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If anyone requires and forms for NCD''s,FD''s,IPO''s, Capital Gain Bonds ,FPO''s Funds,etc.. pls mail me @ Email or sms me- 9840277409 with ur email ID. I will forward the same to the respective email ID. The same can be deposited at any of the IIFL office.In case of Chennai, I will provide door delivery.
I am new to this forum, can anyone tell me when is the allotment be done for Powergrid corporation..fpo
Thanks in advance
Basis of allotment is expected to be released on 16th December 2013. Till that time we all need to keep our fingers cross on how many shares will be allotted.
date of allotment
what will be roughly allotment of shares of powergrid for 2 lac application and when we will get allotment .
Dear Sreedhar i am getting 4000/ shares in pwr grd fpo what is your advise should i sell in future or wait for listing, what do you think cash price will go below 95 or it will stay near +- 10percent 95,
rumour airing that those retail investor who apply for 2250 share may face cancelled bid ,
this is not correct...Cut off price or Max bid price is Rs 90 so taking 5% discount 85.5 will be the price for retail investor. so total amount for 2250 shares is 192375 which is below the 2 lakh maximum allowed investment for retail investor. I have also confirmed with my broker. So it is valid bid and allotment will be done on the basis of allotment that will be declared in 3 to 4 days. So leave rumuours for themselves.
I think allotment will achieve nearly date 20 Dec
when is allotment & listing date ?
fingeres crossed !!
don''''t apply for unknown ipo. many useless company looted through ipo. i am destroyed by ALSL, SILINFRA ipo like company. you can see like these two ipo present share price. so i hate unknown ipo company. your money may go to wastage.
worth to buy IIFL NCD????
Your valuable response please....
you can go through ncd its ok
Worth to subscribe??
Any possibility to get listing gain??
Issue price annonced at 90.
Retail investors to get at 85.50.
you can options to hedge your positions, there is no lot size restriction there you can hedge for amount equal to amount of shares alloted for you in IPO. You need to first check the IPO allotment status and then plan strategy to eliminate complete risk. My sense is that stock will quote near 100 levels before listing day and on listing day it will close near to 85-88 levels. At levels of 100 most big investors will hedge their positions using options and they make the stock to fall down on listing day so that big chunks can be looted from small investors. so dont get trap in this and act accordingly before listing day. Any doubts you can ask.
Thanks ankur ...
No lot size restriction : dec is 2000 and jan is 4000
IPO Allotment: I am sure 2000 could be +- 200, does not matter
Do you suggest me to short this right now or wait for some more days ? and if short then december or january and if jan then there will be some risk as is of 4000 shares ..please suggest
i am sorry if i am acting a bit stupid :)
Hello, Options interest if you check in Nseindia.com site it shows IPO expect to list in the market before expiry may be 1-2 days before expiry. There is huge build up of Calls and Puts options near 90 levels. So Dec expiry price in Power grid would be near 90 levels not more than that. Now next step is to eliminate risk and protect capital. If you are expecting 2000 shares then you with out any hesitation hedge your position by buying 95 puts today available at price of Rs 2. Considering expiry to be at 90 levels your net profit becomes 4.5*2000 + 3*2000 = Rs 15000 sure shot with 0% risk. Still any doubts let me know. Approx 8% returns in span of just 20 days on your 2 Lakh investment which is good one to grab even for very big HNIs like me.
I AM new bie please elaborate how to hegdge .what instrution i have to give to my broker for selling before listin of share.also i have applied for two application of 1 lakh each.how many i could get.
If you have applied for 2250 shares and expecting 1000 shares allotment, then tell your broker to buy 1 lot of Puts@ Rs2.0 to hedge your position.
This will protect you in case FPO Price goes below levels of 93 on listing day.
Ideally hedging done in ratio 1:1 but in your case since there is no other solution so this will work best for you.
Both of you are Shekh Chilli. Please note that there is always a lot size in options also. Second even most foolish investor of this IPO know that per 2 lac application there will be an allotment of roughly 1000 shares.
Dear every thing in market needs to be planned. People who speculate every time, end up losing everything in end. Regarding allotment of shares unless its officially declared no one knows how much allotment will be. But yes foolish people keep on assuming that they will get that much shares and sit silent. And when share touches the Buy price or go below that they get shivers and sell in Panic.
price on 89
Hi..As per the advice i have made 2 applications for 2100 share each ...and should get in total approx 2100 shares in allotment (approx 1050 each).. Now i want to short sell and January lot is for 4000 and not 2000 shares .. Please suggest shall i short sell January or December lot of 2000 ? thanks
hope i make sense !! basically want to short sell !! any advice would be very valuable ..have never short sell before !! thanks
powegrid may test 108 in january
I plan to sell this on the listing date itself. All a am trying to do is hedge or arbitrage. The current jan future is of Rs 95.2 ...Now if is sell this today ...irrespective whatever the listing price is i will make Rs 20000 ... only prob is in jan future lot size is of 4000 and in dec it is 2000 ... i cant apply dec as not sure of allotment otherwise dec is sure shot win win situation
hopw make sense
1850 to 1900 share u may be alloted
Power Grid FPO boost movement in Grey Markets
Kostak price of Rs. 2 lakh application reaches Rs. 7800
Premium Rate is High to 6/7 in Sakar Bazar
Power Grid FPO has boosted movements in the grey markets. Last week, the kostak price of Rs. 2 lakh application was Rs. 3900 which has increased to Rs. 7800 this week. Sakar Bazaar witnessed long queues for selling forms. The grey market players were also buying Rs1 lakh application along with Rs 2 lakh applications. On Friday, people were queuing up for submitting forms with cheques ready in their hand, on the other hand, there was huge rush to sell the application forms at kostak price. However, kostak price buying deadline expired on Friday so people waiting for higher returns got disappointed. According to market reports, some of the big operators who sold the shares in futures at price of Rs. 95 got enough number of application forms to suite their requirements, so they stopped buying forms. However, in last five six-days the investors bought and sold millions of shares at kostak price of Rs. 3900 to Rs. 7800, believes sources in the market
EGoM to fix issue price of FPO today, say govt sources........
wellcome back sreedhar