NHPC Limited IPO Message Board (Page 6)

NHPC REFUND IN R/O APPLICATION NO 27860334 NOT RECEIVED

I HAVE NOT RECEIVED MY REFUND IN NHPC MY APPLICATION NO. 3417427
Refund Amount 12600.00
No. of shares applied 525
no. of shares alloted 175
please send fasly.
thank you

I HAVE NOT RECEIVED MY REFUND IN NHPC MY APPLICATION NO. 67774228
Refund Amount 12600.00
please send fasly.
thank you

I HAVE NOT RECEIVED MY REFUND IN NHPC MY APPLICATION NO. 67774228
Refund Amount 12600.00
please send fasly.
thank you

Till now Not recived refund
a) No. of Shares Applied :350
b) No. of Shares Allotted :0
c) Allotment Advice No. :
d) Refund order No. :337710
e) Cheque No. :376672
f) Refund amount (Rs.) :12600
g) Date of Posting :27/08/2009
h) R L No. :337710

TO DAY I HAVE POSTED A MESSAGE REGARDING NON -RECEIPT OF REFUND AMMOUNT,BUT JUST NOW I RECEIVED THE REFUND ORDER. THANKS


APPL. NO - 67917061
REF NO. 620547
DP ID - IN300394
CLIENT ID 14604196
SHARE APPL FOR 2625
SHARE ALOOTED 713
REFUND ORDER NO 224899

thanks
i have since received the NHPC ipo refund only on 11th

by registered post.my application being 7 2764242

regards to everybody

kgn

I HAVE NOT RECEIVED NHPC IPO REFUND AMMOUNT TILL NOW.PLS GIVE ME THE DETAIL INFORMATION

I HAVE NOT RECEIVED NHPC IPO REFUND AMMOUNT TILL NOW.PLS GIVE ME THE DETAIL INFORMATION.
APPL.NO. 67917061
REF NO.620547 (AS SHOWN IN ALLOTMENT STATUS)
DP ID IN300394
CLIENT ID 14604196
SHARES APLLD FOR 2625
SHARE ALLOTED 713
ERFUND AMOUNT 68832/-
DISPLAY DATE 27.08.2009

Did You Pay Double The Price For A Share Of NHPC?
*CLSA*
*NHPC: Will You Buy A Government Bond At 2X The Market Price? Simply stated
why did you buy a Rs 18 stock for Rs 36 per share?*
*(Rajesh Panwani-Head Asia Power Research)*

*Investors have done just that buying NHPC at Rs 36 per share they have effectively ascribed a market cap of $ 9 bn to the company. And this is the fallacy, until investors realise an appropriate entry price into a stock
there chances of making a gain by flipping the IPO stands virtually at nil.*

*Over the last five years the ROE of NHPC has ranged from 4.8 per cent to 6.7 per cent (10 year GOI yield in India is 7 per cent currently). Over the
next 5 years we do not expect the ROE of NHPC to go up much higher than 7 per cent. Meanwhile the price band of the IPO implied a Price to Book of 1.8
to 2.2X on March 2009 net worth. Effectively it means you have bought a GOI owned company that generates similar ROE as return on a Government Bond but is selling at a times Book. As a result your yield drops down to a pauper
like 3.4 per cent or indirectly it gives a PE of 30 to the NHPC stock.*

*On a different plank, NHPC offers exciting growth of 9 per cent CAGR over the next 5 years. Thus, if you were to hold the NHPC stock for 5 yields your earnings yield will go upto 4.8 per cent by the year ending March 2014 and
even then it will imply a PE of 21X FY14 earnings.*

*What you could have done?*

*For investors interested in the Indian Power sector and those expecting stable returns we would recommend buying NTPC which offers higher returns,
lower earnings volatility, predictable growth (and a likely bit higher growth than NHPC), with much better control over its project costs,execution and valuations. *

*So what exactly have investors spent Rs 6000 crore while buying NHPC?*

*Largest hydro power company in India that is 100 per cent owned by the GOI currently. Current Capacity 5 GW. Another 5GW under construction.*

*Why is NHPC's ROE low?*

*1.Long gestation period of hydro power project means that substantial capital is always tied up in CWIP. Unlike HK utilities which earn returns on CWIP, Indian utilities do not earn any returns while projects are under
construction.*

*2.Frequent delays in project execution given substantial
risks/uncertainties involved in hydro power construction. Cost over-runs -which are not always approved by the regulator. Hence you spend the money but do not earn anything on that.*

*3.Over $ 800 mn of cash and equivalents on balance sheet. So why raise another $ 1 bn? Probably because they can in the current market conditions.*

*Will NHPC's ROE's remain low?*

*1. The nature of business does not change. Gestation/execution periods will remain long. Execution risks remain.*

*2. Another $ 1 bn cash is a further drag on the extant ROE.*

*3. In recent years NHPC's O&M costs have not been sufficient to recover all the costs. We also suspect that NHPC is not run as efficiently as NTPC.*

*Footnote:*

*The NHPC issue will be a bloomer on the books of GOI as was RPower on the books of the ADAG group. Unless offcourse the GOI sponspored DIIs pick up the entire slack from the market, the stock can easily move down to Rs 18
over the next few months, where Risk/Reward will seem equal.*

*Secondly, and most importantly the biggest of NHPC projects are being executed in the State of Arunachal Pradesh-a territory claimed by the PR China as it's own. *

*Thirdly, in deference to the wishes of the government of PRC the Indian government had dropped plans to pursue the 20,000 MW upper Siang project and NHPC will now undertake projects only on the middle and lower Siang.*

*Fourthly, all rivers of the North East including the mightly Brahamputra and it's numerous tributaries originate from glaciers in Tibet, where the Government of PRC is planning massive hydel plants. A few years down the
line, there may not be enough water to run the hydel plants proposed on the Siang.*

nhpc has slipped to 33

hi,

i have not recived my refund of nhpc ipo
my application no is 51640210

I HAVE NOT RECEIVED MY REFUND IN NHPC MY APPLICATION NO. 23151446. PLZ DO THE NEEDFUL

MY PH NO : 9831545894

people who are having problem in printing indemnity bond in karvy site , please replace localhost:8080 with karisma.karvy.com in given link.

NHPC REFUND NOT RECD

Application No.      51546347
Reference No.      1945863
Dpid      IN302365
Client-Id      10764869
Disp.Date      27/08/2009
Warr.Date      26/08/2009

recieved refund order today at 1 pm. it is registered post.date is not readable when it is sent.please call karvy at their toll free no. 18003454001 with your mobile only. also there is indemnity bond link is avilable . so wait for one more day , otherwise people need to send them indemnity bond executed on 20 rupees non judicial stamp.

i have many times asking but ur side not reply can u give me ur email id or contact mobile no hyderbad karvy phone no many times i have trying but not connect concen department refeund detail please give me another contact no still date refund not received i have check with ur alotement status website application no is not correct

please give me status following application no stocks alloted oterwise refund detils give me this is for humble request

application no: 88735052/86481925

I have not recived my refund of nhpc ipo.
MY APPLICATION NO :26348991.
plz plz send my status...
Where i should contact. Or send any contact mail address..
When i will get my refund amount??????????????

Friends, If any one holding NHPC shares, please exit from it. Inside news is that price target of NHPC in next one month is 23/-. So please exit.

Dear Sirs,
I have not received Refund Order as per details given below:



NAME OF THE COMPANY : NHPC LIMITED
Application no.83814609 , Refund no. 301320 ,
Reference no.2276466 , Refund Amount 6,300.00

I hereby request you to please issue me the above said Refund Order

Thanks.
PRITI J. PATEL