Power Grid Corporation of India FPO Message Board (Page 8)

Retail allotment will depend on how many applications are there. We do not know that. Unless we know that we can''t work out how much will be the allotment for those who have applied for 2250 shares. First allot all the applicants(Nos we don''t know!)150 shares each, then deduct this from the Retail quota, then proportionately distribute to others.
Can anybody provide that vital information..how many applications?

Keeping the fear factor of previous IPOs in view & also most investors now know about new SEBI ruling on allotment, a large no. of investors must have applied for 1 to 3 lots. As such, don''t expect more than 450 shares in any application.

HOW MANY ALLOTED SHARE IN APPLICATION OF 1050 SHARE PLZ ANS ME FAST.

You will get around 500 shares

until you don''t know number of applications in retail segment, you can''t judge appx number of shares to be alloted...

Any Bady to buy power grid appliocation plz contect me ,my cell no-9824390735.

I have applied for 1200 shares (Retail) in Power Grid FPO.How many shares will be allotted to me?I wish to sell in grey market before allotment.let me know how to sell?

ARUN,YOU R ON DOT REGARDING ALLOTMENT.......

BASIS of allotment to RETAIL

As per new rules allotment will be done on basis of applications received.

Retail quota is 27.44 crore shares.
Suppose 10 lac application are made , so first all applicants from 150 to 2250 share will be allotted 150 shares each . This will consume 15 crore shares .
Left over of 12.44 crore shares will be proportionately allotted to applicants of. 300 to 2250 shares category.

One should not presume allotment as per old system I.e. For 2.4 times over subscription in retail 1000+shares to 2250 share application and make any advance deals. It may be 700 to 800 shares also.

Arun ,

See my message on IPO Grey Market Column. A small correction in that is that the no of applications which somebody on this column said as 3.9 lakhs. While the calculation is correct read 39 lakhs as 3.9

if 10lac application consumed 15 crore share than 39 lac appl. should consume 60 crore share i think so

an anyone tell how many shares will be alloted for 2lac application..I applied for 2 applications of 2250each via ASBA..for two family members
how many shares i can sell in FUTURE AND OPTIONS

750 each probably

Can anyone tell how many shares will be alloted for 2lac application..I applied 2250 shares via ASBA

Pls call me @ 9840277409 or pr_jain77@yahoo.com if any one is interested to invest in current and forthcoming Bonds,IPO/FPO, NCD''s
- IIFL representative

how can i sell my 2100 share ASBA application

News as of 3rd Dec :

The buzz surrounding the follow-on public issue of state-owned Power Grid Corporation has revived activity in the grey market. Operators in this unofficial market are offering an upfront sum of anywhere between Rs 5,300 and Rs 6,000 to retail investors, who will get shares in the offer at a 5 per cent discount to the issue price. The issue, which opened on Tuesday and will close on Friday, has been priced in the band of Rs 85-90 a share.

About 27.4 million of the 78.4 million shares on offer have been aside for retail investors. The grey market rate depends on the size of the application a retail investor who applies for a maximum of 2,100 shares is getting as much as Rs 6000 for ‘selling’ the application form to the operator. An application falls under the retail investor category if the value of the application is less than Rs 2 lakh.

Grey market operators have worked out the rates on expectations the stock would trade at least above Rs 92 after the follow-on offer. The stock closed at Rs 93.75 on Tuesday.

So, if the cut-off price is fixed at Rs 90 — the upper end of the price band — retail investors would get the shares at Rs 85.5 apiece. Retail investors would get about Rs 6.5 a share, without any risk, if PowerGrid shares trade above Rs 92 after the issue. Grey market operators, mostly in Mumbai, Gujarat and Rajasthan, are looking to pocket this easy price differential that retail investors enjoy.

“In the short term, the stock is expected to retrace back to its pre-FPO level of Rs 110-115,” says Arun Kejriwal, head of Mumbai-based investment consultant KRIS.

An assumption these operators are making in offering these rates is that the retail category will get subscribed about twice.

“The issue size is big and it is unlikely that investors will apply aggressively to this FPO,” said an Ahmedabad-based grey market operator. “Even if we give investors Rs 6,000 per application, we can easily get Rs 2 a share after the costs,” he said.

For the operator, volumes are crucial. A profit of Rs 2 a share may appear paltry to an individual retail investor, but the profits run into crores of rupees for operators, becathey buy multiple applications.

These operators are also approaching retail investors to rent out their demat accounts for about 20 days for a fee. This is after Sebi last year said retail investors applying for shares in public offers would get assured allotment of a minimum lot.

pasting is too late as powergrid allready at 99 now

Grey Market Active for Power Grid Corp. FPO

Kostak Prices for Rs. 2 Lac Application Form

Jumped to Rs. 7100 (Today Morning)

Today Kostak Price for Rs. 2 Lac Application Form Rs. 7100

Today Kostak Price for Rs. 1 Lac Application Form Rs. 3550

any one tell me how many days shares will credited in my a/c...

Minimum of 1036 shares expected for retail investors who applied for 2250 shares. Seeing the demand from QIBs and Institutions, the share should cross 100 on listing day.

Retail investors and employees, for whom the offer closed on Friday, bid for 2 times and 1.3 times the shares available to them respectively. These bidders will receive a 4.5 rupee-per-share discount on the allotment price.

Really?

retail allotment on full application 950 +_5% depending upon no of applicant

Friends, how do you see the subscription information? There is BSE website which shows the demand. Is it full demand or only for BSE. NSE doesn''t give the split of QIB, NII and Retail.
Please let us know how to arrive at the total retail subscription.

Retail Sub. 2.16 times till 8:00pm..

dear investor

900/950 shares will be allotted on full 2 lac application

Its My Estimate

Retail Sub. 2.15 times till 7:40pm..