PTC India Financial Services Ltd IPO Message Board (Page 20)

S B I BOND

WHY IS ALLOTMENT NOT OUT ?

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on which date sbi bond alloted ?

Thank u guys for your help...is the applicaion status come out for the sbi bonds?

Respected Member's,

Keeping the World War - ||| aside, please express your views and opinions on this IPO by using the Recommendation tab (above). I have posted mine..

Thanks,
GreenHorn

is there any retail discount in ptc fin.?

Natarajan Sir,

"What is happening here? I posted a message sometimes back and it is not appearing. This happened to me yesterday as well. I then had to type it again and then it appeared."
- Well, when writing large-ish messages, it is usually recommended you type them in a notepad text file and keep saving it. That way if any untoward thing happens like power failure, computer stuck or hung, or msg not getting posted, you will always have your message saved that you can copy paste anytime. My two cents.

Dear Natarajan Sir,

I'm a speck compared to Sreedhar Sir. However, some of his messages and their tone unnerve me. It doesnt befit the man of his stature and knowledge to "pass judgements" on others. Hence I express my feelings.
Please do help me understand how my words question his "self respect". I'd be happy to take them back and apologise since that isnt my intent.

Now coming back to your points ...

"What made you to use some of the following words directed at Sreedhar?" - his own messages on this board.

"You have painted a very bad picture of him saying he "enjoys publicly ridiculing you" and "passes judgment on others"." - unfortunately that is what hes done. Just read again what he said about me. You accuse me of having no standards, so his coming down to my standards is justified?

"What is your motive? " - What is it with you people? Questioning someone can be without motive sometimes you know. Learn to live with that fact. Is Sreedhar Sir above questions?

"Aren't you the one who started the whole thing?" - I don't think so. My point of view is what he posted in first place around wishing crippling losses to people who earned profit, was completely unwarranted.

"Do you expect him not to react and "show humility" when you question his self respect? " - Unfortunately his track record of answering questions asked of him isnt very good. He set offs on his own tangents and loses track of the point.

"Do you want him to be a saint?" - He cant be what he isnt :)

"I think you, for some reason, find pleasure in attacking him and you wait for an opportunity to do so." - Again, you are treating questioning and attacking as synonyms. Please do go through my messages. I have not been abusive, I have not been vicious. I have been sarcastic. So much so that some people did not even realise what I was saying :)

"Already this forum has seen some people like you before and they have all come and gone." - I'm here and will be here only, so that should set me apart from others who probably had some motive.

"But genuine people of this forum know who Sreedhar is and what value is he to this forum." - I have never questioned his knowledge and skills, in fact I have time and again admitted and thanked him for the same.

"Go through the back pages of this forum if you can't understand what I say." - You also may go through my posts. I have always raised genuine doubts. Ofcourse, my point of view can be different, and thats natural.

"I think it is a waste of time and energy to react to comments of people like you. " - Exactly, so why react at all? Why not just reason and answer what I ask.

"So whatever you post from hereon, this is my last reply to you."
- It is a pity if you feel that way. Anyway, chapter is closed from my side until next time. Adios and thanks for taking time out to respond to me.

Thanks and regards!

AN ARTICLE THAT APPEARED IN MONEYLIFE:

BE CAREFUL ABOUT IPO INVESTING

Electrosteel uses IPO money to prop up share price

The company, which raised Rs285 crore through an IPO in September 2010 for a new steel project, has used substantial amounts from these funds to check the fall in stock price

Electrosteel Steels (ESL), which is setting up an integrated steel plant near Bokaro, has been using a substantial amount of the funds collected through an initial public offering (IPO) to "stabilise" its share price that has been under pressure ever since its listing in October 2010.

The company raised Rs285.27 crore from the public towards the cost of the project, but it is not clear when it will be completed and when production is expected to start for the company to be able to earn revenues.

Consequently, the share price which stood at Rs12.35 on listing on 8 October 2010, has been on the downward path on very little interest, and this has prompted the company to try and prop up the stock.

In September last year, Electrosteel Steels offered 225 million shares in a price band of Rs10-11 a share. The issue was oversubscribed 7.6 times. The company stated in its first quarterly report, submitted to the Bombay Stock Exchange recently, that Rs36.99 crore of the funds collected was deducted as the "fund of green shoe shares utilised by the stabilising agent for price stabilisation."



An email message from Moneylife to the company, requesting details on the "price stabilisation" activity was not answered. Details about the schedule for the steel project were also not available from the company.

Meanwhile, an industry expert, speaking on condition of anonymity, told Moneylife that "it is legal for a company to spend on stabilising the share price. They must have given some funds to their investment banker to buy their shares. Post the IPO, if the share falls, such a measure is possible."

However, this expenditure hasn't stopped the share price from falling. On Tuesday, the Electrosteel Steels stock closed at Rs7.96 on the BSE and Rs8.10 on the National Stock Exchange (NSE).

