Initial Public Offerings - IPO Market Initial Public Offerings - IPO Market
10th March 2011, 08:39 AM
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PTC India Financial Services IPO
PTC India Financial Services is planning IPO in this Month to raise 450 crores by issuing 12.75 crore shares.
PTC holds 77.6% stake while others [Goldman Sachs, Macquarie] hold the remain portion.
Post-IPO PTC holding comes down to 60%.
Price band may be anywhere between 35-45 rs.
What do you think guys is it better to buy PTC at 88 today or subscribe to forthcoming IPO?
Ram
10th March 2011, 10:30 AM
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I haven't seen the financial statements of PTC India Financial Services and so neither can I comment on it nor compare it with PTC.
PTC India's consolidated results for FY 2010 were almost the same as the standalone results.
If PTC India holds 77.6% stake in PTC India Financial Services, then results of PTC India Financial Services should have been included in consolidated results of PTC India.
PTC India Financial Services doesn't make much money or what?
(Time to download FY 2010 annual report of PTC India.
).
10th March 2011, 10:47 AM
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Just checked the 2009-2010 annual report of PTC India.
10th March 2011, 12:44 PM
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" In the first half of 2010-11, PFS reached the 2009-10 net profit of Rs 25 crore."
Here is the Link:
PTC India: Long-term triggers
Ram.
14th March 2011, 12:12 PM
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Got no money, all blocked in "Lovable" IPO.
Last edited by Alchemist : 14th March 2011 at 05:53 PM .
14th March 2011, 05:50 PM
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15th March 2011, 09:33 AM
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Terrible timing from the company. Just 5 days before issue opening are the dates announced. Won't be able to apply as have locked my money!
15th March 2011, 09:55 AM
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Can anyone please provide your views on this IPO? Is it profitable now to apply for some lots?
16th March 2011, 11:08 AM
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Post Issue Statistics
16th March 2011, 11:17 AM
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S P Tulsian is bullish on it.
This is not a good sign for this IPO.
.
But I may review and will make my mind on last day.
16th March 2011, 12:41 PM
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Following grade by reputed star rating company :-
16th March 2011, 02:31 PM
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Quote:
Originally Posted by
marketmover
Post Issue Statistics
It's a small company compared to bigwigs like REC and PFC.
What should be the growth premium for it?
16th March 2011, 02:38 PM
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The company is offering discount of Re 1 to the issue price to retail investors.
16th March 2011, 02:54 PM
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Quote:
Originally Posted by
dhaval3618
Following grade by reputed star rating company :-
Is it because Goldman Sachs is having its major holding in this company?
17th March 2011, 01:40 PM
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Very poor response as of now.
Hesitate to apply.
.
17th March 2011, 03:00 PM
Sachin Asher
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Nothing much to add.
17th March 2011, 03:01 PM
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Quote:
Originally Posted by
San Yad
Very poor response as of now.
Hesitate to apply.
.
Highly overpriced issue, will skip this one.
Waiting for ONGC and PFC FPOs.
17th March 2011, 03:07 PM
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Capital structure of the company: Issue break-up (buyers): Issue break-up (sellers):
18th March 2011, 09:27 AM
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The company has got anchor investors like HSBC @ Rs. 28 per share. Subscription for that segment is 100%. So not all bad news then.
19th March 2011, 05:57 PM
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Subscribed only 1.7 times
.
30th March 2011, 09:22 AM
Sachin Asher
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PTC India Financial Services has listed today.
30th March 2011, 09:54 AM
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There isn't much trading interest in this stock.
30th March 2011, 10:21 AM
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Trading at 15% lower price with upto 1 crore shares being traded.
30th March 2011, 10:22 AM
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If it comes to 22/20 levels is it going to be good to buy for short term?
30th March 2011, 02:37 PM
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Quote:
Originally Posted by
magnet
Trading at 15% lower price with upto 1 crore shares being traded.
Quote:
Originally Posted by
ramkasi
If it comes to 22/20 levels is it going to be good to buy for short term?
I think it is better to stay away from this stock. The listing has been bad and there must be many people waiting for a higher price to sell their shares.
The stock is unlikely to go anywhere near the IPO price in the next few days.
Maybe if it comes to 20 today, I will buy for a short-term bounce to 22-23. Otherwise I am not interested in this stock.
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PTC India Financial Services IPO
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