Tuesday, January 15, 2008

Reliance power IPO

Reliance Ipo was oversubscribed within five minutes of its launch in the share market today. According to last received reports the IPO got an overwhelming 10.5 times subscription. Already billed as the biggest IPO in India it was subscribed to the tune of nearly 1lakh crores, with most subscription coming at the highest band of rs 450.
According to experts they ask people to sell and make quick bucks when they see a profit of a fifty or hundred rupees which is possible in the near future.

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