Friday, February 8, 2008

Reliance Power To List on Monday

Reliance Power IPO Listing Date was officially informed to the stock exchanges yesterday. Reliance Power IPO will list on the stock exchanges on Monday, February 11, 2008. Listing of Reliance Power limited will be both on the NSE and on the BSE. The announcement regarding Reliance Power Listing date has created lots of expectation amongst retail investors who received allotment. However, the IPO is unlikely to give huge listing gains since the grey market premium is less than Rs. 175at the moment. Just about the time the IPO closed for subscription, there were news reports regarding analysts expecting a listing price of close to Rs. 1000 per share. But this is not likely to happen. Reliance Power IPO Listing Price will be updated here coming Monday.