Saturday, January 5, 2008

Reliance Power IPO

Congrats if you made money out of ElectroSteel and sold it at 100. Great to make 15% within a week. Thats the way to start the New Year!

So, whats the next best investment idea??

Ofcourse, the much talked about Reliance Power IPO. It opens on 15th Jan and closes on 18th Jan. We would definately recommend people to invest in this IPO. For Retail investors, there is a discount of Rs. 20/-. Moreover, you don't even have to pay for the entire sum in advance. Depending on the allotment, you will have to shell out the rest of the amount later on. [Which we feel will not be required as this IPO will be oversubscribed anyways].

Our recommendation would be to wait till 17th Jan. If there is lot of oversubscription in Retail segment, we would recommend you to invest in High Networth segment (over Rs 1 lacs). You will not get the benefit of Rs 20 discount, but hey, we are talking about good profit so who cares for this small discount. Ofcourse, you need to have that kind of money to get into this segment.

All the best for the IPO and Happy Investing!!

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