Reliance ADA IPO Pvt. Ltd

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This news , Reliance Entertainment plans IPO, really made me feel irritated. Just a week before Reliance Infratel has filed their DRHP, even SEBI has not yet started to review the DRHP this news is hitting the market. I am frustrated with the way they are trying to loot money from the public. It does not looks like capital generation for a company but for an Individual. Reliance Power IPO is still a big question for Reliance Energy Investors. This is the first time SEBI has given approval for a company to raise huge capital for a company with ZERO revenues. Reliance Power is expected to reach the valuations given by promoters by 2016. Stil the name Reliance made investors crazy and that resulted in huge subscription. Only people can answer to these when this IPO is listed. I must honestly say what RNRL valuations at present are upto. This post is a must read for any one, I laughed at it for a long time. A lot more IPOs are expected from the Reliance ADAG IPO Company, I think thats the Business of the company :)

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