A phrase that the Oxford English Dictionary reports was first used in 1736. It means "to make an inventory of the merchandise, furniture, etc., in one's own possession, recording its quantity and present value, or to make a careful estimate of one's position with regard to resources, prospects, or the like."

Monday, February 19, 2007

Allotment status of Power Finance Corporation

Applying for multiples greater than 50K seems to be working great for me. I have got an allotment of 80 shares in the Power Finance Corporation IPO. Karvy has not yet released the BoA (Basis of Allotment) details and hence I cannot gauge how lucky I was. I was really hoping on getting some allotment in this issue, since I'm very confident this scrip is going to have a phenomenal listing. The issue was over-subscribed a whopping 150 times in the QIB category. So, all those institutions who were denied allotment are going to be on a buying spree on the listing day.

You can check your allotment status here

This should further improve my IPO hit-rate :-)

Issue Allotment
Info Edge India REJECT
Parsvnath Developers Rs. 6000
Sobha Developers
REJECT
Tanla Solutions
REJECT
Pyramid Saimira
REJECT
Autoline Industries REJECT
Global Broadcast News Rs. 6250
Redington India REJECT
Firstsource Solutions
Rs. 8704
Power Finance Corporation
Rs. 6800

4 out of 10. The hit-rate stands at 40%

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