In other notes in the quarterly results, the auditor has stated that they have reviewed the unaudited financial results of ESL for the December 2010 quarter, "except for the disclosure regarding 'public shareholding' and 'promoter and promoter group shareholding', which has been traced from disclosures made by the management and have not been audited by us." It further stated that "this statement is the responsibility of the company's management and has been approved by the board of directors. Our responsibility is to issue a report on these financial statements based on our review."

The 2.2 million tonne per annum steel unit, Jharkhand's first greenfield project, when completed by Chinese contractors will make long products, commercial billets, pig iron and ductile iron pipes. The company is promoted by Electrosteel Castings.

With no significant headway on the proposed new steel unit, and the stock continuing to edge lower, shareholders must be totalling their losses, wondering how much worse it may get.

SAIF Partners-Backed Speciality Restaurants Files For IPO
BY PALLAVI S
Owner of food service brands Mainland China & Oh Calcutta! looks to raise Rs 170Cr in the issue.
SAIF Partners-backed restaurant chains operator Speciality Restaurants is looking to raise over Rs 170 crore by selling 25% stake through a fresh issue of shares to the public that could value the company upwards of Rs 680 crore. Speciality Restaurants is the company behind popular restaurant chains such as Oh! Calcutta and Mainland China.
The proposed fund raising plans puts to rest various speculations that included part exit by SAIF Partners during the IPO as also a rumoured plan where SAIF was to raise its holding in the company. Speciality Restaurants intends to use the money raised to open more restaurants, a food plaza in Kolkata besides repaying loan.
Mid-market private equity firm SAIF that had invested in the company promoted by Anjan Chatterjee, holds 0.07% stake in the firm currently besides preference shares that will convert into equity shares before the public issue giving it 14.19% stake. This will dilute to 10.64% post IPO.
SAIF had originally invested Rs 35.7 crore in the company in December 2007, just weeks before the stock market peaked out and began a downward journey and Indian benchmark indices are still trading below that level. Of this it invested Rs 35.5 crore to subscribe to preference shares and the rest to subscribe to equity warrants but later gave up its right to convert the warrants into equity and forfeited around Rs 16.7 lakh.
As per VCCircle calculations, its cost of purchase is pegged at around Rs 71 per share. Our estimates show the company is looking at an issue price of over Rs 145 a piece, giving a neat 2x unrealised gain for SAIF.
Speciality Restaurants runs a number of eatery and fine dining restaurant chains and had as many as 62 restaurants and 11 confectionaries (as of December 31, 2010) located in 17 cities in India besides one in Dhaka(Bangladesh).
The promoters launched the first restaurant around two decades ago under the name Only Fish, which was later rebranded as Oh! Calcutta in 1996. In 1994, they also launched Mainland China restaurant in Mumbai. The company was incorporated in end-1999 that eventually acquired the existing operations owned by the promoters. While the company operates most of the restaurants on its owns some are through franchisee partnership. It also runs food service brands such as Sigree, Sweet Bengal, Machaan, Flame & Grill, Mostly Kababs and Just Biryani.
For the year ended March 2010, the company had total revenue of Rs 130 crore with net profit of Rs 11 crore, representing a growth of 50% in profit with about 12% increase in topline. For the six months ended September 2010, it had total revenues of Rs 82 crore with net profit of Rs 9.2 crore. Annualising this, the company is eyeing a valuation multiple of atleast 37 times its trailing net earnings. Although this appears aggressive, the company could be betting on catching the fancy of investors bullish on the domestic consumption story.
For SAIF Partners this would add to a string of its portfolio companies taking steps to go public. These include Mumbai-based local search firm Just Dial Pvt Ltd, mobile VAS firm One97 Communications besides seeing through portfolio firm and the country's leading online travel company MakeMyTrip Ltd that listed on Nasdaq few months ago.

crude oil price tumbled below $100 dus to the low demand because of japan disaster....so In my point of view oil refinery stocks line bpcl,hpcl,ioc will rally for sure..

PTC FINANCIAL SERVICES IPO
READ COMMENTSB COMPANY HAS NIL NPA WHICH IS ALSO AN IMPORTANT ASPECT ALONG WITH PROFIT
COMMENTS FROM SP TULSANI
The company has strong fundamentals as indicated by a CRAR of 60.57% against requirement of 15% and nil NPAs, as of 31-12-10. For FY10, it clocked total income of Rs. 53 crore and earned PAT of Rs. 25.5 crore, resulting in EPS of Rs. 0.59 on equity of Rs. 435 crore. For 9mFY11, total income rose to Rs. 83 crore (including Rs. 3.5 crore from sale of wind power) with PAT surging to Rs. 31 crore, translating into an EPS of Rs. 0.72. 77.





