Power Grid Corporation of India Ltd FPO Message Board (Page 34)

HELLO MMB MESSENGER..

I SUFFERED WITH ALMOST SAME KIND OF PROBLEM IN COAL INDIA...MY SUB BROKER TOOK ONE APPLICATION FROM ME AND GAVE ME THE ACKNOWLEDGEMENT SLIP...BUT THE CHEQUE WAS NEVER PRESENTED IN THE BANK AND THE APPLICATION HAS NOT REACHED THE REGISTRAR EVEN AS APPLICATION STATUS IS THAT "APPLICATION NOT FOUND"... THUS ITS CLEAR THAT ITS CASE OF MISHANDLING AND APPLICATION DIDNT REACHED REGISTRAT...PLEASE TELL ME WHAT CAN I DO IN THIS...

Dear Mr. NK Parwal ji

Please write a mail to registrar with CC to sebi and BSE, Sub broker will defiantly compensate your loss. same was happened to me in one of the ipo. and i was succeed in the that case.
Govind

dear nand kishore parwal,
i have the same story as of yours. i have filled a suit against the depository participant in the consumer forum. u can also do the same

postponed listing date from 23rd to 26th for investors benefit, as expiry confusion will get over on 25th. So better late good profits than faster pea nuts.

When will PGCIL be alotted exactly?? What will be the target price?

I have submitted my two applications for 1105 shares @ cutoff along with cheques thru sub broker at IPO INVESMENT CLIENTS JAIPUR ON12-11-2010. SUB BROKER gave me duly stampped acknoledged slips in evening.Next day he informed me that our applications not bidded.What action can we take against this

State-owned PowerGrid Corporation today said new shares allotted to the public under its recent 20 per cent follow-on public offer will start trading on the bourses from November 26.

The company's new shares will start trading on the exchanges from November 26, PowerGrid Chairman and Managing Director S K Chaturvedi told reporters here.

The government divested 10 per cent of its 86.36 per cent stake in PowerGrid Corporation through the follow-on public offer, while the company offered an equal percentage of fresh equity.

The government raked in about Rs 7,575 crore from PowerGrid's share sale programme.

The funds raised from the FPO will be used for part-funding the PSU's Rs 55,000 crore capex plan, which envisages investment worth Rs 30,900 crore over the next two years.

The company had fixed the issue price of shares under the offer at Rs 90 apiece, the higher end of the IPO price band of Rs 85-90. However, retail investors and employees will be given equity stocks at a 5 per cent discount on the issue price.

The FPO received a huge response from investors and was oversubscribed 14.83 times, garnering total demand for 1,248.48 crore shares, as against 84.17 crore shares on offer, according to data available on the National Stock Exchange's website.

SBI Capital Markets Ltd, Goldman Sachs (India) Securities Pvt Ltd, ICICI Securities and JP Morgan India Pvt Ltd are the book running lead managers to the issue.

The mega offer has given a boost to the government's disinvestment programme, which aims to garner Rs 40,000 crore this fiscal.

PowerGrid's public offer will be followed by stake sales by Hindustan Copper, Manganese Ore India Ltd and SAIL, among other PSUs, this fiscal.

NEW DELHI: State-owned Indian Oil Corporation today said it expects to launch its follow-on public offer in the third or fourth week of January.

"IOC's follow-on public offer (FPO) would be expected in the third or fourth week of January," Chairman B M Bansal told reporters here.

The government plans to offload 10 per cent of its equity holding in the state-run refiner through the FPO and an equal stake would be diluted by the PSU company. Following the stake sale, the government's holding in IOC would reduce to 64.57 per cent from the existing 78.92 per cent.

IOC's share sale programme is expected to garner close to Rs 20,000 crore.

The company said it has hired six investment banks -- Merrill Lynch, Citigroup, ICICI Securities, Morgan Stanley, SBI Capital and UBS to manage the public offer.

The mega offer is a part of the government's Rs 40,000 crore disinvestment programme this fiscal.

Under the follow-on public offer, the government will divest a 10 per cent stake in the company, translating into 24.27 crore equity shares. In addition, the company would also issue fresh equity equivalent to another 10 per cent stake in the company, amounting to 19 crore shares.

Dear Panditji @1292,
Fully agree with you. I believe price will be around 95-100 next week in view of different factors. However, I sincerely HOPE that we get at least 100-105 as the shares are alloted.

When the status of allotment will be available.

I have applied for 8 lots how many lot will be alloted me.

Bringing to Your Notice:

Coal India (1500cr size ISSUE) Allotment done in 10 days of time But PGCIL (7500cr Size issue) taking alot of time to allocate the shares...WHY?

INTIME to COAL INDIA & KARVY to PGCIL.

hi
if the shares r traded from 26 can i sell the moment the shares r credited to my demat a/c say 24/25 and deliver them on 26

Allotment starts on 23 Nov. 2010. Listing on 26 Nov. 2010.
Source(s):
Press Release by Powergrid

Power Grid FPO Allotment Online – Listing date 26th Nov


The Power Grid FPO allotment status is expected to be updated on the registrar’s website by the next week and retail investors will have to wait for some more days to know the status online. Karvy Computershare Pvt Ltd is the registrar for Power Grid’s FPO.

Power Grid FPO Listing Date

Power Grid Corporation Chairman and Managing Director S K Chaturvedi told reporters yesterday that the newly issued shares of Power Grid in the FPO will begin trading from the 26th onwards on the NSE and BSE.

Shares of Power Grid FPO can be expected to be credited to demat accounts in NSDL and CDSL by the 24th or 25th November said some Brokers and refunds through ECS could come in on the 25th November. Those investors who have applied through Applications Supported by Blocked Amount (ASBA) can expect the money to be debited next week.

Power Grid FPO Allotment Status Online

To check the allotment status of power grid shares you will need to visit the Karvy website along with your application number at the link below next week as the company is yet to upload the allotment details.

Karvy Online Allotment Status

Allotment ratio for Power Grid FPO has not yet been revealed but some brokers expect the allotment basis to be in ratio of 1:4. This is because of the high level of subscription that the FPO received and it was totally oversubscribed 14.83 times.

Dear Friends
Power Grid IPO subscribed 3.85 times in retail one can expect 290 to 300 shares full value application.
Major investor are short in future trading so it is ban yet. Once the shares will get credit in the demat there will be short covering in future & the price of the future will be above cash.
If any Investor are short please cover your short on Thursday 3.15 PM sell your delivery shares at 3.12PM.

why pgc is taking so much of time to allot shares. now a days everything has been made easy with computer programming and govt. should lead from the front by completing the entire exercise within one week.

CAN ANY ONE tell the allotment status as told for coalindia doing lot of calculations on FII, retail investment and HNI and so on. I have applied for 6 lots

the increase in retail limit may affect retail investors but the extent may vary with the type of issue. In large govt dis in may affect a lesser extent as whereas smaller issues like RPP it may affect a greater extent.

We shall know the effect on Mon when RPP the first issue closes. if the HNI gets subscribed less than 3 times retail then it has affected the retail investors and the final ratio may give us an idea as to what extent.

TRADING OF NEW ISSUED SHARES START ON 26TH NOVEMBER...............