Power Grid Corporation of India Ltd FPO Message Board (Page 48)

powergrid mrktprice will be 105 when fpo shares gt credited in acccount.

Panditji.
When truckload of shares were avialable at rs99/ to HNI as on 12/11 why should they borrow & get uncertain allotment after 10 days?
Can Sreedhar,GEM,saharnpurji & Ravi bangalore throw some light on MR Vijay nair's & my query.
Thanks in advance
milinds

Many thanks to Mr. Pandit and Mr. Jayant Takloo for clarifying my doubt about HNIs effective price for FPO. Now the question is, it is said that HNIs are smart investors compared to Retail Investors and now a days at Stock Exchange the Power Grid price is around Rs.100/- and I understand that HNI investors are short term profit takers and not long term investors like Retailers. So under the circumstances how they will gain. Will they be satisfied with 1 or 2 rupees profit (i.e. on FPO trading day if the price quotes at Rs.101/- or Rs.102/-. Can any one reply to this point. I repeat my question again i.e. HNI effective cost is going to be around Rs.100/- for Power Grid FPO and presently the scrip quoting around Rs.100/- in BSE and HNIs FPO subscription rate is 28% so how they will benefit. What would be their fund to gain profit? Can anyone reply.

Well is there any Room for allotmet for a small investor like me.. I have applied for 4 lots..?

Chillax Vijay..

HNI s go for short term funding for huge exposures in FPO s and for that they have to pay the interests till the time the stock is listed.... 100 rupees will be their break even considering this...

Mr Vijay Nair,

Generalli HNI investments are on borrowed money, the cost of getting one share considering intrest costs and other costs like processing fees etc is the effective cost, as the oversubscription is now known, one can calculate the number of shares an HNI applicant may be getting, thus the effective cost per share is also derived, this price is very useful in determining the share price on Listing/First trading day, hope I have answered you query

I read in today's Times of India (Ahmedabad edition) that price band for HNI is Rs.100/-. Is it possible?. The news is confusing it is written like this "So the effective cost of Power Grid shares for HNIs work out to Rs.100/-". What does this mean. Y/day the shares were available at Rs.99/- at BSE and in FPO HNI's quote oversubscribed at about 18 times. What is the meaning of this news item, can anyone clarify?

I think maximum bid will receive 260 shares.and minimum bid(65)will receive 65 shares in ratio 4:1 application.

Power Grid Corporation of India Limited is very sound company of the Indian govt.If any financial problem occur in adverse situation, then Govt. will support this company.More over power Grid is grid of power i.e. ELECTRICITY which is basic/ essential need of modern era of human beings. Electricity is the Energy & energy is the ability to do the work.How long you can survive without work/energy? Dear friend world is moving on energy ( industries,hospitals, R&D work, Railways ,house hold activities etc.) So power Grid will always have fair days .So nothing to worry applying in power grid, you will get best return in in this FPO, Rate of share may rise Rs120 to 125per share in near future. please do not under estimate this FPO, best of luck to all friends.your Return may be Rs (120 to 125) x 287. Reliable statement.

.......BREAKING NEWS.....

POWER GRID FPO HAS BEEN SUB.BY MORE THAN 4.7 TIMES IN RETAIL...LAST BIDDING WAS DONE AT 11=00 P.M.......THIS IS INSIDER NEWS...

i apply for 12 lots how much can i expect?

Final figure @ 11pm comes to retail subs @ cut off 3.31 times. One should expect around 350 shares.

336 to 338 shares will be allotted to the retailer who bid at cut-off
and maximum ammount
because retail at cut-off the subscription is 3.28 times

desi banda,
retail subscription 3.85 times, employee portion fully subscribed, that means 287 plus shares only.

287 sher shuld be allot!!!
[ 10 sher + or - ]

The employee portion is not subscribed fully at cut-off price. There are (3389600 - 2985905 = 403695) shares left in that category which would be made available in Retail.
Retail then has 293432526 + 403695 = 293836221 share avaialble. Retail is subscribed shares 967213260 at cut-off. So effectively, Retail is oversubscribed (967213260 / 293836221 = 3.29) times.
So approximately, for full application, one can expect (1105 / 3.29 = 335) shares

HI.... THE FPO IS SUBR. AT 3.85 TIME SO ONE FUUL APP. WILL GIVE 286 SHARE MEANS 286*10 = 2860 APPROX PROFIT CALCULATE

Powergrid issue @ cutoff is 3.8253 times, so about 289 shares may be alloted to applicants who have bidded for 1105 shares @ cutoff rate

HI TO ALL,

POWER GRID CORP. OF INDIA LTD. FINAL SUBSCRIPTION QIB - 18.52, HNI - 28.86, RETAIL 3.85, EMPLOYEE - 1.11 TOTAL - 14.88 . IN RETAIL PORTION INVESTOR WILL GET APPROXIMATELY
287 SHARES ON APPLICATION OF RS. 99450.

UNBEATABLE AND UNCHALLANGABLE.

1047AnupM
I think you are right.Calculating from NSE and BSE bid details the over subscription comes around 3.82.So full lot application may be allotted around 290 shares.So friends can we expect at least Rs 3000/-?