60 % subsidiary of PTC India with balance 22.40% held equally between Goldman Sachs and Macquarie Group,


The company’s networth, as of 31-12-10, stood at Rs. 664 crore, while it had secured loans worth Rs. 477 crore outstanding, with total assets of Rs. 1,168 crore. Its return-on-assets (RoA) has also been improving from 3.2% in FY10 to 3.9% (annualised) for FY11.
We recommend the issue and investors are advised to apply at the upper end of the price band.

SBI BONDS
SERIES BONDS SBI IS RS 1048 LOW 10001
AFTER INTEREST CREDITED TO ACCOUNT WHERE ARE THE FOOLS WHO ARE CALCULATING PREMIUM ON SERIES 1 BONDS
SERIES BONDS 10220 THIS IS CUMULATIVE INTEREST AND INTEREST WILL BE CREDITED AFTER 1 YEAR OR AT MATURITY
LISING OF SERIES BONDS WITH RS 100 TO 200 PREMIUM IF INTEREST RATES ARE IN CREASED ON 17 MARCH RBI POLICY THE GOD NOW WHAT WILL HAPPEN TO PREMIUM

Valuation of Corporate Bonds
Corporate bonds tend to rise in value when interest rates fall, and they fall in value when interest rates rise. Usually, the longer the maturity, the greater is the degree of price volatility. By holding a bond until maturity, one may be less concerned about these price fluctuations (which are known as interest-rate risk, or market risk), because one will receive the par, or face, value of the bond at maturity. The inverse relationship between bonds and interest rates—that is, the fact that bonds are worth less when interest rates rise and vice versa can be explained as follows :-



When interest rates rise, new issues come to market with higher yields than older securities, making those older ones worth less. Hence, their prices go down.


When interest rates decline, new bond issues come to market with lower yields than older securities, making those older, higher-yielding ones worth more. Hence, their prices go up.


As a result, if one sells a bond before maturity, it may be worth more or less than it was paid for.

Friends,
I have a gut feeling RBI will pause on 17th March & will not raise interest rates as the situation is very fluid.Inflation expectations are coming down & even commodities are facing selling pressure.So I think it will be a wait & watch.If it does happen then it will be a great boost to our SBI bonds.

Ritwadhwani,
Even in ICICI securities also you can watch the bond rates & trade them.

Rtiwadhwani

If you have HDFC broking A/C, then you can yourself see the price movement on your computer. Otherwise you have to enquire the price at any time from the broker who will sell your bonds.

Every broker is supposed to load the SBI bonds on their terminals for daily trading purpose.

Simpleton,

What made you to use some of the following words directed at Sreedhar?

You have painted a very bad picture of him saying he "enjoys publicly ridiculing you" and "passes judgment on others".

Also you have said "humility is not one of his strong points".

What is your motive?

What you are up to?

Aren't you the one who started the whole thing?

Do you expect him not to react and "show humility" when you question his self respect?

Do you want him to be a saint?

I think you, for some reason, find pleasure in attacking him and you wait for an opportunity to do so.

Already this forum has seen some people like you before and they have all come and gone.

But genuine people of this forum know who Sreedhar is and what value is he to this forum.

Go through the back pages of this forum if you can't understand what I say.

I think it is a waste of time and energy to react to comments of people like you.

So whatever you post from hereon, this is my last reply to you.

CM 48/100 !!

PTC India Financial Services

Strong parentage

Capitalising on ample opportunity in power sector financing====

Valuation

PTC India Financial Services annualized EPS for 9M FY 2011 on post-issue equity works out to Rs 0.7. At the price band of Rs 26 to Rs 28 (without considering discount of Re 1 to retail Investors) P/E works out to 35.1 to 37.8 times. Considering discount of Rs 1 to retail investors P/E works out at 33.8-36.5.

Pre-issue Book Value is Rs 15.29. P/BV at lower band of Rs 26 works out to Rs 1.7 while at higher band of Rs 28 works out to Rs 1.8.

Post-issue Book Value comes out to Rs 17.6 and Rs 18.1 at issue price of Rs 26 and Rs 28, respectively (considering discount of Re 1 to retail investor for 35% of issue size). P/BV at both the bands works out to be 1.47 and 1.55 times, respectively.

As the company is engaged in equity investment as well financing solutions for the power companies it does not have any peer group in the listed companies in India. However, other companies operating in power financing are PFC (Power Finance Corporation) and REC (Rural Electrification Corporation), whose balance sheet size is much larger than the PTC India Financial Services and has much longer operating history. P/BV for PFC is 1.9 while for REC is 1.8.

Thxs a ton CLD... another small request where can i look @ the price of these bonds on listing day..
Thxs once again

SBI BONDS

EX INTEREST FROM TODAY

THATS WHY IT HAS FALLEN DOWN

NOTHING ELSE REASON

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