PTC India Financial Services Ltd IPO Message Board (Page 16)

Dear Natarajan,
Both have different ISIN numbers to differentiate the bonds as their interest rates are different.HNI & Institutions can buy bonds reserved for retail post listing.SBI had kept the interest rates & the amt reserved for Institutions at a lower level so that they can soak the selling pressure from retail post listing

sbi bonds
i have reminding public that retail bonds and HNI bonds are diffrent with HNI HAVING less interest rate both have to be sold in diffrent lots and i feel HNI cannot purchase retail bonds
with the new reserve bank policy rates will be higher than 10% so tata steel is comming with bonds at 11.8% but all these bonds will be unsecured in case of loss to the company remeber any thing can happen to good company hence investment in these bonds to be done minimum
take the case of BP OIL RIGH EXPLOSION
Fukushima Daiichi nuclear plant, EXPLOSION IN JAPAN

The bonds issue may not be open to public. The news story reads as under:

Steelmaker Tata Steel's planned 15 billion rupees ($332 million) perpetual bond issue will have a step up option of 300 basis points after the 10th year, a source with knowledge of the deal told Reuters.

The Tier-I bonds will carry a coupon of 11.8 percent payable semi-annually.

The perpetual bond issue is likely to be launched as early as this week and ICICI Bank would subscribe to the entire issue, according to IFR a Reuters service.

The bonds carry a AA rating by CARE.

Tata Steel is also coming out with bonds. Issue size 1500 crores. Interest 11.8%. Source: Financial Express.

Dear Sreedhar,
I am asking this on behalf of my relative who has applied SBI bonds:
SBI bonds have different ISIN number for HNI(INE062A0806M) and Retail(INE062A08058). How can both sell in single listing?

IPO gurus - What are your opinions on how to time the sale of SBI bonds on listing? Considering the number of folks who applied for listing gains, I have a feeling that there could be a rush to the exit(too many sellers) on listing day and we may not get the full benefit of listing premium gains if we sell on day 1. What do you gurus think? What is your exit strategy?

I too am thinking of keeping 30% for the long term and liquidating the remaining.

I applied for SBI bondal bonds but nothing was alloted to me as demat account details provided by me are not readable. Since they don't have my account details, how my money is refunded? W hom should I contact and how much time its going to take? I really appreciate if somebody can help me on this

Amitipo

I got interest of Rs.545.25 per lakh in each of three applications. All three applicatios were of differant amounts. The total amount was rounded off to nearest Rupee. Thus for 3 lakh application I was given Rs. 1636. However, the amount has not been credited to any of my accounts.

The above interest works out to about 7% per annum for 28 days. Why to bother about calculations. The interest paid is much more than 3.5% saving bank interest.

No SKDash, I normally apply on last day. I may not apply in this one. I may wait for 'shilpi cable' which is open from mar 23 to mar 25 or Muthoot finance which will come month end. It is difficult to make money in PTC considering it is a big issue and govt backed.

THANKS
CLD

pls solve my another qwery...
THANKS IN ADVANCE

How interest calculate in SBI BOND, because i got different interest in 2 account though both application done on same day with same amount

Amitipo

If you don't have your application no. then talk to registrar of the issue. They will tell you the allotment status on the basis of your name, address, PAN no. & DP details. Else, wait for allotment date & you will find the bonds in the D'mat A/C if the same have been alloted to you.

Hi
How interest calculate in SBI BOND, because i got different interest in 2 account though both application done on same day with same amount

PTC INDIA
PTC India Financial Services IPO subscribed 7%

Receives bids for 92.53 lakh shares


The initial public offering (IPO) of PTC India Financial Services (PIFSL) was subscribed 7% by 16:00 IST on the second day of issue today, 17 March 2011. The IPO received bids for 92.53 lakh shares compared with 13.31 crore shares on offer.

The PIFSL IPO consists of a fresh issue of 12.75 crore equity shares and an offer for sale of 2.92 crore equity shares by Macquarie India Holdings. The IPO closes on 18 March 2011. Retail investors will get a discount of Re 1 per share to the final price discovered through the book-building route.

PIFSL on Tuesday, 15 March 2011, finalized allocation of 2.35 crore equity shares to three anchor investors at the top end of the Rs 26-28 per share price band for the initial public offer. The three anchor investors are -- HSBC Bank Mauritius, Capital International and Emerging Markets Growth Fund Inc.

PIFSL is a subsidiary of and promoted by PTC, which is the market leader for power trading solutions in India. PIFSL provides both equity and debt financing, including short-term and long-term debt, as well as structured debt financing to companies with projects across the energy value chain.

PTC INDIA FINANCIAL SERVICES LTD IPO
IN OUR EARLY QUOTES I AND SHRI SHEEDHAR GI EXPRESSED CONCERN ABOUT THE RATE AT WHICH IT IS PRICED
I WAS LITTLE BULISSH WITH SP TULSANI EXPRESSING HIS VIEWS TO SUBCRIBE IN THE ISSUE
EVEN THOUGH THE ISSUE IS VERY GOOD AND PREMIUM OF .75 TO RE 1 DOES NOT JUSTIFY TO SUBCRIBE FOR LISTING GAINS AS FOR THE FOLLOWING REASON
MARKET CONDITIONS ARE WEAK ,NO BODY HAS APPLIED TO THE ISSUE TILL NOW ,RE 1 DISCOUNT IS .40PAISE LESS FOR 5% IE 3.571%
MORE OVER THERE IS YEAR ENDING AND FUNDS ARE BLOCKED TILL 1 APRIL 2011 , ALSO MONEY IS ALSO LOCKED IN SBI BOND ISSUE FOR WHICH MONEY WILL BE AVAIABLE AFTER SALE OF BONDS ON TUESDAY EVENING AND CHEQUES WILL COME IN BANK ON MONDAY OR TUESDAY MORNING
EVEN THOUGH I HAVE SOME FUNDS TO APPLY I AM NOT APPLING FOR THE ABOVE MENTIONED REASONS , BUT LONG TERM THE ISSUE IS GOOD AT RS 26

Lovable Lingeries Rs. 55 - 60      
PTC India Financial 70 (Paise) - 1

SK and Golmaal,

I am planning to give this issue a miss due to expensive valuations. If the QIB / NII subscriptions are attractive I will go for a couple of lots (definitely not go for full application).

233-Golmaal
I hv seen 1pm subscription and there was nothing from NII and QIB. Lets see tomorrow at around 1 pm. In case there will still poor subscription- i will reduce the qnty or may close the bid. what about you ? Hav u applied or waiting for 2morrow ?

what is script code for sbi bonds series 3 and 4 for selling in nse/bse

Very poor subscription, only overall 0.04 times as of 2 PM today.
Considering book value of 18 Rs and a huge number of shares at
offer, how can they price it so expensively. Doubt, if it will
get fully subscribed in current market conditions!!!

RAMESH NARAYAN YOU SHOULD APPLY IN PTC FINANCIAL BECAUSE OTHER ARE NOT INTERESTED IN ISSUE THEY ARE MORE INTERESTED IN SBI BONDS 1 2 3 4 SERIES AS BOND 4 CARIES 9.95 % INTEREST
SO THERE IS INTEREST ON INTEREST