Reliance–The Saga
Hi I am back again with all my nuisanceJ
Was jus thinking what to write about and surprisingly many many things comes across my mind…Some of them are Reliance IPO’s flop show, Declining IT sector,Banglore,My MBA,Rajni kanth,IPL,IDLY Dosa’s,Madurai,Money,Life is beautiful(Movie),Bad Boys(Movie),NDTV,Buddha,College Life and many many more…I know all reading this will be confused cos everything in this list is not at all relevant or related…But all those came up my mind when I thought what to write about and can write a lot abt each of it. So finally decided for the Reliance story.
So Reliance Power Initial Public Offering was deemed to be and was the biggest IPO in the history of Indian Stock Market. And why not??? An IPO from Reliance is not to be neglected…at least many would have learnt it from the movie GURU (One of my favorites)…You can see any kind of Human (rich,poor,house wife etc etc) at the investors meet of Dhirubhai ambani…And don jus think that was jus a movie…It’s the reality they have shown…Lives of many many thousands have changed dramatically cos of Reliance..cos of Dhirubhai…And it reflected the same in the case of Reliance Power IPO…You could have read stories abt auto drivers…House wives. And practically all who have something to invest going for the IPO hoping their life too will change as it had for thousands during first Reliance IPO.
What started off as a massive ad campaign by Reliance Power to garner maximum support for its IPO showed results when the initial offering was oversubscribed by over 300 or 400 percent (Not sure).And most of the money put into by investors was borrowed money with the belief that it will return high returns enough to repay the debt and with some profits. But everything…may be every dream collapsed when it was listed on feb 11…It was listed during a time market was seeing high volatility…It traded at around 440 and later 380 which was too low of what was expected(Sorry am not that strong at such market technicals so pardon me)..Literally it was on everyone’s mouth. Like some national tragedy…I felt bad for Anil Ambani as I am a great fan of himJ probably it will take time for the stock prices to go up and give some hope to the investors cos my belief is whatever happens RELIANCE will not go down…
Hope the prices come back soon bringing smile on all the faces who invested in it…And Talking abt Reliance I can go on on and on for many pages. It’s the company that truly has inspired the spirit of entrepreneurship in thousands…Is there a business that Reliance cannot do…the answer is a big NO…Want to do business…Do it the Reliance way!!! May be there can be many flaws in their kind of management but what finally matters is how many are benefited. You can be able to find someone near you who had been benefited by RELIANCE let it be even in the smallest of ways.Thats Reliance…
