Acropetal Technologies Ltd IPO Message Board (Page 8)

Power finance corp tax free bond opens for subscription from tommorrow. it offers 8.5% interest and buy back option after 5 or 7 years. Listing on both BSE and NSE. The value of 1 unit is 5000 Rupees.

Is this better or same like SBI bonds? Any idea guys?

Thanks.
Gane.

Good response for acropetal tech on the third day. .54 subscribed from .13 yesterday.

23.2.2011-Sub nse+bse
QIB-0.29 times
NII-0.09 times
RII-0.39 times
Total-0.29 times
Last date-24.2.2011

Here is my calculations on the SBI bond issue.The current market price from the NSE web site is approx 10480

http://nseindia.com/marketinfo/equities/cmquote.jsp?key=SBINN2N&symbol=SBIN&flag=0&series=N2

This includes the interest accrued from Nov 1st 2010 - 23 Feb 2011 (115 days) which is roughly 3% or Rs 300. So the net premium on these 9.5% bonds is around Rs 180 or 1.8 %.

Now, since these are 9.95% bonds, I would assume that they would command at least .45% higher premium which would bring the total permium on listing to (1.8+.45) 2.25%.

Add to this the interest SBI is paying on your application money and whatever incentives you can get from your broker and the net return comes out to be roughly 3%.

That's the way I calculated it. And this is a very conservative calculation. I reality, I'm expecting 5-6% total return on listing as the prices would fluctuate higher and lower than this average. For me 5% return in a months time is really good for a safe bond like SBI.

SBI BOND amount deducted in some of my bank a/cs.

9.5 bond at 10460 now so this bond itself is at 160 premium excluding interest.

jitendra jain,

Very good info.. how did you get it ?

This grey market is the sole reason for nonsense issues subscribing .People sell kostaks & apply & in the process Junk companies getting benefit.

Onlyipo,
Its already debited from my account!!!

Friends,
Today 9.5 bond is trading at 10440 ie a premium of 1.4% if you remove interest component.Not bad at all.

Your account will be debited after processing of cheque so do not worry, till time branch account has been debited as your cheque is realised then it will be credited.

Thanks CLD.
Hi all,
Can you please let me know on my below query.
For sbi bonds, I submitted the form yesterday and yesterday itself the cheque was realized, did the same happen to you guys as well ?

Bj

I applied on 21st at 10.15 am but amount has not been deducted in my account

STATE BANK OF INDIA - PUBLIC ISSUE 2011 (TRANCHE-1)
Particulars
21.02.2011
22.02.2011
Cum Total
Category
applications
Rs. In cr.
applications
Rs. In cr.
applications
Rs. In cr.
HNI
190
143.741
84
213.335
274
357.076
QIB
205
3068.832
108
333.601
313
3402.433
RET
65336
1674.353
62006
1427.525
127342
3101.878







TOTAL
65731
4886.926
62198
1974.461
127929
6861.387

SBI Bond Rs. 5 Lac application premium jumped to Rs. 15000/16000

Hi
i applied in sbi bond yesterday of 80000 rs.
now i spare 20000 more ...can i add this amount in previous bid or apply for new application?

Dear Sreedhar/and subramanyam nagarajan can any one clarify my doubt that i have applied for the sbi bonds yesterday. After listing in a secondary market can i sell the bonds immediatly and exit with minimum premium? or i need to wait for a long time to exit. Because this is first time i am going for the bonds like this. and if iam keeping the bonds for six months what will be the intrest paid to me? pls share your view on this.

Dear Sreedhar/natarajan/and subramanyam nagarajan can any one clarify my doubt that i have applied for the sbi bonds yesterday. After listing in a secondary market can i sell the bonds immediatly and exit with minimum premium? or i need to wait for a long time to exit. Because this is first time i am going for the bonds like this. and if iam keeping the bonds for six months what will be the intrest paid to me? pls share your view on this.

`OS figures appox Rs. 2000 Cr in retail, SBI can accept upto 9000 crs in Retail Category`

So v may assume that everybody shd get the allotment ... GMP is still
riteshbro sbi bond issue open in retail categary up to 10000cr.green shoe option of 10000cr. retail sub. is 1600cr yesterday.so we surely get confirm and full allotement.retail quata is open upto 10000 cr.

Hi I wanted to find out as to where can i check the rates for the SBI bonds 9.5% i have an online a/c.
Thxs