Power Finance Corporation Ltd FPO Message Board (Page 32)

593. Scorzeny
Did you say discount?
How can it be?
If kostak price is 3800, how stock can be in discount?

Kostak price of PFC is 3800 rs. and share premium (-)2 rs. discount here in Bhavnagar,Gujarat on 16-05 evening.

if any body hold his position in SKS microfinance the put your order in amo this is the right time to sell this stock and book your profit otherwise big loss in this company.
you can see today what happened so don't expect tomorrow and sold it
save your hard earned money.

Please some body tell me.
I have applied for 84 Shares. How much i will get the allotment.
moreover when will be the listing.
thank you

IF YOUR PAN NUMBER IS WRONG AND YOUR DEMAT NUMBER IS CORRECT I HOPE THE SYSTEM WILL NOT OPEN YOUR APPLICATION AND SO YOUR APPLICATION WILL NOT BE PROCESSED BUT YOUR CHEQUE WILL BE CRDITED AND RETURNED BACK IF YOU HAVE FILLED PYSICAL APPLICATION HOWEVER WAIT FOR THE SAME BUT IF YOUR BROKER HAS CORRECTED IT AS YOU SAY YOU CAN GET ALLOTMENT AS ONE DAY IS FOR CORRECTION 580. Dushyant verma May 16, 2011 4:37:02 PM IST | Like | Report Abuse

Dushyant verma's - IPO Recommendations, IPO Comments, Public Profile

Hey experienced boarders,,, just need your help.
I applied for PFC FPO and by mistake i wrote the wrong PAN no.
Later, i get call from the broker on 14th and he asked for correct PAN no which i told. Now the broker says that it is very hard to get allotment in such cases and it depends on the Registrar. Karvy told me that they can say anything before allotment.

So will i get any allotment in this case?
plz reply,,thanks in advance....

SAIL FPO likely by June 14 to seek Sebi nod by month-end
Press Trust of India / New Delhi May 16, 2011, 18:51 IST

Steel plantThe much-awaited Rs 8,000 crore follow-on public offer (FPO) of state-run Steel Authority of India (SAIL) is likely to hit the capital markets by around June 14, while the steelmaker would file the prospectus for the issue by the end of this month.

"Red Herring Prospectus (RHP) is expected to be filed by the end of this month, while the FPO would hit the market around June 14. However, the exact dates will be finalised by the board in its meeting on May 23," SAIL Spokesperson RK Singhal told PTI.


SAIL Chairman CS Verma last month had said that the FPO would hit the markets in early June.

The FPO of SAIL, in which the government holds a little over 85%, has failed to meet deadlines repeatedly since December last year due to unfavourable market conditions and problems with merchant bankers.

According to the Bombay Stock Exchange data, the shares of SAIL have declined by about 19% since January and today also it closed at Rs 152.25 apiece on the BSE.

SAIL is also expecting that its RHP would be cleared by the market regulator Sebi on a fast track basis as it fulfils the criteria of having continuous profits in last three years and a turnover or market capitalisation of over Rs 50,000 crore.

However, delay in SAIL's FPO thwarted the achievement of the government's divestment target for the previous fiscal and it could only raise over Rs 22,000 crore against the target of mopping up Rs 40,000 crore through stake sale in state-owned firms.

The government has set a target to raise Rs 40,000 crore through disinvestment in state-run firms in the current fiscal as well.

The government plans to go for disinvestment in SAIL in two phases. In the first phase, it plans to raise Rs 4,000 crore by divesting five% government stake, while the company will raise fresh equity of the same proportion.

In the second phase that is yet to be announced, another 10% stake sale would be undertaken by SAIL through the FPO route.

At present, the government holds a stake of a little over 85% in SAIL. Post-FPO, its equity in the company is expected to go down to about 69%

Thanks Sreedhar for the info
@ Kapil -> yes u r correct

PFC Kostak 4000-4200, Confirm-1.5-2.00 Discount.
Sujangarh Greymarket.

Sriram,
I derived it from BSE-NSE demand graph.Rest assured you will get 496-497 shares.

@580 you will get allotment as per allotment proces. Pan no can correct beetween allotment.

Kapil T – You are 100% correct.
Sri Ram – You are not correct.

The effective subscription of RII may be between 1.90 To 1.95 ( Considering the Price Bid & Technical Rejection)

Sreedhar -

Thanks for the info ,
But I have got a doubt , I checked both nse and bse website and the price bids constitutes of 25 % ( but not sure as Kapil said unless cutoff is explictly ticked on even 203 would be treated as price bid , please confirm this).

And one more query sreedhar , from where did you got the information that only 17 lakh price bids were actually below 203.

Dear KK Natrajan,
Placed order at 212 today.Didn't executed.My PP is 2 Rs higher than u.Let's see tomorrow.

Sriram,Vasnat,Kapil,
PFC Subscribed 2 times in retail.Only 17 lakh price bids were below 203.Taking that into consideration retail subscribed 1.97 times.So after technical rejections,withdrawals etc you will get 496 or 497 shares.

Hey experienced boarders,,, just need your help.
I applied for PFC FPO and by mistake i wrote the wrong PAN no.
Later, i get call from the broker on 14th and he asked for correct PAN no which i told. Now the broker says that it is very hard to get allotment in such cases and it depends on the Registrar. Karvy told me that they can say anything before allotment.

So will i get any allotment in this case?
plz reply,,thanks in advance....

Sri Ram - I have not checked the data. But usually the bids don't get eliminated to this extent.

I applied for 280 shares, how many I should expect? thanx

Sri Ram - My understanding is that if someone submits a bid at 203, it will not be treated as cut-off unless he explicitly ticks the cut-off check box. So some of the price-bids would need to be accounted for as they may be for 203.

Sri Ram it means in full application get 650 share pls conf?

Vasnat -
Since the retail subscription was 75 % at cutoff and 25 % are price bids .These price bids are below rs 203.
so 75 % is only effective - > 75 % of 2 is 1.5 times
so finally effective subcription is only 1.5 times but not 2