Iam sure the issue will give substantial return. By chance if it does not, investors will lose confidence in public sector companies and the Govt. may have to rethink on other forth coming issues. Public have already lost in the NTPC FPO.
If at all these committee members are prompt and don't have the aim to loot people, after the SJVN ltd's poor listing, they may meet and decide to compensate the retailers. Atleast in these cases once the government knows that every retailer has lost the maximum amount, this is because they have not fixed the correct rate for the IPO. The only reason we have applied in this IPO is this is the Government IPO. And the Government will leave some amount to retailer. But who will question this people for this loot. With Out any shame the MD of the company is giving the speech to media. What is this.
fair value of power grid should be 88-103 after discounting the additional 10% fresh equity issue,if we consider 20% year on year growth in eps. as the proposed HT corridor project have a long gestation period, so any immediate return on equity will be dismal, and so the rate of growth can will taken as 20% which will be revised in upward direction after fy2013. if govt fixed the price around 90, it will definitely give 20% return if i add 5% retail discount. so happy investing.
Retail limit hike will not be applicable in powergrid fpo. Company has to give a notice to Sebi within 21 days from opening of the Ipo/FPo. So It is less than 21 days from opening of the ipo. so retail limit will remain at 100000 in Powergrid. Kostak- 2700 for one lac.