Reliance Power IPO: Part Payment Details

Here are the additional details and table on how to apply for the Reliance Power IPO and how much. The article also contains details about the part payment and table for easy understanding. Not my original Post, but got as a email forward.

RELIANCE POWER LIMITED – PUBLIC ISSUE

Issue Opens On : Tuesday, January 15, 2008

Issue Closes On : Friday, January 18, 2008

A Discount of Rs.20/- Per share to Retail Individual Bidders (Retail Discount)

Price Band : Rs.405 to Rs.450/-

Special Discounted price for Retail : Rs.430/- (Rs.450/- -Rs.20/- discount)
Payment Method I (Part Payment) : Rs.115/- for both Retail & NIB

Payment Method II (Full Payment) : Rs.430/- for Retail & Rs.450/- NIB

Bid Lot : 15 shares &in multiples of 15 there after

Maximum Shares for Retail : 225 shares

Illustration of Bid lots and Application Money:

No. of Shares	Application Amount - Retail Category		Application Amount - NIB Category
	Part payment @Rs.115/-per share	Full payment @Rs.430/-per share	Part payment @Rs.115/-per share	Full payment @Rs.450/-per share
15	1725	6450	1725	6750
30	3450	12900	3450	13500
45	5175	19350	5175	20250
60	6900	25800	6900	27000
75	8625	32250	8625	33750
90	10350	38700	10350	40500
105	12075	45150	12075	47250
120	13800	51600	13800	54000
135	15525	58050	15525	60750
150	17250	64500	17250	67500
165	18975	70950	18975	74250
180	20700	77400	20700	81000
195	22425	83850	22425	87750
210	24150	90300	24150	94500
225	25875	96750	25875	101250
240			27600	108000
255			29325	114750
270			31050	121500
285			32775	128250
300			34500	135000

Checklist:

1. Cheque / Demand Draft Should be drawn on Reliance Power IPO – R, (for both Retail & NIB Categories). Outstation cheques will not be accepted.

2. Application and cheque should be signed and dated properly.

3. PAN number should be mentioned in the application and a copy of PAN Card must be attached to all applications irrespective of value.

4. Age of the first applicant should be mentioned in the form. Minors cannot invest in public issues.

5. Demat account is must, DP ID & Client ID should be mentioned in the application.

6. Only Retail Category of investors can bid at “Cut-off” price, others should specify the Bid price at which they want to apply.

7. Bids should be in multiples of 15 shares only and bid price should be in multiples of Rs.1/-

8. Bids below the lower end of the price band & above upper end of the price band should not be accepted.

9. For NRI applications, the cheque/dd should be payable in the location where there is NRI collection banker.

10. In case of bids by other than individuals and HUF or bids by GPA holders, the relevant documents such as GPA copy duly attested, Memorandum and articles of association (MOA) and board resolution etc., must be attached.

ON THE CLOSING DATE i.e., on 18/01/2008

BID FORMS WILL BE ACCEPTED TILL 1.00 PM ONLY.

THE APPLICATIONS WILL BE ACCEPTED ONLY TILL 3.00 P.M UPTO 17/01/2008 AT ALL NON-BIDDING CENTRES

Here is the Review of Reliance Power IPO