Power Finance Corporation Ltd FPO Message Board (Page 59)

Friends,
I have been seeing ads on Angel Broking that they have very good research team...Can any one please give some reviews about angel broking , how are their fundamental calls? (not intraday).
I am planning to open an account solely based on their research based capabilities, please give me your opinion.

53 IPO/GURO you are really guro of all of us
rate rs 160 is rs 70 less than market rate or do u mean rs 260 which is also more than rs 30 than rate of rs 231 on friday 29/4/11


53. IPO/STOCK GURO Apr 30, 2011 9:32:15 PM IST | Like | Report Abuse

IPO/STOCK GURO's - IPO Recommendations, IPO Comments, Public Profile

Price band will be 160 to 175 , and 5% retailers discount.

Price band will be 160 to 175 , and 5% retailers discount.

power finance corporation

Read my previous quotes brokers have shorted at 260 covered at rs 220 and now lic gic all govt companies are buying the share at rs 220 t0 rs 225 now the price is as below

Last Trade(Rs): 231.60
Change(Rs): +5.50 (+2.43%)
Day Open(Rs): 226.10
Day High(Rs): 234.40
Day Low(Rs): 225.95
Volume: 1315117
Previous Close: 226.10
52 Weeks(Rs): 217.55 - 385.00
Last Updated On: 4/29/2011 6:30am
seems govt want to fix the price at rs 225 to 230
but to me price of rs 215to rs 220 is good for retail investors to apply
Take the case study of Tata steel ipo study it proprely how is share price went and people were expecting to go below rs 600 which did not happen at the time of iop and also at the time of listing those
all who applied gained in ipo of tata steel if sold at time of listing of Fpo
FROM 2 MAY QIB AND HIN HAVE TO APPLY IN ASBA ONLY AND WHEN AFTER SOME MONTHS RETAILERS ARE MADE COMPULSORY IN ASBA LISTING WILL BE IN 7 WORKING DAYS TIME FOR IPO INSTEAD TO 12 WORKING DAYS AT PRESENT

Motabhai,
I have still not shorted PFC for FPO though I have shorted it immediately after its disappointing results. That future position I am still continuing.I will be taking position only after the govt gives the FPO dates.It is better to take position only after the dates are officially declared becos Govt has become clever.If market dips or share price dips it is cleverly postponing the Issue which I like very much .When Tata steel Issue price was at 620 it declared the issue price at around the same price then why should Govt give freebies.Now IPO craze has decreased & I expect PFC to subscribed only 1-2 times in retail.So you have the option to short one more future later.

i recently opened account with axis bank.

what is advantage of using share khan as lot of people recommend.

is it as seamless as using three in one account offered by icici direct.

kindly guide.

Dear Shreedhar,

I had applied Six Full Applications of Innovative Industries. I found the fundamentals of this company very good. The promoters have very good reputation in the market. But on your advice, I have stopped payment of Five Application and kept only One Application. Lets hope to gain something on that application. GMP is still at Rs.12 - Rs.14

MotaBhai,

U can do that but be careful in doing so.
Let the price band gets fixed and also the date. Now a days Govt is planning a big game along with some big hands in first getting the dates and then postphoning so that all the retailers are on short side and they are making good money @ the cost of retailers.

I hope ur 4 applications will be more than sufficient as the issue will be big and if the govt fixes price band close to the CMP.

whether we can short one lot at current price, in expectation of allotment against four full applications of PFC fpo?

Thx Gem ipo finder's for the prompt reply.

One thing with AXIS bank is that they have already deducted this years Demat charges.

Secondly they are charging only one time setup fee of Rs850/- & no annual recurring fee for Trading a/c but Rs.551/- is annually payable for Demat.

I went through their Demo of Trading a/c online web interface. It had good clean layout, straight forward & intutive. They have one Encash option in which for some scrips immediate cash is available after the transaction.

On the other hand you have suggested IndiaBulls. Can also guide me further if IndiaBulls charges no annual Demat & Trading a/c charges and only one time setup fee of Rs.1000/-.

As for the delivery/ intraday/ other charges. Axis direct staff also assured of good rates on volumes. And if volumes are low then service & well integrated a/c will make more sense.

Please advice.
Your views are highly appreciated & I am obliged.

Thank You
Inderjit Singh

inderjit singh

1) keep ur axis bank a/c but closed the deemat a/c with them no need to pay amc of 551......

