For buy the Reliance IPO through icicidirect.com which OPTION Institutional”CLICK RETAIL OR NON-?
Bong asks:
I want to buy Reliance IPo around RS. 100000 through ICICI Ditect.com.I know for Retail investors have the option for paying only 25% means RS 115 per share at the time of applying. Now I want to know , suppose when login to icicidirect.com and click on IPO section. The two option button displayed like “Retail” and “Non-Institutional”.
Suppose I click on “Retail” then how much how much price should be entered for buying 225 shares?
If I m right total amount for buying 225 shares, I will have to pay 225 * 115 =25875 and rest of amount when shares are allocated.
Please clarify my point.
I am right or wrong
I want to buy Reliance IPo around RS. 100000 through ICICI Ditect.com.I know for Retail investors have the option for paying only 25% means RS 115 per share at the time of applying. Now I want to know , suppose when login to icicidirect.com and click on IPO section. The two option button displayed like “Retail” and “Non-Institutional”.
Suppose I click on “Retail” then how much how much price should be entered for buying 225 shares?
If I m right total amount for buying 225 shares, I will have to pay 225 * 115 =25875 and rest of amount when shares are allocated.
Please clarify my point.
I am right or wrong
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you are retail investor, and regarding buying 225 shares, as you know IPOs dont give full allotment on number of share, if the shares are over purchased they end up giving only 10% of your applied units, so its advice to request for more share shares and in the end u get small quanitty, as RIL is on very high note, it wil be oversubscbired by 200 times atleast.
http://www.onlineequitycalls.com/search.php?search=Reliance+Power+IPO
U will have to apply as a RETAIL CUSTOMER
just enter the quantity, it will take the price itself.
thankx
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