Posted on: Jan 16, '08

Reliance Power IPO
I have been trying to track this news. I am going crazy listening at the figures that are coming out.
- It got subscribed in a single minute on opening. Rs 17K crores was the figure.
- By the end of day more 1lakh crore ruppees were invested in the IPO.
- That more than customs collection made by the Govt.
Thousand of people have opened new Demat accounts with ICICI Bank, India info, Reliance Money, Sharekhan.com etc
People are even being paid by punters to subscribe to this issue. A demat account holder can earn rupees 2000 for just being a benami subscriber.
The share market index has fallen as people are selling of existing share inorder to subscribe to this issue.
This IPO has driven people crazy.
Tags: share khan, reliance power, ipo, icici bank, reliance money