Reliance Power the Unluckiest Ipo Ever in India
Vivien asks:
Today the Reliance Power shares further fell by another Rs. 50 and the shareholders seem to have no where to run. The IPO was listed yesterday and opened below the expected price. The share are continued nose-diving today too. Reliance Power is the first company bearing the Reliance tag and showed losses of the listing day. Some experts are saying that the Reliance Power was aggressively priced and the consequences were very much expected.
In various markets, Reliance Power IPO is considered as the unluckiest IPO and believed to gulp down the market completely.
If you remember, the IPO was oversubscribed heavily and consumed a huge and substantial capital from the market. Due to the hype created by Gray Market, the investors collected all their funds and blocked in this unluckiest issue. There were lacking of the funds in market and some believe that caused lots IPOs to withdraw before their closing dates.
The shareholders are crying badly and many places have seen the demonstration against Mr. Anil Amabani. They say that ADA has played with their emotions cunningly with a lust to just become the richest Indian.
Today the Reliance Power shares further fell by another Rs. 50 and the shareholders seem to have no where to run. The IPO was listed yesterday and opened below the expected price. The share are continued nose-diving today too. Reliance Power is the first company bearing the Reliance tag and showed losses of the listing day. Some experts are saying that the Reliance Power was aggressively priced and the consequences were very much expected.
In various markets, Reliance Power IPO is considered as the unluckiest IPO and believed to gulp down the market completely.
If you remember, the IPO was oversubscribed heavily and consumed a huge and substantial capital from the market. Due to the hype created by Gray Market, the investors collected all their funds and blocked in this unluckiest issue. There were lacking of the funds in market and some believe that caused lots IPOs to withdraw before their closing dates.
The shareholders are crying badly and many places have seen the demonstration against Mr. Anil Amabani. They say that ADA has played with their emotions cunningly with a lust to just become the richest Indian.
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