1142. aRYANrAJ| Link| Bookmark|
November 15, 2010 12:37:06 PM
Top Contributor (600+ Posts, 100+ Likes)
If one is bullish on PWG don't sell when allotment is done, if will be fatal error on your side. Sell only on listing day. If someone is bearish they can risk and sell as and when shares are displayed. People have burnt fingers in NTPC and NMDC FPO. There were group of operators headed by Sj who adviced to short-sell both FPOs and on listing day those who shorted got shares acutioned and suffered heavy losses. Also govt fooled and trapped short sellers by holding listing of NMDC for 7 days after allotment.
may be I wrong. i find from ICICI buy order then find stock code
1138. Pandit Ji| Link| Bookmark|
November 15, 2010 11:50:50 AM
Top Contributor (400+ Posts, 200+ Likes)
Rahniji, please check again the symbol for both are the same, go to IPO section, check on order book, if you have applied POWERGRID through ICICID, you will the symboll POWGRI after the full name.
Correct me if Iam wrong, but I just checked the symbol for normal as well as FPO shares are the same i.e POWGRI
पावर ग्रिड के सीएमडी एस के चतुर्वेदी का कहना है कि पावर ग्रिड के एफपीओ की लिस्टिंग 23 नवंबर को होगी। एफपीओ के लिए कंपनी ने 90 रुपये प्रति शेयर का भाव तय किया है।
@1146 pandit ji, i agree that the allocation would be around 290 for full application, jus wanted to know from where i can find the cutoff jus for my analysis.
1129. Pandit Ji| Link| Bookmark|
November 15, 2010 9:42:30 AM
Top Contributor (400+ Posts, 200+ Likes)
Shyam Sunderji, stop permutation and calculations, the Retails was oversubscribed 3.85 times, thats final, a full retail application will get 287 shares plus or minus 3 shares.
The more one thinks, the more one is bound to get crazy, friends stop calculating at such and such cutt off and arriving at diff figures, Retail will get as I said 287 +/- 3 shares, thats it.
@1125 can u specify the RII subsription details @ cut off. please share the source too, 1.5 times @cutoff seems so low.
@1139 the details given in the table is total subscription, the allotment will be mostly @cutoff so 3.85 times will be reduced based on the cutoff sbscription.
WOULD APPRECIATE IF SOMEBODY WOULD SUGGEST HOW TO FORM A NEW LINK FOR UPCOMING IPO..RPP INFRA IPO THIS WEEK AND NO LINK PRESENT FOR POSTING ON RPP INFRA.
Your saying that RII subscribtion in Power Grid FPO is only 1.5 times, is not right. As per the final table published after reconciling all transactions itself shows, the RII subscription is 3.85 times. Nothing is likely to be available from the employee quota to improve allotment to RII investors, since the subscription there is also 1.11 times.
In the Coal India IPO, employees quota was only partially subscribed, due to unions misleading employees not to subscribe, on the pretext it was against the unions' agitation against privatisation. That balloon has now been pricked and is seen by employees as so much hot air, after realising that they missed an opportunity to earn a 40% profit on investment within 10-12 days of the issue closing.
I do not expect that the nummber of shares per full application under the RII category could exceed 300 shares.
Since this is an FPO, whose share value has already been discovered by the market, it would be unrealistic to expect a major killing in terms of profit booking. This is good only as a long terms investment with a minimum holding period of 1 year, when its value could appreciate by 40%, even 50% in the market, unlike the CoalIndia IPO.