Regarding Reliance Power IPO?
Marco asks:
I heard that retail investor would be alloted only 30 shares of the Rel Power IPO irrespective of the size of the application (anywhere between minimum to 1 lac), is it correct?
I heard that retail investor would be alloted only 30 shares of the Rel Power IPO irrespective of the size of the application (anywhere between minimum to 1 lac), is it correct?
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It is not correct, it’s only speculation.
The correct figure will only be know after the issue closes on 18th Jan.
Depending on how much the issue has been over subscribed, we will come to know how many shares will be alloted.