Power Grid Corporation of India FPO Message Board (Page 7)

Hi..As per the advice i have made 2 applications for 2100 share each ...and should get in total approx 2100 shares in allotment (approx 1050 each).. Now i want to short sell and January lot is for 4000 and not 2000 shares .. Please suggest shall i short sell January or December lot of 2000 ? thanks

Hi,

I plan to sell this on the listing date itself. All a am trying to do is hedge or arbitrage. The current jan future is of Rs 95.2 ...Now if is sell this today ...irrespective whatever the listing price is i will make Rs 20000 ... only prob is in jan future lot size is of 4000 and in dec it is 2000 ... i cant apply dec as not sure of allotment otherwise dec is sure shot win win situation

hopw make sense

1850 to 1900 share u may be alloted

1145-

meaning ?

Power Grid FPO boost movement in Grey Markets

Kostak price of Rs. 2 lakh application reaches Rs. 7800

Premium Rate is High to 6/7 in Sakar Bazar

Power Grid FPO has boosted movements in the grey markets. Last week, the kostak price of Rs. 2 lakh application was Rs. 3900 which has increased to Rs. 7800 this week. Sakar Bazaar witnessed long queues for selling forms. The grey market players were also buying Rs1 lakh application along with Rs 2 lakh applications. On Friday, people were queuing up for submitting forms with cheques ready in their hand, on the other hand, there was huge rush to sell the application forms at kostak price. However, kostak price buying deadline expired on Friday so people waiting for higher returns got disappointed. According to market reports, some of the big operators who sold the shares in futures at price of Rs. 95 got enough number of application forms to suite their requirements, so they stopped buying forms. However, in last five six-days the investors bought and sold millions of shares at kostak price of Rs. 3900 to Rs. 7800, believes sources in the market

EGoM to fix issue price of FPO today, say govt sources........

wellcome back sreedhar

WISH TO KNOW HOW MUCH NO OF SHARES WILL ALLOTED THOSE WHO APPLY OF RS TWO LACS ONLY.

When is the allotment date and listing date for PGCI FPO.. pl let me know.

To my knowledge the allotment is on 19/12 and listing on 20/12

I HAVE APPLIED FOR 300 SHARES. HOW MANY SHARES I WILL BE ALLOTTED.

Confirm 150+few more

150 SHARES,VIDUSHI

those who sold 2L application in grey market in 5k to 6k range, may keep further 5k-6k ready to square off.
1000 shares allotment @ Rs. 10-15 difference hence profit will be 10kto 15k..

if we consider 350000 application in retail then

150 for 300000 applications(after rejections and price bids) comes to be 45000000 shares, then 230000000 shares will be left for more allocation that means approx 766 more shares will be allotted. Total no of shares will be 150+766 approx

Sg...Retail quota 24 crore shares. No of application say 3.9 lakhs...allotment @150 to each will take away 5.7 crore shares...balance18.3 crore shares. Oversubscription is 2.1...so demand was for 50 crore shares (24=2.1). Balance demand 50-5.7=44.4 crore shares.... balance available is (24-5.7) 18.3 crore. Ratio of 18.3/44.4 is 41%.

So for 2250 share applied they will get 150+ (2250-150) *.41 that is 150+820=970 shares.

For other category it will be 150+ (no of Shares applied-150)*.41

Jam,
Good explanation.More precisely it is 150+(2250-150)*.405=1000 shares.So it will be 1000+-5.

Hi SG
As per the data then , What are the chances for 2250 application
i am sure it wont go beyond 700
What does your analysis say?

Allotment against 2250 shares will be around 1000 shares.

total no. of bids is 389142, i got sms from edelweiss ......

Can u pl verify the source of this information

Other thing according to me is for 2250 Applied the allocation would be 550 to 650

No of applications according to me is around 600000 under retail

What is the basis of 6 lac applications? Just guess or based on some reliable feed back?

I have applied in 3 minimum forms (150 shares each). Will I get confirmed allotment.

you may get 150 shares in each application

Would like to konw whether any allotment would be given for retail bidders who have applied for FPO at the lower cut off level of 85.

If final rates are decided 89.50 or less then only considering discount of 4.50 appl for 85 will be eligible for allotments

Bolo Tarawa. Where r u." .

approx no of bids in fpo 389142

I am asking the same question to you....is the no total no of applications in Retail category alone????

Jam

I have no idea of applications made . But one thing can assure you NII+QIB total applications will be less then 1000 (one thousand ) only. Issue closed on 6th night around 9pm . 7th & 8th holidays , su u should for a day or two to know more details. Also the allotment will be declared by 18th

total no of bids in fpo 389142

Sg...and...Unlisted.. Where from you got the information on the number of applications?

sg and unlisted r not sure seems about number

sell my application form plz call me -9824390735