Power Grid Corporation of India Ltd FPO Message Board (Page 39)

NSE TRADEME

Thanks a lot for giving information, now i am able to see IDFC Infra bond as NSDL holding. But they should provide hard or soft copy then only we can submit it to our employer for tax benefit. whenever you will get information how to get soft or hard copy of it then share it.

Hi 1204, 1206,

You can see IDFC bond allotment status to your sharekhan account itself via "Reports" => "Transaction Report" => DP => NSDL Holdings => Show.

However, there is one doubt I have is, "Whether IDFC will provide any hard-copy or soft copy document for this investment that we can show to our employers as a proof of investment?"

Thanks!

My account got debited for Rs.99450/- today..

Feel Happy, now you can invest 2 lakhs in IPO..........Think Wealthy Be wealthy

I agree with you KARVY is not good company to respond. Even they donot pick the phone. Should think for some ethics.

Thank you panditji.
chay nashta ho chuka. ab khana khaiye

karvy is a thief company.
do not short sell pgc as they will not credit shares in your account as early as you think.
do not short pgc before they credited in your account.

Mahendra Chouhan

I am also looking for IDFC Infrastructure bond allotment,I applied thru my Sharekhan demat account. Yesterday i called sharekhan customer care and iasked they are telling to call Karvy so i called karvy but they are also not sure they given me another number- 040 44655000.

I required the statment for same to submit to my account department for getting tax saving benefit. If you will get some information or other members has any information please share it so it will help to all of us.

Chouhan Saab, I am sorry, I have no idea, knowedgable persons here may be able to guide you, my sincere apologies to you, for not able to help you

panditji,
I would like to know about allotement of idfc infra bond when it will be distributed.

buy power grid

target 135........ 3 months

One who has doubts can check /ipo/ipo_feedback.asp?a=230&p=15 mndc's blog from expected listing to allotment date.

People blindly shortselled from 330 levels and brought down it at 300 levels. And govt didnt 1st alloted shares with help of karvy and later listed shares. Those who had holdings covered short-selled shares in evening and those who were expecting got trapped and you can see many messages of auctioned at lower price.

And it doesn't look like pGC will go below 100 or even 95. We got share at 85 and if it lists at 95 we make 10 bucks. If we short sell and it dont go below 90 which is quibs price or 92, 10 bucks below cmp, we earn same as those who hold and sell till official listing date that too carry a risk of shares getting auctioned at random price. So stay alert and don't sell on allotment. There will be loads of people here advising you to do so and trapping you. Price will start fluctuating by operators on allotment day to fear you. So beware.

NMDC closed around 300 on listing day giving 28 bucks on every share holder and making garve for short sellers shorted from 290-299.

Thank you very much, Pandit Ji, PSR and rAYANrAJ for your valuable clarifications. No doubt remaining.

Small correction - 1st point is below and 2nd is above.

My view is simple. If you see PGC listing at any price BELOW 85.5 you can hold your shares and sell on official listing day. Reason I'll tell in the end.

If you are thinking PGC will list ABOVE 85.5 than also sell on listing.

I agree with 1196 and 1198 and I said same thing but in a warning tone and making things little confusing.

My view is simple. If you see PGC listing at any price above 85.5 you can hold your shares and sell on official listing day. Reason I'll tell in the end.

If you are thinking PGC will list above 85.5 than also sell on listing.

Now the reason as clearly said by panditji. PGC is like NMDC. NMDC was trading around 350 when FPO was announed and PGC was at 115. NMDC corrected till 300 level and PGC till 100. NMDC was alloted at lower band at 272 and many people started to short sell cos some operators advised them here and on other sites to do so. People who don't do homework and want to make quick money got into trap and sold shares blindly. Govt did not declare listing date and 3 days past by, 4 days past by, 5 days past by allotment and govt didn't list it. Everyday short sellers were beating share and covering at evening cos they had holdings. But in FPO you don't get holding of share before an hour of listing day. What is credited is shares at face value. So you can short sell but can't square off your shorts at evening.

