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Power Grid Corporation of India Ltd FPO (Power Grid FPO) Detail

November 9, 2010 - November 12, 2010

Power Grid FPO is a book built issue of Rs 7,442.34 crores.

Power Grid FPO bidding started from November 9, 2010 and ended on November 12, 2010. The shares got listed on BSE, NSE on November 25, 2010.

Power Grid FPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹5,850.

Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, J.P. Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers of the Power Grid FPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Power Grid FPO RHP for detailed information.

Power Grid FPO Details

IPO Date November 9, 2010 to November 12, 2010
Listing Date November 25, 2010
Face Value ₹10 per share
Price Band ₹85 to ₹90 per share
Lot Size 65 Shares
Total Issue Size841,768,246 shares
(aggregating up to ₹7,442.34 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE

Power Grid FPO Reservation

Power Grid FPO offers 841,768,246 shares. 419,189,323 (49.80%) to QIB, 125,756,797 (14.94%) to NII, 293,432,526 (34.86%) to RII, 3,389,600 (0.40%) to employees. 4,514,346 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 2,275 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered419,189,323 (49.80%)NA
NII (HNI) Shares Offered125,756,797 (14.94%)
Retail Shares Offered293,432,526 (34.86%)4,514,346
Employee Shares Offered3,389,600 (0.40%)NA
Total Shares Offered841,768,246 (100%)

Power Grid FPO Lot Size

Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 65 ₹5,850
Retail (Max) 34 2210 ₹198,900
Lot Size Calculator

About Power Grid Corporation of India Ltd

Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India�s interstate and inter-regional electric power transmission system and carries electric power across India.

Power Grid with a network of 150,000 transmission towers in India is planning to grow its telecom business by renting out at least 10-15 percent of its tower infrastructure to the telecom firms in the country. The proceeds will be mainly utilised for constructing nine country-wide high capacity power transmission corridors which would cost it more than Rs 50,000 Crore. Power Grid Corporation announced a 41 percent increase in its net profit to Rs.651 crore for the second quarter of financial year 2010-11. The company�s net profit also increased to Rs.1,354 crore in first six months compared to the Rs.1,006 crore it reported in 2009.

Company Financials

ParticularsFor the year/period ended (in Rs. Crores)
31-Mar-1031-Mar-0931-Mar-0831-Mar-0731-Mar-0631-Mar-05
Total Income7,503.587,028.545,081.534,082.313,554.312,831.28
Profit After Tax (PAT)2,040.941,690.611,630.531,220.091,081.67785.52

Objects of the Issue (Power Grid FPO Objectives)

The Object of the issue are:
1. the disinvestment of 420,884,123 Equity Shares of Rs 10 each by the Selling Shareholder (Government of India).
2. to meet the capital requirements for the implementation of certain identified transmission projects (�Identified Projects�); and
3. general corporate purposes.


Power Grid FPO Subscription Status (Bidding Detail)

The Power Grid FPO is subscribed 14.88 times on November 12, 2010 9:00:00 PM. The public issue subscribed 3.85 times in the retail category, 18.52 times in the QIB category, and 28.86 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB18.52
NII28.86
Retail3.85
Employee1.11
Total14.88

Power Grid Corporation of India Ltd FPO Tags:

Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.

Power Grid FPO Prospectus

Power Grid FPO Rating

813
4.3
Rating:Rated 4.3 stars
Vote Here ...

Power Grid FPO Listing Details

Listing Date November 25, 2010
BSE Script Code 532898
NSE Symbol POWERGRID
ISIN INE752E01010
Final Issue Price ₹90 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹90.00
₹95.00
₹94.00
₹97.20
₹96.60
NSE
₹90.00
₹95.00
₹93.30
₹97.25
₹96.55

Check IPO Performance…

Power Grid Corporation of India Ltd Contact Details

Power Grid Corporation of India Ltd
�Saudamini�, Plot No.2, Sector 29,
Gurgaon 122 001,
Haryana, India
Phone: +91 (124) 2571 700
Email: investors@powergridindia.com
Website: http://www.powergridindia.com

Power Grid FPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: pgcil.fpo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Power Grid FPO FAQs

Power Grid FPO is a main-board FPO of 841,768,246 equity shares of the face value of ₹10 aggregating up to ₹7,442.34 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 65 Shares.

The FPO opens on November 9, 2010, and closes on November 12, 2010.

Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The Power Grid FPO opens on November 9, 2010 and closes on November 12, 2010.

Power Grid FPO lot size is 65 Shares, and the minimum amount required is ₹5,850.

You can apply in Power Grid FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Power Grid FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Grid FPO allotment status.

