Power Finance Corporation Ltd FPO Message Board (Page 61)

Chem Cho ji,

News of PFC issue came in websites in the first week of April 11 and I had put in this board on 20th April when there was some discussion.

I did not take it serious since ONGC & SAIL issues were postponed many times.

POWER FINANCE CORPORATION FPO

FPO ANOUCEMENT WAS MADE TO PUBLIC ON 26/4/11 BUT MOST OF THE BROKERS COME TO NO FROM THE PRESS WHERE THE FORMS ARE PRINTED FOR THE IPO
AS PER THE GRAPH OF PFC FROM 8/4/11 RS 261 FROM THAT DAY BROKERS HAVE SHORTED AT RS 260 AND AT RS 220 ON 25/4/11 BROKERS CAME TO TO THAT IT WILL BE ANOUNCED ON 26/4/11 SO THE STOCK WAS COVERED IT AT NOW TRADING BETWEEN RS 225 TO RS 228/230
SO I HAVE NO COMENT TO SHORT AT THIS POINT

DEAR Gem,
Please answer my query at PFC page.

Dear Gem,
How much fund will be required to hedge this through future (size of lot = 1000).At what price one should short?

sameerjaipur,

i have a feeling that retailers cost will be closure to 200-205 in pfc ipo after 5% discount......

price band may be 210-215

Dear Gem/Ravi,
In ur opinion what should be it's price band?

Enam nay Eros inter jaisay strong share ko barbad kar dala pata nahi companies kis majbori may isko apna lead manager bana layti hi.

kostak price on 2 lac 3000.00

wht is lattest premium of future venture?

POWER FINANCE CORPORATION PFC(FPO)

RS 217.55 WAS LOW ON 22MARCH 2011 AND HIGH OF RS 385 ON 14 OCT 2010

TODAYS CLOSING PRICE RS 228.55
NOTE I YEAR BEFORE PRICE 26 APRIL 2010 282.25 AND TWO YEARS PRICE 24 APRIL 2009 157.9
IF RETAILS GET AT RS 215 TO RS 220 WILL HAVE SOME LISTING GAINS
LETS WAIT FOR THE PRICE TO BE OUT AND THEN DECIDE

tv 18 news

Follow-on public offer of state-run lender Power Finance Corporation (PFC) will open for subscription during May 10-13, reports CNBC-TV18 quoting sources.

The company is likely to raise around USD 1.2 billion through the issue by selling 22,95,53,340 equity shares. It will comprise a fresh issue of 17,21,65,005 equity shares by the company and an offer for sale of 5,73,88,335 equity shares by the President of India, acting through the Ministry of Power, Government of India.

The issue would constitute 17.39% of the post issue paid-up equity capital of the company. Company will not receive any proceeds from the offer for sale, which shall go to the Government of India.

Proceeds from fresh issue are proposed to be used for augmenting capital base to ensure compliance with requisite capital adequacy norms and to meet future
capital requirements arising out of growth in business.

DSP Merrill Lynch Limited, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities Limited and JM Financial Consultants Pvt Ltd are the book running lead managers to the issue.

The share gained nearly 2%, to close at Rs 228.30. Trading volumes too jumped by 135% to 200,934 shares as against 5-day average of 85,744 shares.

Market capitalisation stands at Rs 26,203.51 crore.

Just hope that government leaves enough on the table for Retail investors.

Dear Gem/Ravi Banglore,
Any news about PFC FPO.Is it coming on 10th May?