If you are risk taker and assume PGC will list below 85.5 you can short sell. Even if you and bullish and assume it'll list above 90s you can sell your shares.

But both these are high risks technique cos a) listing can be postponed and hence you'll get money whatever price shares are auctioned after T+2 days. and b) below 85 or above 90, you can't predict future. Hence it's setter to be wise and sell on listing rather than taking non-required risk.

If there is sudden unnatural happning in market like some leader dies or some big company become bankrupt or satyam repeats than you can comfortably sell shares cos chances of market giving a good correction is on cards. But it's highly unlikely.

Dear 1193. Parosi

There is no confusion in listing of follow-on public issue. If it is Initial Public issue. shares are creddited to the allottees irrespective of listing permissiom obtained. This means listing permssion is obtained after crediting the share.

In case of follow-up public officer, first they obtain the permission for listing new shares issued and then only they credit the shares to the Allottees. Hence, once shares are credited to allottees, it is to be automatically taken that New Shares are also listed. You can therefore sell the shares, the moment they are credited to your account. I hope this information clarifies your doubt.

Do you require any further clarification pl. do contact me over phone 9391140942.

In NMDC FPO I sold like that before allotment and got the shares in the demat account as expected and so there was no problem. But in EIL FPO I again sold like that and got caught as the shares, I think, were deliberately delayed and so I had to face auction. That I did not lose much because of the auction is a different story. But once bitten, twice shy!

@ 1198 Parosiji,

There is absolutely no confusion, you can sell the shares before they come into your demat, for eg as we are all assuming Powergrid will be allocated on 23rd, you can sell them on 22nd, but what if they for some reasons do not come into your account on 23rd or say 24th, from where will you give the share, selling shares before they come into our account, is like giving a cheque without having a balance in your account, assuming that money will be arranged when the cheq comes for clearance, for some reaasons you are not able to arrange the money, then what?? are you dead sure the shares will be in your account by 23rd, you may say yes because you have heard on some channel, what if the shares dont come, there have been instances when operators have deliberately delayed allotments, hence my dear friend parosi, dont take undue risks and spoil your health, the moment you see them in your account, trade according to your strategy,Mr Parosi, you will see wide fluctuation in the shares on 19th itself, coz people will start trading on 19th assuming shares will be in thier account on 23rf, 19th being a friday, and we follow the T+2 settlement, I ONCE AGAIN SAY, THE SHARES OF POWERGRID CAN BE SOLD THE MOMENT YOU SEE THEM IN YOUR ACCOUNT, PLEASE DO NO WAIT FOR SEPERATE LISTING IF YOU WANT TO SELL, NO SEPERATE LISTING IS REQUIRED FOR AN FPO, LET THERE BE NO CONFUSION, I AGAIN SAY NO SEPERATE LISITNG REQUIRED FOR AN FPO, I HOPE THIS SETTLES ALL CONFUSION.

HINDUSTAN COPPER (FPO) is open on December 6 and close on December 9.

In the 20 per cent equity share sale, the government is offloading 10 per cent of its stake while the company would issue fresh equity in the same proportion.

HCL’s 0.41 per cent stake is already with the public. The proposed FPO will see the government holding coming down to 81.45 per cent from 99.59 per cent at present.

HCL had reported a nearly four-fold jump in its second quarter profit to Rs 56.21 crore.

“The main reason for the buoyancy in profit was copper prices, higher production and our decision to exit from certain low margin and riskier businesses.

Post Coal India IPO and the right pricing where government has left money to be made on the table for – be it institutional investors or retail investors – we are seeing very exciting times ahead. We are seeing this issue over subscribed, QIB over subscribed 7 times and I feel retail investors and HNIs would also participate in this IPO. My sense is Power Grid’s fair value would be around Rs 110-115