General public is being offered this share at a premium of around 450 whereas Ambani bandhus have bought the same share in this company at par at Rs.10 only... Ambani bandhus have bought around 200 crore shares of reliance power some 18 months back for only around Rs. 2000 crores, and now they are offering only 28 crores to small investors in the market at heavy 45X premium at Rs. 450 to collect more than 11,000 crores ???
Reliance invested 2000 crores to get 200 crore shares?
People invest 11000 crores to get only 28 crore shares?
Reliance invested only 2000 crores.
People will invest 11000 crores??
Reliance got 200 crore shares.
People will get only 28 crore shares??
Will anyone accept such a partnership offer in real life?
And then they say they are doing MEHARBANI to the small investors by offering a discount of Rs.20? Are you kidding? Janta ko BEVAKOOF SAMAJAH RAKHA HAI KYA?
Is SEBI sleeping?
I believe this share will fall to Rs. 280 at least as soon as it will get listed.
A stock being offered at 45X premium right in the primary market is way too much...
REL was launched 3 years back, and still its in the development phase... All its promises are still pending and the project is delayed.
R P L is a huge planning and the real time of implementation is far much much more as compared to REL. Still these projects are based on coal supplies from the coal mines and water to run the aspired hydro power projects... Both are scarce resource... Mind you... R P L is not initiating a nuclear power plant!
Moreover, I even doubt on the overall profittability of these power projects... They are impressive in terms of their envisioned sizes but aren't impressive in terms of ROI... Take the example of Powergrid... Its still hanging between 140 and 155 since long time... whereas most of the other frontline stocks that were in that bracked along with powergrid have appreciated impressively in last 2 months! Powergrid is lagging too much! And don't expect a jump up in powergrid because nothing breakthrough is going to happen with these power based project other than steady secured earnings IN THE FUTURE based on investments and that too in low profit margins!
Look for high profit margin sectors... there your money will grow even 10 folds...
Regarding reliance power, there's one simple question in my mind... ITS GOOD TO COLLECT 11000 CRORES FOR THE PROJECT THROUGH IPO.... BUT NOT FOR THE AMBANI BANDHUS... I SAY... GIVE SHARES TO PEOPLE AT PREMIUM, BUT 45X????
I say,, they could have even collected 11000 crores by offering 112 crore shares to general public for Rs.110 rather than 28 crore shares to public at 45X at Rs. 450 each!
In this IPO offer, its clearly visible that overall, share holding of Ambanis will by 200 crores whereas of people will only be 28 crores... Poor people... truly...
And I believe this IPO offer is not to just collect money for the project, but this is only to HELP AMBANIS REMAIN THE BIGGEST SHARE HOLDERS OF THE PROJECT FOR ALL TIMES TO COME!
Was this information helpful?
