Reliance Power Plans to Offer Bonus Shares

Anil Ambani- headed Reliance Power Ltd said on Sunday that it has planed to offer bonus shares to all its shareholders, excluding the promoter group. This is the first time an Indian company has proposed bonus shares barely a week after listing on the stock exchanges.

The decision taken after the share doesn't do well in the bearish BSE and NSE, most of the traders expected R-power share will turnaround the market to bullish. But, unfortunately it doesn't happen, and the share price fall considerably against listed price. On Friday, the shares closed at Rs 384.70 on the Bombay Stock Exchange.

The decision of issuing bonus share is really good news to the R-power shareholders and we can expect this will create a positive breath in the Indian Stock Market.

Reliance Power IPO - Numbers are really big

The much awaited Anil Ambani Group firm Reliance Power IPO will be list the shares on the Bombay Stock Exchange and National Stock Exchange on February 11.

This IPO has raised Rs 11,560 crore (Rs 115.6 billion), and it is the largest IPO on the Indian capital market,the number of shareholders involved in this IPO is about 42 lakhs. ADAG's power IPO has receieved over 5million bids from all the categories, and the demand of shares worth over Rs. 7.5 trillion.

Here are the excerpts of some big numbers involved in this IPO,

Qualified Institutional Buyers was oversubscribed - 82.5 times.

Non Institutional Investors was oversubscribed -159 times.

Retail investors was oversubscribed -13.6 times.

In the beginning, Reliance Power IPO has faced the PIL(Public Interest Litigation) filed by a Rajkot-based NGO, Grahak Suraksha Mandal in the Gujarat High Court. But, The Supreme Court cleared the hurdles for the launch of this mega Initial Public Offer by ADA group.

Let's hope that this IPO will do some magic in the Indian Stock Market.

What is the right age to start a business?

Before get into the topic, let me check myself whether I'm the right person to talk about this. May be I'm, because I've started my first business in the age of 19. I've started a computer center, it was also focused on various other internet oriented services(I've planned to write brief article about my business experiences , so little introduction is enough for now.)Immediately after my under graduation. I've already mentioned, that was my first business, so needless to say its turned down a failure. So I think, I can talk about this topic.

What is the right age to start up a business? or Is age is the important factor while consider business start up? The answer may be vary person to person, environment to environment. Let we first analyze the pros and cons of starting a business in the young age and in the old age(In this post I used the term old age to represent the people who are all 35+ ).

Pros:

	Young Age	Old Age
1	Eligible to take high risk.	Experience is handy.
2	No family commitments.	Corporate exposure.
3	Innovative ideas.	Matured thinking.
4	Lot of time to experiment	Corporate contacts to achieve things fast.
5	Aggressive to achieve	Patience to do things right.

Cons:

	Young Age	Old Age
1	Lack of experience.	Family commitments.
2	Lack of finance.	Lack energy or passion to achieve high.
3	Un stabilized mentality.	Fear to take high risks.
4	Lack of hi-network contacts.	Time constrain.

By seeing this above table, one can easily understand that both the young age and old age have their own merits and demerits when it comes to business. Then what is the more important thing than the above listed item. The magical word is "Attitude". Yes, you have to have the positive attitude to achieve success in the business at any age. Positive attitude will gives you self confidence, sustain even when things go wrong, never tired of trying and so on...

Have positive attitude. Have a success in your business.

This Week Book Suggestion - 6

"The Google Story" by David A.Vise and Mark Malseed.

This is the book for everyone in business. Especially for the people in internet based business and for young aspiring entrepreneurs. Authors have covered a lot of inside story about Google in this book. It is definitely a worth to read.