Allotting ?I applied for 30 Reliance power IPO, they have deducted Rs. 3450/- from my account?
Elna asks:
Reliance Power IPO : Have they already started allottment ?
Because they have deducted Rs. 3450/- from my account.
Does it mean they have allotted my shares ?
which is the exact date of allottment ?
Reliance Power IPO : Have they already started allottment ?
Because they have deducted Rs. 3450/- from my account.
Does it mean they have allotted my shares ?
which is the exact date of allottment ?
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no sir. They have not started allotted.
They are debiting your account with Option 1 (Rs. 115/- per share as part payment from total of Rs. 430/-) If allotted, you will again be required to debit your account with balance.
No.. The allotment has not yet begun.. It takes atleast 15-20 days to complete this process.
There were two options when u had applied for the IPO. In the part payment option, u could pay only 25% of the amount in the beginning and the rest later during allotment. IF u had chosen this option, then 25% of the price for which u had applied would be deducted.