NHPC listing Date on Stock Exchange

UPA govt first public sector offering NHPC will list on 1st September on the Indian Stock Exchanges.

NHPC IPO Allotment Status & NHPC Grey Market premium

NHPC IPO Allotment Status now available at

Check Status Now

Current Grey Market premium is around Rs 4-5 .
713 shares have been allocated if you have applied for complete lot at upper band.


Other News :-
GMR Infra saw some good rally after long time.
Aban Offshore saw huge rally with stock increasing about 26% in a day.

Other Grey market premium
Oil India 950 to 1050
155 to 160
Jindal Cotex 70 to 75
3 to 4
Globus Spirits Ltd. 90 to 100
5 to 6

SREI INFRA Rally

Srei Infra was at 63 before the last post on 23rd August. Today it has touched high of 72 (an increase of 14-15% in 2 trading days)

Current book value of Srei is probably around Rs 97 and is available cheaper than its book value.

Short term looks good.

SREI Infra News

• Srei Infra is planning to build Auto Component SEZ in Bengal. So far 33 hectares have been acquired out of 100 hectare. This project is of great significance for bengal after tata nano project has been pulled out of the state
  
• Srei Infra Telecom Arm Quippo which handles tower business and also owns 49% in Tata Towers is bidding for Aircel Towers. Malaysia Maxis holds 74% in Aircel Telecom.
• Srei Infra is also planning to enter into Jail Constuction business in PPP model. Srei will build Jails outside the city and manage it for a fee. I will also get the prime land from the previous jail site for development.
• Srei Infra also wants to upgrade the rural infrastructure by rebuild village market place or Haats.
• Srei Finance wants to start financing medical and IT equipment projects soon.
  

Other new

Srei Infra to participate in Light Rail Project in Kolkata

Srei Infra Post

Primary Market and Secondary Market

In Primary Market securities are offered to public for raising capital also called IPO(Initial Public offering). The proceeds from the issue goes to the issuer of the paper.

In Secondary Market securities already offered are traded in the market. Most of the trades happen in secondary market.

2 years back Primary Market was a good place for small investor to make handsome profits. Just the luck of getting allotment confirmed the profits you are going to make.
Some people use to take loans to apply for an IPO also probably through multiple accounts.
20-100% return in short period of time and relatively risk free was a good proposition.

Things have turned now. After nearly dead primary market for 1-1.5 years, they are back and people had high hopes with them. Adani Power, NHPC , Oil India,Mahindra Holidays raised hopes that IPO option will be available again to make money. Adani Power dashed off all the hopes with listing almost around the upper band and no margin left for the investor to make money. Those you have bought money to apply (basically HNIs) would have burnt fingers because even getting back interest money would have been difficult.

Looking at the market condition Grey market premium for NHPC is also down to 4-5 Rs from Rs 10-12. If market is in bad shape on the day of list, you wont see any premium on that day. BRLM suggested Rs24-30 as price band but govt became greedy looking at the rise in the market and fixed Rs30-36 not leaving anything for the investor.

I guess applying to an IPO locking the money for it(even if it is ASBA) doesn't make sense if it gives return of 2-4%( if you are investing 1 lac) there will be many more opportunity in the secondary market to make more than that.

If you really want to invest in the company for long term you can buy the share on the listing day. Only drawback would be that you have to pay the brokerage which you don't have to pay if you apply through IPO, but who knows you might get cheaper than the price band :-)

New Direct Tax Code : Government Putting money in citizens Pocket

Pay only 10% tax on 10 lac salary :O. This is kind of good news. More money will trigger more spending and stimulate the economy.

Savings limit is also going to be increased from 1 lac to 3 lacs.

For traders and Investors STT will be abolished.

Govertment Securities Interest tax free and business loss can be carry forwarded indefinitely.

Some good news in otherwise dull market in absence of monsoon.

Check IPO allotment Status

Check your IPO allotment status

Adani IPO allotment subscription

Adani IPO allotment has come out after NHPC IPO closes for subscription.

Check your IPO allotment status in the next post.

NHPC Oversubscribed 23.73 Times : IPO Closes

Here is the final status of the NHPC IPO

Total Issue Size	1677374015
Total Bids Received	39811363550
Total Bids Received at Cut-off Price	1792735000
No. of times issue is subscribed	23.73

Mutual Funds : Acronym Funds

Mutual Funds are now a days coming up with catchy names. These can be expanded to see elaborate names of these funds.

Here are few.

ICICI Prudential R.I.G.H.T. Fund ( Closed Ended ELSS scheme)
RIGHT -->Rewards of Investing and Generation of Healthy Tax Savings

DSP BlackRock India T.I.G.E.R Fund ( Open Ended diversified scheme)
TIGER --> The infrastructure Growth and Economic Reforms

Canara Robeco F.O.R.C.E Fund (Open Ended sectoral scheme)
FORCE -->Financial. Opportunities, Retail Consumption & Entertainment Fund

Sundaram BNP Paribas S.M.I.L.E Fund ( Open Ended Midcap small cap fund)
SMILE --> Small & Medium Indian Leading Equities

SBI Magnum COMMA fund
COMMA --> Commodities of Oil& Gas, Metals, Materials & Agriculture .

We have to see how catchy their returns are as their names :-)

NHPC IPO SUBSCRIPTION : CLOSES TOMORROW

NHPC IPO is going to close tomorrow. It is already subscribed 6.16 times.

Retail Investors have over subscribed 1.2 times till now.

Affordable housing in Bangalore

Recently bangalore newspaper is seeing huge ad war between realty developers and builders. There is sudden spurt in these full page advertisements. Each developer is praising the location and benefits of their property.

There are many homes available sub 30 lacs and sub 20 lacs.

Government is also promoting affordable housing and now have recently announced subsidy of 1% for sub 20 lac homes for a loan of 10 lacs for the first year.

These properties are also good for PSU and other government employees.

Here are few projects which are in affordable range and can give investors substantial return in longer run and also good for people who want to move into their Dream Home.


Ozone Group
Evergreens is located off Sarjapur road near to kormangala and marathalli ring road. Price range is 20lacs to 30lacs for 2 to 3 BHK with size between 900 - 1200 sq.ft
Build on 10 acres of Land.



Orange Group
Orange Township- as you drive just few minutes away from Devnahalli International Airport will leave you fascinated.



Purvankara Group
This group has launched provident housing Welworth city in Yehalanka doddebellapur main road on 40 acres land. Prices are between 14.9 to 20.0 lacs for 845(2BHK) to 1180(3BHK).

Confident Group
Confident Atik is on Sarjapur Road offers 2 and 3 BHK houses. Has flats from 774 ft to 909 ft with prices between 13.5 to 16 lacs.
Location has international schools other housing projects and infosys has also bought 400 acres of land.

Sowparnika Projects
Situated at the most coveted location on Sarjapur Road, 9 km from Wipro corporate office and other MNC’s. Sowparnika Ananda follows Sowparnika’s well trodden path of providing quality that’s now accessible to all. There are 140 2 bed room and 12 3 bedrooom apartments

Golden Gate Properties
The Commune project has 2500 world class living space with prices starting from 19 lacs and is built over 30 acres. It is 3.5 kms from Mysore road near banshankari metro station.

Please share if you have some more properties to add so that readers could benefit.