InstantForum.NET v4.1.4SINLetter Investment Forumshttp://forums.sinletter.com/"Asif Suria" asif@sinletter.comThu, 20 Nov 2008 09:27:32 GMT20http://forums.sinletter.com/Topic81-20-1.aspxThe much awaited Reliance Power IPO starts Jan 15th and runs till Jan 18th. After going through<BR>many uncertainties and a long tussle with the SEBI (the SEC equivalent in India) the IPO is all set to go and<BR>is touted to be the largest in the history of the Indian stock market expected to generate Rs 11,700 crore by offering shares of Rs.10 at a premium of Rs.415 to Rs.450. </P><P>Off the total IPO, 9.95 percent is being offered to the public, while the rest will be split equally between the<BR>promoters, Reliance Energy and AAA Projects. </P><P>Another interesting aspect of this IPO is that investors need to pay only Rs 150 on application and can pay the rest after allotment. Also a five per cent discount is being offered to retail investors.</P><P>The stock is slated to be listed on the Bombay Stock Exchange (<A href="http://finance.yahoo.com/q?s=%5Ebsesn">BSE</A>) in early february and that should offer a good arbitrage opportunity between stocks of Reliance Power and its parent company <A href="http://finance.yahoo.com/q?s=REL.NS">Reliance energy</A> as being discussed <A href="http://www.e-investing.in/showthread.php?t=546">here</A>. </P><P>Apparently <A href="http://www.rupya.com/archives/2008/01/05/reliance-power-ipo-form-for-nri/">NRIs can participate</A> in this IPO.</P><P>The impact of this IPO can be described no less than in the words of Reliance Anil Dhirubai Ambani Group chairman Anil Ambani.</P><P>[quote]The Indian capital market is near all-time high and there would not have been a better time to create history. [/quote]Mon, 14 Jan 2008 09:48:32 GMTsinnerJi