO (25875/ for 225 shares). As issue oversubscribed 15 times in retail I will get shares for less amount. Can I do trading on the listing day? Or
Will the amount adjusted for partly paid share?
Yes, If [(No. of allocated share * Rs 430) < Amount paid on application], shares will be transferred to investors account before the listing day of Reliance Power IPO.
Lets say you get allocated 20 shares of amount Rs 8600 (20 * 430), which is less then Rs 25875 you paid with application. As company got the money for shares they are allocated you, you will get shares in your demat account before listing and remaining amount will be send to you through ECS or Cheque.
9. Will the partly paid shares list on the same day?
If [(No. of allocated share * Rs 430) < Amount paid on application], shares will be transferred to investors account before the listing day of Reliance Power IPO.
There are cases where partly paid shares may not available for trading on listing day as per above formula.
For example if an investor applied for 1 lot (15 shares) using partly paid option and paid Rs 1725 along with application. As issue subscribed around 15 times there is a good chance that one out of 15 people who applied one lot will get one lot allocated. A lucky person who get this allotment by lottery may not able to sell his shares on listing as company didn’t get the full value of the share has been allocated (i.e. Rs 6450).
10. What action will be taken against investor who intentionally directed their bank for "Stop Payment"?
Registrar or the issuer company can only default the application (reject the application) if they are unable to receive payment. No other actions are taken on those applications or applicants. These applications are not considered for allotment.
There are many reasons for application rejections including you bank account doesn’t have enough amounts, duplicate PAN number provided, incomplete application form etc.
The detail of how many applications are considered for allotment is provided in Basis of Allotment document which is published by the registrar of the issue after finalizing the allotment.
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Visit Reliance Power IPO page for:
- IPO current status, IPO News and discussions;
- Reliance Power IPO Allotment Date, REPL IPO Allocation, Reliance Power IPO Allotment Status, Reliance Power IPO Application Status;
- Reliance Power Basis Of Allotment;
- Reliance Power IPO listing date, IPO listing at BSE and NSS and Grey Market Price;
- Reliance Power Shares ISIN Number, BSE Code, NSE Symbol;
- REPL IPO Refund Information, Reliance Power partial payment and registrar contact detail.
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