2) avoid icici direct as icici bank does not offer asba

3) also avoid kotak as it also have amc but kotak bank offers asba but only for one name not like axis bk which offers for 5 applications in different name if u have deemat a/c


recommendations for u


keep axis bank

open a deemat a/c with INDIABULLS they charges onetime fee of around 1000 but there is no amc so free for life also if u request they will reduce the brokerage to .30/.03,they also offer very reliable online trading system, their other charges are also very very low.

there is no instant cr for funds in case u sale ur shares it usually takes 3-4 working days from day of sale to get credited in ur a/c in case of all broker and all bank a/c

Hello Everyone,

I have been visiting this board for last few days and I find the views expressed by some people very insightful & supportive. I also want to invest in IPO's thru online process. I have already applied for MFL in paper format.

I presently have a saving & demat a/c with AXIS Bank with AQB of 5000/- & annual Demat charges of Rs.551/-. They have an online trading service called AXIS Direct for which they charge Rs.850/- upfront set up fee, one time. Delivery .5 & Intraday .05.


ICICI Bank is offering similar 3-in-1 a/c with 950Rs. annual charges to be paid every year. Delivery .5 & Intraday .05. Bank a/c to be maintained with, Rs.5000 AQB as of now.

Kotak Securities is offering similar 3-in-1 a/c with 750Rs. one time setup fee & demat charges of 30Rs per month. Delivery .3 & Intraday .03. Bank a/c to be maintained with, 0 AQB as of now.

Since I do not have any experience in trading can you guide me which service could be suitable & time and cost efficient. I can opt for third party trading a/c also if you can recommend any good which is equally beneficial or better.

Also please tell me if the transactions between trading a/c & bank a/c are seamless( instantaneous credits) or we have to wait for a day or two after selling the scrips for the credits. And in case of third party trading a/c we have to compulsarily wait for some stipulated days for credit.

My initial use will not be intensive & will be restricted to selective IPO's. But later if I get time for research I might get in to equity delivery trade also.

So please advice me.

Thanx & regds
Inderjit

Analysis of IPO performance (2004 till date)

% Gain(as of now) No. of Issues
300-350 2
250-300 7
200-250 6
150-200 13
100-150 25
50-100 20
0-50 59
(50)-0 111
(100)-(50) 181

1) Out of total 424 IPOs, 292 (more than 2/3rds) are in red.
2) 181 (43% of the total issues) are trading less than 50% of the issue price.
3) Most of the positive issues are trading in the rage of 0-50% gain.

Long term investors who apply thru IPOs need to be very selective.
Might be some restriction by SEBI on the valuation and pricing of IPOs could help the poor investors.

ken shah

no decision on that frontyet from sebi to reduce listing within 7 days

Ken Shah,
Yes, SEBI had announced in Dec taht from May1, 2011 all IPO/FPO's duration will be reduced to 7 days from current 12 days bur there is no circular as yet. Due to this reason there was flood of IPO's in April end.

SK Dash,
Lot of my friends from chittorgarh who were regular boarders have applied for Innoventive Industries.They all have withdrawn from the IPO now after my suggestion.The main threat is Innoventive industries is a quality company which has come out at higher valuations.100 percent of such companies have failed miserably example being PFS,Ramky,claris,hatwaycable,Jaypee & so on & it should meet the same fate.I told them only one thing when there is 99 percent odds of listing discount why should we risk our money.They will not blame me even if lists in premium .
Looks like you have applied & hope to continue in Innoventive, best of luck to you.

I have already given my reasoning for Servalakshmi.Such companies rarely list in discount.Fineotex,sudar,shilpi,acropetal,ravi,tirupathi inks,bedmutha,gyscoal alloys etc whatever company you take have listed
in premium.

Thanks GemIPO

is it right gembhai from may ipo process duration decrease to one week

shivprv

u can get paper applcn for any ipo at a share broker near u or there are many vendors giving ipo form free of cost rather they offer sharing of commission with u if u apply using their form...

attch the cheque in that application and deposit with that broker itself and its done

u cant do an online applcn using cheque

Hello All, I joined this forum recently. Find it really awesome.

how can I apply for IPO through paper application (non-online). so that cheque can be cancelled if post-closing, we come to know it may be risky or not so-profitable.

can same thing be done for online application through sharekhan account.