Power Finance Corporation Ltd FPO Message Board (Page 28)

670 RAKESH PATEL
672 RIA SHROFF

I GOT MY AUCTION PRICES FROM MY TRADING TERMINAL.

RIA SHROFF, YOUR BROKER WILL CHARGE YOU 217.45 + DELIVERY BROKERAGRE + EXPENSES. YOU WILL BE HAVING A SMALL LOSS IN YOUR TRADE OF 218. BUT THEN YOU HAVE PURCHASED NEW SHARES @ 211 WHICH YOU CAN SELL AND MAKE SOME PROFIT.

Dear Mr. Shravan Agrawal (665)

In case of Coal India, you sold shares at your selling price i.e. Rs. 400/- per share, however, Will you please let me know, what is your selling price in case of NHPC?

@ Shravan Agarwal @ M Gupta thanks a lot for your valuable advice and information provided it happened exactly what mr gupta said it got auctioned on T+2 day itself at mentioned price.
WHERE DO YOU GET AUCTION PRICE FROM PLEASE GUIDE
thanks again for sharing and caring
my queston was I SOLD PFC 1000 SHARES AT 218 ON 18TH AND BOUGHT AT RS 211 ON 2O TH IE WITHIN T+2 DAYS
WHAT WILL MY BROKER CHRAGE ME PLEASE HELP EXPERT MEMBERS

Don't sort PFC. Wait for listing. It must give u 7%(5+2) profit.

@657. M Gupta

Where can I find Auction Rates?

Thanks,
Rakesh

668 MILIND M

FNO ban will be removed when the open position will come down to 80%.

practically this will not happen before shrae are credited to the demat account

Hi,

PFC Combined net postion is 95.11% as per NSE
20-May-11      INE134E01011      POWER FIN CORP LTD.      PFC      23463340      22317000       No Fresh Positions

Now to come out of FNO ban does it have to go below 95% or 80% ?

Thanks
Milind

any idea of the cut off price for the fpo

ARCHIT SHAH

If you are sure based on experience, gut feeling or inside information, that the shares will be in your account on Wednesday morning & your broker allows you to short sell the shares, then go ahead & make a tidy profit. You dont need an expert to advise you that the prices of PFC will go down only as the share allotment day nears.
More the risk, more the profit

Any expert please let me know.

Is it possible to sell pfc on monday may be share will in our account on wednesday.

So we sell on monday and deliver on wednesday.

hi , this is my first post...
hope we can get profit of 15 rs atleast , pfc shud be at 208 at the we get shares in our account...

Hi Everybody,
pfc ka allotment ratio ka agar pata toh koi muhje bhi batao pls

Shravan,

No Problem,I appreciate ur honesty in letting me know ur a long term player. I will be happy if PFC will give u Rs235 on the listing day itself. Also let me know what shares from IPO u have in ur portfolio as recently most of them are going down from there initial listing gains barring few like coalindia. I like to be a test player but whenever i tried i failed like MOIL etc so i preferred to be a T20 player now.

n kumar
I never sell the IPO on listing day unless there is a very handsome gain om listing.
I only apply for those IPOs which I feel should be a part of my portfolio safely in case I do not get a 20% return.
I will not be selling the PFC shares on listing but will wait till I get at least RS 235/- which was the price when the FPO was announced.
It is better to follow other boarders who play a T20 match successfully with IPOs. I am still a 5 day match fan for IPOs

Shravan,

I do get SMS but it started recently i.e after this NTPC FPO. Also of u have applied to PFC FPO can u please notify the date of selling this time so that i will not miss the opportunity.

n kumar
If shares have come in the DP of your friend, you can safely assume that shares have come in your DP also, if you have verified the allotments from the Registrar site. You could have also sold the same with your friend.
Anyways in future you can do it at nearly 0 risk.
Moreover, NSDL & CDSL provide facility wherein the DP holder can check his holdings directly without the broker intervention.

Also you should get yourself registered for free SMS facility with the DP so that every time a share is credited or debited from the DP you get a message.

RIA SHROFF 649

YOUR SHARES WERE SOLD ON 18/05/2011

YOUR T+2 DATE IS 20/05/2011

AUCTION DATE IS 20/05/2011
(THESE DAYS AUCTION HAPPENS SAME OF DELIVERY FAILURE)

TODAYS AUCTION RATE IS AS PER NSE IS 217.45

YOUR BROKER WILL CHARGE YOU RS. 217.45 + BROKERAGE + EXP.
(THAT MEANS YOU REMAIN AT PAR IN YOUR TRADE OF RS. 218)

BUT NOW YOU CAN SELL ALL THE SHARES PURCHASED TODAY AND MAKE SOME 3000-4000 COOL BUCKS

REGARDS

Shravan,

Thanks. It is crystal clear.
Ok i will sell only when i get into my account. I had lost the opportunity once earlier during NTPC FPO as my friend sold earlier than me as he uses ICICIDirect and it shows shares in Allocated securities when it is in his account and i couldn't sell that day as i am unable to see it in my account as i use sharekhan. I lost quite a good amount due to next day selling. Hope all the DPs follow same rules so that all retail investors have same advantage.

@n kumar
The shares have to be delivered to the exchange before 11AM on T+2 day.
Individual brokers have different cut off time to allow the seller to deposit the shares in their DP for submission to the exchange.
But you can safely take that the big Brokers would expect that the shares to be in their DP on t+1 evening so that there in shortage.

If you dont want to take a risk & you are sure of getting the shares in your DP by Thursday, you can sell the shares on Wednesday.
Selling on Tuesday will be risky in case shares are not credited early Thursday morning & Monday will result in sure auction.

Hope it is clear

Shravan Agarwal,

i have a doubt, Suppose if FPO Shares of PFC are getting credited on Thursday, can we sell the stock on Monday/Tuesday? Also is it the same in ICICIDIRECT, Sharekhan or Reliance Money accounts.