Please Share::
India Equity Research Reports, IPO and Stock NewsVisit http://indiaer.blogspot.com/ for complete details �� ��
Apply for PFC FPO only for LONG Term Gains. Listing Gains Less Likely
Current Over subscription for Power Finance Corp Follow On Offering is already 3.58x led by QIB which have subscribe 6.92x
Bid is mostly at upper end of price band 193-203
Final price will be at Rs 203.
While stock price is around 215.90 in BSE and 215.85 in NSE
May 26 futures are at 205.30 and going down!! By the time you get FPO shares stock may be near price of Rs 203
Long term good stock. Listing gains may be difficult.
POWER FINANCE CORPORATION LTD Follow On Oversubscription After end of May 12th (QIB's last day) HNI and retail can apply on May 13th Friday
| Total Issue Size | 229553340 |
| Total Bids Received | 821348108 |
| Total Bids Received at Cut-off Price | 21320908 |
| No. of times issue is subscribed | 3.58 |
| Sr.No. | Category | No.of shares offered/reserved | No. of shares bid for | No. of times of total meant for the category |
| 1 | Qualified Institutional Buyers (QIBs) | 114638937 | 793573340 | 6.92 |
| 1(a) | Foreign Institutional Investors (FIIs) | 252324744 | ||
| 1(b) | Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) | 444764264 | ||
| 1(c) | Mutual Funds | 93969736 | ||
| 1(d) | Others | 2514596 | ||
| 2 | Non Institutional Investors | 34391682 | 312956 | 0.01 |
| 2(a) | Corporates | 134652 | ||
| 2(b) | Individuals (Other than RIIs) | 178304 | ||
| 2(c) | Others | 0 | ||
| 3 | Retail Individual Investors (RIIs) | 80247257 | 27420792 | 0.34 |
| 3(a) | Cut Off | 21291004 | ||
| 3(b) | Price Bids | 6129788 | ||
| 4 | Employee Reservation | 275464 | 41020 | 0.15 |
| 4(a) | Cut Off | 29904 | ||
| 4(b) | Price Bids | 11116 |
Updated as on 12 May 2011 at 1700 hrs
No comments:
Post a Comment