Reliance Power IPO - Payment Option and Over - subscription Estimates?
Tad asks:
I have some questions for Reliance Power IPO.
I have some questions for Reliance Power IPO.
- Any body applying above Rs 1 Lac is HNI ?
- Is the Part Payment Facility available to HNI’s also?
And
What are the estimates on Over subscription of Reliance Power IPO for Retail/HNI and Overall?
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Thank you for your questions.
I am too waiting to apply for Reliance Power IPO.
Qn:- Any body applying above Rs 1 Lac is HNI ?
Ans: Yes anybody who applies above 1L(1L will the the total bid amount and not 1L/115) will be HNI
Qn:- Is the Part Payment Facility available to HNI’s also?
Ans: Yes the Payment options for Retailers and HNI are same.
>> I am not applying to above 1 lack.
>>Part payment available (25% of the Issue Price ie. Rs.115) to Both Retail and Non-Institutional Bidders.
>>on RETAIL side With this IPO this famous for sure this will get fully subscribed and may be even 15 times, then we will get only 1 lot each.
>>The HNI category will get oversubscribed from 30 to 40 percent.
We get better chances of allottment in Retail only don’t go for HNI why beacause just 10% of net issue for Non-Institutional bidders.
happy investings