Query: Reliance Infratel

Query: Can you please tell me about the offer price and expected listing price of Reliance Infratel? when the issue will announce? J.Ramkumar, Lucknow

Thebullishtrends: SEBI has given permission for Reliance Infratel IPO, it will come to IPO market between July-Auguest'08. We are expecting the price band of Rs.590-650. Marketes may recover in the end of June'08 or July'08. Hence Reliance Infratel will get good listing price. We are expecting Rs.230 grey market price for this IPO. Wait and Watch