But some say that it is not better to buy in part payment.....
When the condition of IPO demands only Part Payment, such requests with "complete payment" would not be entertained- tell your friends they would be refunded all monies due to them within 3 weeks.
.....because.. if the allocated shares are more than wat we have paid then we will ave to pay the money..but the pblm is it will take 2/3 weeks for the payment and within this period it is said that the price will come down....
Sorry but I don't think you wud get MORE SHARES THAN YOU APPLIED FOR. Infact I don't think if anyone wud be allotted more than one or two lots each, having regard to the rate of oversubscription. The excess amount of investor's payment would be adjusted against the purchase consideration of the shares allotted. Refund cases would be dealth with soon.
JFYI- most of the mutual funds are not focussing on this Reliance Power IPO, because it is considered that Reliance's Price Band is hugely inflated. It is not able to sustain the level of desired profits too.