RPOWER D-Day

Monday, February 11, 2008

RPOWER D-Day

What is in stock for RPOWER in the coming days?

Today, Reliance Power was listed at Rs. 530/- and dived within minutes of the bell.

Reliance Power settled at Rs 372.50 on BSE, a discount of 17.22% over IPO price of Rs 450. It debuted at Rs 547.80, a premium of Rs 21.73% from the IPO price. Volumes in the stock were high. On BSE, 6.38 crore shares changed hands in the counter.

Those who had invested in the Reliance Power IPO have incurred a loss of Rs 77.50 per share. Retail investors who had got a discount of Rs 20 per share, have suffered a loss of Rs 57.50 per share. Market men had initially expected the price to double on debut, but stock market turmoil had lowered investor risk appetite and expectations were toned down subsequently with market men expecting a premium of about Rs 75-to Rs 150 above the IPO price on debut.


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