Reliance Power IPO: Most subscribe in the upper band (The Hindu Business Line 17th Jan 2008)Two days into public subscription, Reliance Power’s 22.8-crore share offering was subscribed over 14 times late on Wednesday evening, according to the composite data on investor response available at the NSE Web site. The company received applications for a total of 321.50 crore shares with two days still to go for the earliest closing date — January 18. Applications for as many as 320.92 crore shares came in at the upper price band of Rs 450 (of Rs 10 face value) while a mere 21.75 crore shares were bid at the ‘cut-off’ price. More Reliance Power premium slips in grey market (The Economic Times 17th Jan 2008)Shrinking grey market premium in the Reliance Power issue, as a result of the bearish mood in the market in the past two sessions, is prompting investors in the non-institutional category to reduce their exposure to the issue. According to market sources, the grey market premium has now sl...
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