WILL MARKET PUT MORE FAITH IN RELIANCE POWER THAN FUTURE CAPITAL??

Yesterday I wrote about Future’s IPO subscribing 27 times but with the today it went to 131 times. Qualified institutional investor’s portion subscribed 106.26 times,26.56 times in retail and 32.50 times in HNIs category (source: moneycontrol.com). The future group must be thanking the invetor for this. Now the thing to look out for will be the level of oversubscription the reliance power gets. Will the investors bestow there blessing on it as well. Presently the race is on and reliance has been oversubscribed 14 times till now. Still two days to go lets see where it ends. But one think is assured that the retails investors have only a small gains to make out of these IPOs….if they get allotments.