Power Grid Corporation of India Ltd FPO Message Board (Page 44)

Based on the following NSE Bid Details provided by Sawan (954)yesterday, an applicant for 1105 shares at cut-off should get 734 shares of Power Grid Corporation of India Limited - Detailed working is given below. Please let me know whether my assumptions are correct.

NSE Bid Details
Updated as on 12 November 2010 at 1700 hrs
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category
1 Qualified Institutional Buyers (QIBs) 419189323 6410796080 15.29
1(a) Foreign Institutional Investors (FIIs) 3875714765
1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 2122362905
1(c) Mutual Funds 406607370
1(d) Others 6111040
2 Non Institutional Investors 125756797 1792901630 14.26
2(a) Corporates 1307618520
2(b) Individuals (Other than RIIs) 475250750
2(c) Others 10032360
3 Retail Individual Investors (RIIs) 293432526 590262790 2.01
3(a) Cut Off 440846835
3(b) Price Bids 149415955
4 Employees (EMP) 3389600 2799680 0.83
(a) Cut Off 2185300
4(b) Price Bids 614380
Total 841768246 8796760180 10.45
Based on above data, assuming that RII & EMPLOYEE applicants, who did not apply at cut off will not be eligible for any allotment of share, the eligibility for allotment for RIIs has been worked out as under:
Total Shares applied by RII at cut-off = 440846835
TOTAL Shares for Employees = 3389600
Subscribed at Cut-Off = 2185300
Undersubscription = 1204300
Allocation of unsubscribed shares to RII @ 35%of unsubscribed employee quota = 421505
Total shares for RIIs = 293432526 + 421505 = 293011021
RII Subscribed = 440846835/293011021 = 1.5045 times
Expected share allocation 0n 1105 shares application = 1105 / 1.5045 = 734.46 shares

Anil

wat is the expecte date of allotment of power grid.

sell sell sell at every level market will go down upto 5750 nifty
power grid will be around 92 to 93 on allotment day. u get per
applictioan 1200 to 1500 . sell sell sell

sharekhan par to application number update ho gaya h online wala

1105 green horn, even on sharekhan while applying for IPO/FPO online application no. is not given. You can see your allotment by making use of your DP ID & CLIENT ID on the date of allotment. BHAGCHANDANEY

Mr TapSam @ 1099: True ASBA has to be preferred for convenience purpose but at the same time, we shouldn't ignore Interest aspect. In fact, Retailers who frequently apply for Listing Gains should opt for making FD and taking OD to apply for IPOs. This is definitely advantageous as stated below (with annual effective rates of Interest relevant to ICICI Bank I am familiar with):

(a) Make FD for Rs 111111 for 990 days and EARN Interest at 8.24 % throughout deposit period

(b) Whenever you intend to apply for an IPO, avail OD upto Rs 100000 and upto Allotment stage (i) SUFFER Interest 10.47 %; and (ii) at the same time EARN Interest at 3.53 % on amount blocked under ASBA procedure

(c) So for the intervening period between submitting application and getting allotment, you SUFFER Interest at 6.94 %,(10.47 minus 3.53) say, 7 % only

(d) Looking it in a different way, for IPO period, you EARN Interest on FD at 8.24 % and SUFFER Interest at 6.94 % only

sir,
i applied two application in full,also bought put of november of 95/-@ 1.00 So plz let me know when allotment will be out.And can we sell it on very 1st day aftr allotment as expiry of this month falls on 25-11-10 -rkg-9417758530

AS THIS IS AN FPO AND QUESTION OF LISTING DOES NOT ARISE.THE SHARE IS ALREADY LISTED AND QUOTED.THE FPO SHARES WILL COME IN YOUR DP AFTER THE PROCESS OF BASIS OF ALLOTMENT IS OVER.I WILL ADVISE THE INVESTORS TO KEEP THE SHARES IN THEIR PORT FOLIO ALL THE TIMES.PRICES MAY FLUCTUATE ON THAT DAY BUT YOU SHOULD HOLD AT LEAST FOR 3 MONTHS FOR BETTER GAINS.IT MAY GIVE YOU THE RETURN OF AROUND 30-40% WITH IN A YEAR.

Mr bangnewman @ 1097.

True, you would perhabs be able to earn 10 % PER ANNUM thro FD route, if you do not apply IPOs

As per my calculation(considering only cut off bids) on full 1105 shares application we will get around 315 shares.

all the very best

as per calculation full application in powergrid will fetch 287 shares give or take a few for faulty application and should list at around 95 if market holds

sorry for earlior wrong information
powergrid allotment on24 nov not 26 nov
fpo listing on 26 nov not on 29

mr arul i suppose 375-410 shares for one full application. will list around 101-105/- and move up in range of 117/- to 120/- on that day.

I have a unique problem, I did not get application no when i invested in PG FPO online through Indiainfoline...does any indiainfoline online investor have the same problem?

i think no single share has been credited to any one account this will credited after allotment is till know no allotment is out what other saying there money has been debited but they got share in dp is making fool to other it is possible that there money have debited but share should come in dp after final allotment is done
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i think karvy should out allotment today evening
and share start coming in dp from tomorrow onwards
use your own sense dont be fooled by others
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iam daytrader my account has locked so i registerd with new name day&ipo trader hi friends

1092
YOU CAN APPLY ANY ACCOUNT CHECK IN ALL ACOUNTS.YOU CAN GIVE ALL THE CHECKS OF SAME ACCOUNT BUT THE REFUNDS WILL COME ONLY INTHE ACCOUNTS OF INDIVIDUAL BANK ACCOUNTS WHICH HE/SHE HAS MENTIONED IN DP ACCOUNT

THANKS DELHI

1100. rishi mehta,

How do SPT know what is the actual subscription?. His 700 is just an assumption, its not misleading, his opinion only.

Technical Analyst Mr. S P Tulsian was suggesting everyone to get 700 shares as a retail investor. Now after everything is over, one will only get close to 287 shares. How misleading are the details of few "So Called Technical Analysts"?

bangnewman,
Advantage of ASBA to me is not about the interest but the hassle free remittance while applying and avoiding the problems of delayed or faulty refund. Believe me I have suffered a lot due to this earlier.

Disclosure:
I have 3 full applications.
P.S.:
Only because had little idle money waiting to be invested in some other asset after few months. HOPING for around 300+ allotment per full application and price of at least 100 at the time of allotment unless the FIIs create havoc in the remaining days of November. Logic however says, as mentioned in the post No. 1093, that it will be probably around 95.