Reliance Petroleum IPO allotment basis announced

The recent IPO of Reliance Petroleum Ltd which received tremendous response from all sections of investors has announced the allotment basis for investors who have applied in the IPO. The allotment basis can be viewed at Karvy website

The retail investors who have applied for 1600 shares have received confirmed allotment of 116 shares. The premium for the stock in grey market is said to be around Rs.22 to Rs.30 over the IPO price of Rs.60.

Source : Equity Bulls

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