Reliance IPO: Worst IPO for short term investors

When the news about Reliance Power IPO was prevelant in market there was huge enthusiasm among the retail investors for this historic IPO . lakhs of D'mat accounts were opened in couple of days just before the opening of this so called historic (Reliance Power) IPO of all times but the volatility of stock market along with the US economy woes had it's impact on this IPO and it lost all it's sheen and enthusiasm among investors, no doubt Reliance Power IPO was oversubscribed about 73 times hence the number of shares were equally among the investors who applied atleast for 225 shares as retail investor, investors who applied less then 225 shares were not given any shares so sorry for those investors where as other retail investors got 16-17 shares for each application of 225 shares or > rupees 1 lac investment, but neither they are happy as majority investors purchased shares just for selling them when the issue gets listed on BSE . Hence this Reliance IPO has become a nightmare for short term investors but according to our market analysts " IT WOULD BE A GREAT SUCCESS FOR LONG TIME INVESTORS" the reason for this is that the first reliance energy power plant would be operational by 2012 i.e the revenues would start coming by 2012 which is atleast 4 years from now so it's a pity long period but the returns would be in excess of rupees 1000 per share which makes it a profit of over 115% which is excellent for a span of just four years, the key for getting profits from investments made in Reliance Power IPO is patience and time . so long term investors be patient and definately you will earn over 115% from Reliance Power IPO. for short term investors : markets would remain in same stage atleast upto budget . Reliance Industries is also coming up with IPO's for reliance fresh and it's retail shops this fiscal year. so keep Reliance Power shares at a side for now and consider it as a long term investment. HAPPY TRADING!!