Reliance Power,the Anil Dhirubhai Ambani Group(ADAG) company which came out with the largest IPO in the Indian share markets last month has finally completed the procedure of allotment of shares to the bidding investors.Investors have been eagerly waiting for this for some time now.So the wait has come to an end now.If you have applied for this IPO and want to know the status of it just feed in your application number in the link below.

Check your Reliance Power IPO Status here.

The issue brought some tremendous interest in the Indian markets prior to the stock market crash in January.But later on the interest saw some dilution as the investors have lost heavily in the streets.The issue got a whopping 5 million bids and commitment of  around 7,50,000 crores as against the issue size of just Rs 11,500 crores.

The qualified institutional buyers (QIB) segment was subscribed 82.5 times.The non – institutional segment was subscribed around 160 times and 30% of the issue reserved for retail segment was subscribed 13.6 times who also got the shares at a discount of Rs 20 i.e. at Rs 430 per share.

Around 41 lakh bidders in the retail category has been alloted maximum of 15 shares each and the remaining investors who bid for less than 225 shares have not been allocated any shares.The remaining Rs 1 lakh crore is being refunded to the investors very soon.Some time back i also wrote that the grey market is just expecting a premium of Rs 150 instead of Rs 450 before the crash.

There has been a downfall in the interest of the people in this issue due to the market crash but this same issue may become a trigger for a upward movement in the markets in time to come along with the other Reliance pack shares.Just keep a watch at this place for more details on this issue.

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