Reliance power is the stock that is Mixture of two buzzword of Indian stock market. First Reliance because every stock that is related to the name reliance is showing great returns and second is power, everybody is saying that there is a great prospect in this sector. So Ambani JR like His father and elder brother is quick on seeing this as an opportunity and decide to roll out the IPO of his new company named as Reliance power Ltd. This will generate About 28200 Mega Watt of power throw its 13 projects across India (May Be in three years time).
Before rolling out the IPO there is lot of speculation in the grey market about this issue. RPower share was traded nearly Rs 900 In this market. This really starts the Game for Mr. Ambani. This issue is over hyped by everybody because everyone is looking to cash in, It’s not only the Anil Ambani, All the Stock Brokers and how ever can relate Them self with this issue ,all ready to make money. When IPO Came IT is subscribed fully in the 60 sec and subscribed 72 times the biggest IPO of Indian Stock Market nearly roll out the Rs 80000 Cr out of market to Mr. Ambani’ s Pocket.
Just after the IPO Closed, There are concern in American economy, American federal reserve cut interest rate twice in the period of 10 Days to save there markers. This global hick up just blown away the Indian market and investors are taken by surprise. New investors lose too much and they are shocked. Market came down from flying 21000 to 16000 investors loose 6 lack crore in two days time. This slow down in market cause investors feared a bit that eventually cause RPower Listing below the issue price.
Now everybody is hiding their face specially those who fooled the small investor by saying that I will double your money in a months’ time. Than the face saving excises came from ADAG group. They try to show that they care for their investor by declaring the bonus share to every investor. But actually they care for only there self not the common investor. In reality ADAG group is Making ground for their next two IPO that is reliance INFRATEL LTD. & Reliance Entertainment (commonly known as BIG Music and BIG 92.7 Fm) they knew after seeing what happened with IPO of Emmar MGF and whochart ,notbody will be giving their money to them………………