Reliance Power IPO
It was exciting to see the Indian economy growing closer to becoming a mature economy. My random thoughts below on the subject as a novice.
You should give credit to the brothers (Mukesh and Anil) because in the last 2 years after their split-up it is amazing the amount of wealth they have created for themselves and their shareholders. The overall market capitalization of Reliance Industries and ADAG after the split-up is multiple times the value when they were as one single unit. So it is not surprising if you are wondering like me whether the whole story of differences between the brothers and the split-up episode was orchestrated. Anyway it is, the split-up seems to be only for the good and has made all the stakeholders wealthier and happier.
Today Reliance Power announced their IPO which they are claiming on TV to be India’s largest public offering. The IPO opens on January 15 and closes on January 18 in the price band of Rs.405-450/share. They have announced an incentive for individual investors by the flexibility to pay say Rs.110 or so while applying and the balance within 21 days from the date of allotment and a 5% discount. You can read the full news here.
2 Comments
Rashmi
I wonder why there are no posts on your blog post the listing.
Small investors like me have been badly hit.
There is reason to believe that Reliance Power IPO’s lacklustre listing was a handiwork of vested interests, which targeted someone else but managed to harm the interests of the genuine investors.
Instead of giving hope and solace to the worried investors, why was the key financial media ‘talking down the market’ every morning before market hours so as to ensure a depressed market sentiment right from the very beginning of every trading day during the period?
Investors want to know why all Reliance ADAG scrips were drastically hit and hammered even though they belonged to unrelated sectoral groups. Perhaps the role of the rival company should be examined in order to see if there was any collusion between the rival group executives and tainted brokers, who are adept at market manipulation.
The investigating agencies can definitely check whether the manipulation was done from India or abroad. Records could give an indication whether rival camp executives, brokers and international bearish market manipulators met abroad in order to rig the downfall of the market.
Sridhar
Venkat
When I click on the RSS subscription button, I get this error
"Unable to connect.
Firefox can’t establish a connection to the server at 127.0.0.1:5335."
Can you look into this?.
Cheers
-Sridhar