PTC India Financial Services Ltd IPO Message Board (Page 22)

Dear Sreedhar,
Actually one of friends was telling me in the forenoon that it was tempting for him to short Fineotex but at 3.20 he told me it was good that he had not shorted. Then, alas! It started to fall into a pit and only the market close saved it. The real drama in Fineotex will unfold tomorrow I think. Those who closed shop at 3.25 will see with shock the average price of 160, not aware of it touching 149, but the real shock awaits them in the morning tomorrow!

whats the gmp on ptc financial ipo

I may go for Innoventive IPO if price band is right.

I will be applying PTC. I think issue is not very expensive, issue price is relatively okay.

thanks sreedhar,regarding PTC, in my opinion price band is costly I will correct my earlier posting.

Which is better way to earn most;-

1) Apply in an ipo through ASBA from savings a/c

or

2) Apply in an ipo through overdraft facility availed against fd ????


IN THE FIRST SCENERIO(ASBA):-

Suppose in a year one invests in 12 ipo and avg day of money blockage is 15 days.

so if one has 1 lac to play around he will be earning Rs. 3500/- through interest on savings a/c (ASBA)


IN THE SECOND SCENERIO:-

Suppose one buys a 3 yr fd @9.25% p.a. and avails overdraft against that fd @ 2% higher interest rate .
Assuming the same situation that one invests in 12 ipo in a year and avg day of money blockage is 15 days..

Total interest earned on fd will be Rs. 9580 ( annulised )....
Total interest paid on overdraft will be Rs. 5750 ( 182 days @ 9.25+2% )....

Interest earned on ASBA if overdraft money is transferred to savings a/c and then applied in the ipo through will be Rs.1500(150-155 days @ 3.5%p.a.)

Other charges related to overdraft a/c would be around 500 p.a. in the form of AMC OF OD A/C ETC.

so net earning in second option is Rs. 4330/-

other positives(+) and negatives(-) of the above 2 scenerio are:-

1) o/d is provided only upto 80-90% of fd. (-)
2) if the o/d banker is different delay in transferring fund, thus loss of interest (-)
3) If market is bad and less no of ipo comes in the yr (+)
4) in the first scenario no upside in interest possible even if 0 ipo comes or 500 ipo comes, but in second scenario interest will increase if lesser ipo comes

PTC GMP has decreased from 4 to 1.75

Dear TS Shekawath,
As GMP is good you can sell half of your holdings.Rest keep with you.Bond yields have come down & bonds are staging a small rally.Listing should be good.

Considering the current market situation, one should avoid PTC

grey market rate:- 2 rs seller only

Size of issue is large for operators to manipulate so it can go into discount as well

better to protect and save money for Muthoot and micromax ipo

sreedhar,
Good evening,i had applied for sbi bonds,i just want to know whether there is some hype is created like MOIL as just before listing its gmp was written as 300+,which it never touched.plz suggest whether i should exit with gmp th my broker or wait for listing as i did not sold MOIL ON the listing day and sold at 412.
with regards
TS

PTC INDIA IPO
ISSUE CLOSES 18MARCH 2011
MONEY REFUND BY 28 TO 30MARCH AND LISTING THERE AFTER ON 31MARCH 2011
RATE IS ALSO COSTLY AND MONEY OF SALE OF SHARES WILL BE CREDITED IN ACCOUNT IN NEXT FINANICAL YEAR

MR Sreedhar- You are write ll 57-59. Pl tell me correct GMP of PTC ( APP & SHARE both)

Dear Gane,
Lovable ling is at 55-57 .

Hi Gane,
official GMP is:
Lovable Lingeries Ltd GMP 37 - 40
PTC India Financial Services Limited Rs. 1 - 1.50

But Lovable GMP will climb as listing day approaches
while PTC India will move downward. That will be difference.

Does the GMP of Lovable increased to somewhere close to 80? I read it somehwere. but why it is mentioned as 37-40 here?

Sreedhar, any idea about GMP of lovable?

Gane.

Dear Natarajan,
Did you see the last minute trade in Fineotex today??It was at circuit at 169.05 till 329 pm 30 seconds.At that someone unloaded a huge chunk & it fell to 149 in 5 seconds flat.People like simpleton may have 2 much cash in hand to bear such swings ie bear 20 rs loss in 5 seconds.

Simpleton,
Can't you understand the context with which Sreedhar posted the said message?
It was given as a reply to SkDash's message that he had shorted FCL at 102 expecting a target of 90 and Sudar at 88 expecting 80. In that context Sreedhar had advised SkDash to not to initiate such trades in such issues in which nobody knows what will happen. See at what price those two are ruling now. Just imagine what would be the loss if SkDash had left it for auction.
You have found fault with Sreedhar's comment that profit will even out if one continues to apply in such issues. What wrong you find in that? I know from my personal experience how true thoase words are. Whatever I have earned in the other issues I have lost in issues like Shree Ganesh, Ramky and Omkar and my profit has really evened out.
Therefore I request you to kindly understand the context with which a comment is given. I also request you to not to wait like a mother in law for an opportunity to find fault with her daughter in law.

Allotment is scheduled on 16th March 2011. After the allotment within 3 days the credit will be given to the demat account and the refund will be given. The listing is scheduled on 23rd March 2011. The online allotment status will be available on our website www.dfssl.com or on telephone given below.

Dear All,

Allottment date for SBI Bonds is 16th of this month .

Posted by: BDMP JAIN,New Delhi in Grey market section.

PTC India Financial Services, Indian non-banking financial institution promoted by PTC India, has fixed a price band at Rs 26-28 a share for its initial public offering of 15.67 crore equity shares, as per advertisement in The Financial Express on Monday.

The issue consists of a fresh issue of 12.75 crore equity shares by the company and an offer for sale of 2.92 crore equity shares by Macquarie India Holdings Limited. The issue will constitute 27.88% of the post issue paid-up capital of the company. It will open for subscription during March 16-18.

PTC India Financial is an Indian non-banking financial institution promoted by PTC India to make principal investments in, and provide financing solutions for, companies with projects across the energy value chain.

Company hopes to raise Rs 438.76 crore through the issue at higher end of price band.

Company will not receive any proceeds from the offer for sale, which is about Rs 81.76 crore. The company intends to utilize the proceeds from the fresh issue about Rs 357 crore for augmenting capital base to meet future capital requirements arising out of growth in business.

SBI Capital Markets Ltd, JM Financial Consultants Pvt Ltd, ICICI Securities Ltd and Almondz Global Securities Ltd are the book running lead managers to the issue. Avendus Capital Pvt Ltd and Karvy Computershare Pvt Ltd are the co-book running lead managers.


share premium is 3.00-4.00
kostak is 3000-3200