Payment of balance amount for reliance IPO?
Janay asks:
Dear All
I have applied for reliance IPO using 25% payment option. I would highly appreciate if someone could tell me how much time will be given to me for the payment of remaining balance (after allotment).
Dear All
I have applied for reliance IPO using 25% payment option. I would highly appreciate if someone could tell me how much time will be given to me for the payment of remaining balance (after allotment).
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If you have applied for Reliance Power IPO (as my guess) then you dont need time my dear friend cause what is the tip we got that no will be issued more then 15 to 30 shares cause of 80 times more subscription for that IPO and if this si the story you will be receiving your balance amount after 4th of feb anytime…. I am replyin to this message cause I am also the invester in Reliance Power IPO and paid 25% for the 1lac Rs that meen Rs. 25875/- from 4 diffrent account fo my family member and waiting for the allotment
I hope this resolve your query….
Regards
I have checked few day back with Reliance Office.. they said money will be in account anytime after 1st of Feb 2008. Since my stakes are big and I have to re-invest in further IPO’s
If you are paid more shares than 25K (in all probability that would not be the case, as the retail portion was over subscribed 15 times), then you would be given 12 days to make the payment and the shares would be credited in the next 26 days in your account.
If you are allocated shares for less than 25K, then they will be immediately credited into your account.