Subscribed over 10 times (BSE+NSE) and that sends a gush of excitement among many investors, both savvy as well as rookies. Everyone around has been, and is still talking about the Reliance Power IPO that opened for subscription yesterday. I saw many people opening DEMAT accounts just to apply for this IPO and many still finding ways to apply for the Reliance Power IPO. We Indians are really crazy about Reliance, with many of us mostly driven by emotional sentiments of what Dhirubhai Ambani did to the middle class community decades ago. I heard someone even saying that you should invest blindly in anything that begins with “REL”, maybe true, maybe not, only time will tell. I was going through some writings/analysis/forums/articles today to know more about the frenzy of this Reliance Power IPO. Interestingly, I received an email from one of my close friend on “Why not to invest in Reliance Power IPO”. It seems it is a piece of blog; I tried to search the Internet for its link. However, ...
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