Power Finance Corporation Ltd FPO Message Board (Page 44)

Subscription till 14:00 (NSE+BSE)
QIB-2.91
NII-0.01
RII-0.18
EMP-0.13
Total-1.52
subscription picking up

DABBA TRADING
DABBA MEANS BOX AND A DABBA OPERRATOR,IN STOCK MARKET TERMINOLOGY IS THE ONE WHO INDULGES IN DABBA TRADING. HIS OFFICE IS LIKE ANY OTHER BROKERS OFICE HAVING TERMINALS LINKED TO THE STOCK EXHCANGE SHOWING MARKET RATES OF STOCKS. HOWEVER THE DIFFERENCE IS THAT THE INVESTORS TRADES DO NOT GET EXECUTED ON THE STOCK EXCHANDGE SYSTEM BUT IN THE DABBA OPERAORS BOOKS ONLY. A DABBA OPERATOR ACTS AS A PRINCIPAL TO ALL THE TRADES AND NOT AS AN AGENT OF THE CLIENT. HE IS A COUNTER PARTY TO THE TRADES, WHEREAS HE SHOULD BE HE CLEARING CORPORATION WHO GUARANTEES TRADES ON THE BOLT/NEAT SYSTEM. THIS KIND OF OPERATION, WHERE TRADE IS KEPT WITHIN THE BOOKS OF THE OPERATOR IS CALLED DABBA IN THE POPULAR MARKET TERMS

POWER FINANCE CORPORATION LTD - NSE Bid Details                        
Updated as on 12 May 2011 at 1300 hrs                        

Sr.No.      Category      No.of shares offered/reserved      No. of shares bid for      No. of times of total meant for the category

1      Qualified Institutional Buyers (QIBs)       114638937      313412176      2.73

1(a)      Foreign Institutional Investors (FIIs)            58466772      

1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)            252364868      

1(c)      Mutual Funds            361508      

1(d)      Others            2219028      

2      Non Institutional Investors      34391682      226744      0.01

2(a)      Corporates            98504      

2(b)      Individuals (Other than RIIs)            128240      

2(c)      Others            0      

3      Retail Individual Investors (RIIs)      80247257      9774184      0.12
3(a)      Cut Off            6808480      

3(b)      Price Bids             2965704      

4      Employees (EMP)      275464      112      0.00

(a)      Cut Off            56      

4(b)      Price Bids             56      
      Total      229553340      323413216      1.41

341. Sameerjaipur,
Not yet. Waiting for QIB closure after which the gap between the CMP and Futures (a whooping 10 Rs!) may narrow down and thinking of covering in the range of 212-215. Let us see how it pans out.

In NSE & BSE at 1PM:
QIB-2.73 + 0.13 = 2.86
NII-0.01 + 0.00 = 0.01
RII-0.12 + 0.05 = 0.17
EMP-0.00 + 0.13 = 0.13
Total-1.41 + 0.13 = 1.44

Only in BSE at 1PM:
QIB-0.13
NII-0.00
RII-0.05
EMP-0.13
Total- 0.865

Only in NSE at 1PM:
QIB-2.73
NII-0.01
RII-0.12
EMP-0.00
Total-1.41
Looks very good subscription

Dear Boarders, Fundamental principle is the IPO in which there is less subscription will earn handsome profit.
QIB will cross 6+ times till evening & HNI will jump TMR with retail.

Rsquare

why can u get the exact information at 12:50? Can u give exact site

future ven. Ko recomand karnay walay sub broker ak sur may phir isko apply karnay ko bool rahay hi,Yah nahi bata rahay jab 5000 carors ka selling pracer ayga tab buy kaun karay ga.

QIB 2.80 TIMES OVERALL 1.49 TILL 12:50

Dear KK Natrajan,
Have u squared up ur position in F&O.

Subscription till 12:30 (NSE+BSE)
QIB-0.48
NII-0.01
RII-0.15
EMP-0.13
Total-0.29
Looks very poor subscription

Dear Sir,

You can always apply from OD account for ASBA, there is no rule where you have to transfer money to your saving account, for ASBA you have facility for third party funds also, where in you can block amount from other party account for your application ( please refer any of the ASBA forms )

i just checked subscription...what d hell is goin on???nothing subscription...0.17 times....what's goin on man??i m just surpriced to know..

WHAT'S CURRENT GMP OF PFC ?

QIB ka book closure kab he?aj ya kal???

No message since day opening... very strange

DEAR BOARD MEMBERS,

THOSE WHO HAVE SHORTED FUTURE CAN HAVE 2 (2LAKH APPLICATION) TO COVER THERE HEDGE.

LOOKING AT PRESENT MARKET SITUATION PFC FPO IS NOT GOING TO GIVE GOOD RETURN AND GREY MARKET FORM VOLUME IS VERY VERY LOW. I WOULD ADVISE TO AVOID OR APPLY FOR 20-40% OF YOUR IPO/FPO CAPITAL.

MAXIMUM SUBSCRIPTION SEEN AT 3000 CRORES (RETAIL) 2X OF ISSUE RETAIL PORTION.

278. A g pujari , 282. pure satta

Dear A pujari and Pure satta Thanks for the promt response.

But Is the process same for all the banks because when I enquired with the Karur Vaysya bank manager he said you need to transfer the OD amount to the savings account , why is KVB treating ASBA through OD diffrently, if any one has FD with KVB and is using OD faciliyt for applying for IPO/FPO please reply, for continuity purpose I am reposting my question again.

Dear Experts,

One query on using ASBA under Over Draft account, can we apply through ASBA directly under the OD account or the amount needs to be transferred to the saving account ?

If it can be applied directly under the OD account then their should not be any interest charged as the amount lien is present in the OD account, one of my friend told it is possible under SBI but when I enquired with KVB they said the amount needs to be transferred to the savings account,you cannot apply directly through the OD account

Those who have encountered such situation please advice,

Thanks.
FinancialAnalyst(ALK)