PTC India Financial Services Ltd IPO Message Board (Page 9)

I have been allotted 2000 shares @ 27. Rs. 54000/- has been debited from my ASBA account.

I got allotment of 7000 shares today. Money(Rs. 1,89,000)debited from my ICICI Direct account.

RKN

it will list with premium as market conditions is good and it rises 6% from the closing of the issue.it should list around 30

the main reason y this ipo has not been subscrbied 20 or 30 times is that 4-5 big broking houses, like smc capital, enam, karvy are barred for some issue with COAL INDIA IPO application so they could not sell PTC IPO.

1.20 BUYER PTC INDIA FIN. WILL BE A JACK POT FOR RETAIL WHO TOOK RISK

What is the Current GMP of PTC???

Allotment date of PTC is 28th March, 11.

What is the GMP for PTC now......???

what is the allotment date?

as i said gmp doesnt indicate listing as u see in ll

pfs declared price rs28 ,we will get at rs27

I APPLIED 500@28

at what price share of pfs will be given to retail invester ?

as it was not subscribed fully...i think it will list in d range 34 to 40 ...may it will reach 45 to 50...& go downward ..but it has strong support at 30 level

there is no grey market premium. it has gone into discount, check out greymarket dot in.

Now, Sweets, Salts and Medicals Treatment are costlier in Delhi. One suggestion is there.

Govt. should amend the following:



Custom Duty – 100% on basic rate

Excise Duty - 100% on basic rate

Education Cess - 100% on basic rate

Secondary & Higher Education Cess - 100% on basic rate

Service Tax - 100% on basic rate

VAT - 100% on basic rate

CST - 100% on basic rate

ESIC - 100% on Bill Amount

EPF - 100% on Bill Amount

TDS - 100% on Bill Amount

Professional Tax - 100% on Gross Total Income

Income Tax - 100% on Gross Total Income

Luxury Tax - 100% on basic rate

Entertainment Tax - 100% on basic rate

Fuel Surcharge - 100% on basic rate

Bribe - 100% on total scam



Hence each and every person will require 100% loan to pay 100% duties and taxes to save 100% penalty and to save 100% bribe by not paying the above 100% duties and taxes.

So that govt. will be saved by wasting his time for 100 months on thinking of raising any rates in above categories and our economy will grow by 100% rather than 8.5% - 9% within these 100 months.

Sharekhan is bullish on PTC India and has recommended buy rating on the stock with a target of Rs 114 in its March 22, 2011 research report.

“PTC India (PTC) is a leading power trading company in India with a market share of 33% in CY2010. Driven by the strong growth in the trading volume and an uptick in the trading margin, the company’s revenues and operating profit are expected to show a robust compounded growth of 24% and 54% respectively during FY2010-13. It has secured the trading volume growth by entering into long-term power purchase agreements (PPAs) for 14,186MW of power with power developers (as on December 31, 2010). Excluding the PPAs under litigations for about 1,100MW of power, the power capacity under the long-term PPAs would increase multifold to 3,238MW by FY2013, up from 282MW in FY2010. Overall, the trading volume is estimated to grow 2.3x over FY2010-13.”

“The Central Electricity Regulatory Commission (CERC) had fixed a short-term trading margin of 4 paise per unit in 2006. In January 2010, the CERC revised the same to a maximum of 7 paise per unit while keeping the base rate at 4 paise per unit. This was a positive move for power trading firms that were reeling under cost pressure. Given the strong growth outlook in its core power trading business, the non-operational contribution to the profit before tax (PBT) is expected to fall from 56% in FY2010 to 20% in FY2013. Consequently the core return on equity (RoE) would also improve to 9.9% in FY2013 from 4.5% in FY2010. In the last few years, PTC has invested in various new areas like power project financing (via PTC Financial Services [PFS] or by taking a direct equity stake), coal trading and power tolling. PFS has been generating good returns for some time but PTC Energy Ltd (PEL), the other major subsidiary, has recently started generating revenue. PEL’s revenue contribution would significantly jump in the subsequent years. Overall, we expect PTC’s subsidiaries to contribute about 32% to its sum-of-the-parts (SOTP) valuation.”

“Given its niche positioning, de-risked business model and strong growth outlook with an improving core RoE, PTC’s valuations are quite attractive on an SOTP basis. Its core power trading business is valued at Rs54 per share (at 15x FY2012E earnings) whereas the investment in PFS (valued at Rs 20 per share based on 1.5x post-issue book value) and in PEL (valued at Rs16 per share based on 5x FY2012E earnings) cumulatively add Rs 36 to our price target. Moreover, the company had Rs 709 crore of free cash on its books as on September 2010 (Rs 24 per share), which takes the price target to Rs114 per share. Even on a price/book value basis, the current valuation of 1x FY2012E book value is a huge discount to PTC’s mean average multiple of 1.4x one-year forward book value. We initiate coverage on PTC with a Buy recommendation and a price target of Rs 114 per share,” says Sharekhan research report.

HOPEFULLY PFS SHALL ALSO GAIN FROM PTC

Dear Vas Nat,

I am new to this website, I like your comments on PTC india. What you are telling is true, and thanks for informing to others.

Jani

For those who have applied in PTC -

Normally the public sector issues even if it is going down will provide chances to exit without loss. Meaning to say if the trend is negative it will reach the issue price at least few times before going down. I have experienced this in issues like SJVN, NHPC, NTC etc.

Disclosure - I have not applied in this issue.

Friends,
Those who want safe returns as well as good investment idea,SBI bond is one of the best options.In 1 year time I expect the interest rates to have already started downward trend.At that time SBI bond will trade at a significant premium.Heads you win ,tails you win in this investment.If my assumption grows wrong then I will get 10 percent interest & If my assumption is right then it should easily give 25 percent return (which includes interest).Such a safe investment in these highly volatile times.