Reliance Power bonus issue ratio.... update

theIPOguru has a nice article (with computations) on the Reliance Power bonus issue. According to theIPOguru's analysis, Reliance Power's Board is likely to issue bonus shares in the ratio of 2:17. I agree, 1:17 or 2:17 is a more realistic ratio given the kind of price rise seen in the past few days. I had written on this earlier [link] where I had estimated a ratio of around 3:17.