Power Finance Corporation Ltd FPO Message Board (Page 8)

our govt.also involve in speculation .one day said hike subsidy for ongc another day said,withdraw the hike of subsidy burdon.one day fpo date announced,another day postpone the fpo.what a jock

Bought 150 shares at 195 average price and sold at 199.90 in the evening.

Dear All,

Share ka na ata na pata.

Sab pfc dundh rahe.
Pahele sabko gain tha ab auction ke loss me gum rahe.

AS PER EXPERT OPINION THAT PFC SHARES CREDITED IN DEMATE ACCOUNT DT27-05-11 AT 11.00 AM,NOW WE ASSUME THAT CHEATER IN IPO IS EVERYWERE SO PLEASE AVOID THE ALL FPO,(SAB IPO OPERATOR MILKER IPO INVESTOR KO BEVKUF BANRAHE HAI, ABHI MERA DAVA HAI KI YEH LOG APNE KO RASTE PE LAKE CHODEGE.....)

1039. GOOD BROKER May 26, 2011 1:06:54 PM IST | I Like It. Like | Report Abuse

GOOD BROKER's - IPO Recommendations, IPO Comments, Public Profile
tejas j shah

pl understand the rules of ipo and then write to SEBI

karvy is correct

no use wasting time

if any one in the karvy has given you information on phone you have to prove it.

My Dear Friend I know IPO's & FPO's well , Do Not teach me.
I have one bad experience in IPO of SKS Microfinance in which my bid had not been uploaded by my broker (karvy), my cheque got debited but no allotement made.

As u are aware that on every bid form on bottom there are acknowledgement slip for bidder in that slip its clearly mention that Company & BRLM are not liable for bids which are not uploaded.

In that case i had complained SEBI & after 3 months Assistant Manager of Karvy-C G Road Branch has visited my home for settelement.

So Never go by Rules , Just Complained about negligence of Karvy for not Providing shares in to demat a/c after 2 working days of Finalization of Allotement.

To all :

THE MECHANISAM FOR SHORT DELIVERIES :

NSCCL :

The National Securities Clearing Corporation Ltd. (NSCCL), a wholly owned subsidiary of NSE, was incorporated in August 1995. It was set up to bring and sustain confidence in clearing and settlement of securities; to promote and maintain, short and consistent settlement cycles; to provide counter-party risk guarantee, and to operate a tight risk containment system. NSCCL commenced clearing operations in April 1996.

Shortages Handling by NSCCL:

On the settlement day NSCCL accepts pay-in of securities made by members through depositories and identifies the shortages. The members are debited by an amount equivalent to the securities not delivered and valued at a valuation price. This is known as valuation debit. For all such short deliveries NSCCL conducts a buying-in auction on the T+2 day, after completion of the pay-out, through the NSE trading system.

If the buy-in auction price is more than the valuation price, the CM is required to make good the difference. All shortages not bought-in are deemed closed out.

Valuation Price for failure to deliver:

The valuation price for securities which were not delivered on the settlement day is the closing price of such securities on the immediate trading day preceding the pay-in day. The closing price is the price as announced by NSE at the end of the trading day.

Close-out Procedures:

Closing out in the case of failure to give delivery for Normal Market
Close out will be at the highest price prevailing in the NSE from the day of trading till the auction day or 20% above the official closing price on the auction day, whichever is higher.

Closing out in case of failure to give delivery in Auction Market;

When the auction seller fails to deliver in part or full on auction pay-in day, the deal will be closed out at the highest price prevailing in the NSE from the day on which the trade was originally executed till the day of closing out or 20% over the official closing price on the close out day whichever is higher and will be charged to the auction seller unless otherwise specified.

Where to chk the Auction Rate for PFC?

SHIVA

WHEN I CALLED KARVY PEOPLE ON PHONE TODAY MORNING THEY TOLD ME THAT THE SHARES OF PFC WILL BE CREDITED IN RESPECTIVE DMAT ACCOUNTS BY TODAY AFTERNOON--- THIS IS ALL GAME PLAY TO TRAP RETAIL INVESTORS. BEWARE--- DONOT GO FOR FPOS LIKE SAIL BHEL ETCT ETC ETC----------

CAN ANY EXPERT PLEASE TELL HOW TO SEE NSE AND BSE EXCHANGE RATES

Has anyone here received allotment or NSDL message?

NSE Auction rate 210. Only 11 lacs shares. Balance still pending for re-auction.

today auction rate is 210/-on nsc.

AUCTION RATE AT 207.65

1062--------- chacha

chacha , ecs to bank main credit ho rahe hai but shares bhi to credit ho . today nse auction in nse is 210 + panalty

As told before that the shares of PFC already credited but unclear By today evening this will be clear you will receive the SMS for the same, 100% sure.
Today auction at NSE Rs 207.62 ATP.

ECS CREDITED IN SBI BANK --- FOR PFC -- BUR SHARE NOT ALLOTED

rightttttt

Karvy is not a reliable registrar.

Always do cheating with the investor

Heard that person having account with Religare have received share credit sms. Any body having the same kindly confirm

If karvy handles sail's and ongc's fpo then it's very unsafe for investor to go and apply on the basis pfc's experience.

crossed 200