Reliance Power — IPO: Invest or Not

Reliance Power Ltd., is offering 22.80 crore shares in the price band of Rs 405-450 per share. Retail investors have the option of paying in installments with Rs 115 per share being payable on application and the balance on allotment. If you want quick 50-100% profit, It is advisable to apply for 225 shares. I prefer payment method I ( Rs.115/share on application) as the retail portion is expected to over subscribed by atleast 4 times(some say 30 times!).
Consider this:(Source : http://business-standard.com) estimates by stock brokers, determined by the grey market premium of Rs 500 a share, indicate that RPL stock would list above Rs 950 against the issue price (upper band) of Rs 450 on the bourses.

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