The Power Grid FPO listing date is on November 25, 2010.
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Power Grid FPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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1962 Comments

1962. syed mazhar |   Link |  Bookmark |December 27, 2010 1:31:13 PM
BY MARCH END WHAT COULD THE SHARE VALUE BE.
1961. RaMo |   Link |  Bookmark |December 18, 2010 4:28:19 AM
Sreedharji, whats 3 year target for Power grid?
1960. MANUBHAIIPO |   Link |  Bookmark |December 17, 2010 4:10:47 PM
Today i got my refund since long. This is only because of continue fallow up with karvy people at karvy office. Do accordingly.
1959. rukmani goyal |   Link |  Bookmark |December 13, 2010 5:22:23 PM
MY APPLICATION NO IS-36634838 TILL DATE REFUND NOT RECD.NO SATISFACTORY ANSWER BY KARVY PEOPLE.AT THIS COMPUTER AGE SUCH THINGS SHOULD NOT HAPPEN.I AM A SENIOR CITYZEN AND EXPECTS FROM KARVY AND THE COMPANY TO DO IT FASTER TO SEND MY CHEQUE.
1958. Mookesh patel vadodara |   Link |  Bookmark |December 13, 2010 10:02:42 AM
same thing happens to my friend applicstion for one lakh rs application. he has alloted nothing when in this catogary there is full allotment of 296 shares. when i have asi=king the reason they have sent mail that your applcation is not succeed in allotment. why---god knows--------no proper explation
1957. URENKUMAR SHAH |   Link |  Bookmark |December 11, 2010 6:17:05 PM
thanks chittorgarh for this best sites to talk with another same field people THANKS LOT 11/12/2010
1956. URENKUMAR SHAH |   Link |  Bookmark |December 11, 2010 6:15:16 PM
powergrid powerful power telecom transmission business covering 9 states in 2014 expected eps over 40 full covered ipo & fpo by fiis they loot it but not pricing properly i think it should be mini bhel price should be over 300 why low recemtly?any gentelmen can anser me
1955. Rishiv |   Link |  Bookmark |December 10, 2010 6:22:53 PM
Hello..

I have still not received the refund..

I tried to contact the Karvy people, but they are saying the same thing again and again that a cheque has been sent to you & you will receive it,
Now what should I do??
1954. outsider |   Link |  Bookmark |December 8, 2010 12:44:19 PM
i also not got refund till date,,,
1953. LCJ |   Link |  Bookmark |December 7, 2010 9:43:08 PM
Dear SMART IPO INVESTOR,

Even I have the same target and feel I will sell the same when the price touches 105-107
1952. Gurmeretsingh |   Link |  Bookmark |December 7, 2010 12:18:36 PM
Dear
FINALLY I GOT MY REFUND VIA REGISTERED POST IT WAS DUE TO MY NON SUBMIISION OF CORE BANKING ACCOUNT WITH ALLAHABAD BANK I URGE ALL FOURAM MEMBERS PLEASE UPDATE CBS ACCOUNT WITH YOUR DP WITH IFSC CODE AND MICR NO PLEASE CHECK YOUR NAME IN BANK ACCOUNT IS SAME AS PER IN YOUR DP LIKE GURMEET SINGH AND GURMEET SINGH AHUJA IS NOT SAME
1951. bishal kumar |   Link |  Bookmark |December 7, 2010 10:38:29 AM
didnt get my refund till now can anyone help me out
1950. A V |   Link |  Bookmark |December 7, 2010 9:25:44 AM
Sold 175 shares at Rs 100.10 ;
Didn't think twice when it touched my expected price of 100+.
1949. Smart IPO Investor |   Link |  Bookmark |December 6, 2010 10:22:19 PM
LCJ

I would say 102 - 105 for short term. if you stay long then may see 115.


1948. LCJ |   Link |  Bookmark |December 6, 2010 10:09:10 PM
What should be the target for selling the FPO shares ??
1947. Sreedhar |   Link |  Bookmark |December 6, 2010 1:04:28 PM (900+ Posts)
Gane,My message at 1201 pm was for powergrid
1946. REHAN PATEL |   Link |  Bookmark |December 3, 2010 9:21:09 PM
tgt.achived in powergrid.. i recom..at 95.00 level
1945. pcdave delhi |   Link |  Bookmark |December 3, 2010 4:20:24 PM
@ Deep kumar

yesterday I got refund for Power grid...but it was late..missed MOIL...
1944. Deep Kumar |   Link |  Bookmark |December 3, 2010 2:22:54 PM
Hi all,
This is for all the people who are waiting for Power Grid refund. I know its frustrating but have patience. I got my refund against Gravita India IPO (through cheque) today ( application date was 3rd Nov, refund cheque received on 3rd Dec).
Calling Karvy customer care will just annoy you as they have little information. So wait for some more days ... you will definitely receive it.
1943. Gane |   Link |  Bookmark |December 2, 2010 2:21:23 PM (400+ Posts)
powergrid @99 now. It may touch 100 tomorrow itself. Lets see.

Gane.