Reliance Power IPO Listing Price

Monday, February 4, 2008

Reliance Power IPO Listing Price

Reliance Power would probably get listed at a premium of Rs 150 over its issue price of Rs 450. So, it should list at about Rs 600. It is likely to get listed either on Friday or Monday.

Looking at the revival of sentiment in the secondary market, it would probably get listed at a premium of Rs 150 over its issue price of Rs 450. So, it should list at about Rs 600.

It is likely to get listed either on Friday or Monday. If it gets listed at around Rs 600, we can see huge selling coming in from the HNI category because they are breaking even at Rs 145-150 levels. The HNI category had been subscribed 190 times but the final tally shows a subscription of 160 times. This means there was a withdrawal of 30 times from the HNI category. So, there will be selling pressure from that category.

Since the retail category has received a discount of Rs 20, they may continue for sometime and remain invested in the issue. Overall, there will be selling pressure. Whatever price it gets listed, one would see the price softening by about Rs 50-75 from those levels, unless the whole quantity gets absorbed.



But, personally I am expecting a premium of 100% within 2 weeks, ie. Rs. 900/- per share


See also...


Reliance Power has 42 lakh shareholders

Reliance Power IPO Listing

Reliance Power IPO Allotment Status


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