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

Nov 9, 2010 - Nov 12, 2010

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:

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.

Issue Detail:

  »»  Issue Open: Nov 9, 2010 - Nov 12, 2010
  »»  Issue Type: 100% Book Built Issue FPO
  »»  Issue Size: 841,768,246 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 7,442.34 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 85 - Rs. 90 Per Equity Share
  »»  Market Lot: 65 Shares
  »»  Minimum Order Quantity: 65 Shares
  »»  Listing At: BSE, NSE

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.

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQIBNIIRIIEmployeeTotal
Shares Offered / Reserved419,189,323125,756,797293,432,5263,389,600841,768,246
Day 1 - Nov 9, 2010 17:00 IST2.09000.09000.06000.02001.0800
Day 2 - Nov 10, 2010 17:00 IST7.03000.16000.24000.12003.6100
Day 3 - Nov 11, 2010 17:00 IST18.52001.63000.72000.37009.7200
Day 4 - Nov 12, 2010 21:00 IST18.520028.86003.85001.110014.8800

Power Grid FPO Prospectus

Power Grid FPO Rating

813
4.3
Rating:Rated 4.3 stars

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Power Grid FPO Listing Date

  •   ›  Listing Date: Thursday, November 25, 2010
  •   ›  BSE Script Code: 532898
  •   ›  NSE Symbol: POWERGRID
  •   ›  Listing In: A Group
  •   ›  Sector: Electric Utilities
  •   ›  ISIN: INE752E01010
  •   ›  Issue Price: Rs. 90.00 Per Equity Share
  •   ›  Face Value: Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 90.00
Open:Rs. 95.00
Low:Rs. 94.00
High:Rs. 97.20
Last Trade:Rs. 96.60
Volume:69,331,463
NSE
Rs. 90.00
Rs. 95.00
Rs. 93.30
Rs. 97.25
Rs. 96.55
167,134,095

Power Grid FPO News Alerts

  1. Wednesday, November 24, 2010 10:35:23 AM
    IPO Listing - Power Grid Corporation of India Ltd
  2. Tuesday, November 23, 2010 6:33:47 AM
    FPO Allotment - Power Grid Corporation of India Ltd
  3. Friday, November 12, 2010 2:15:19 PM
    Power Grid Corporation of India Ltd FPO Final Subscription
  4. Thursday, November 11, 2010 7:55:42 AM
    Power Grid FPO subscribed 9.72 times on its day 3
  5. Wednesday, November 10, 2010 8:11:57 AM
    Power Grid FPO subscribed 3.61 times on day 2
  6. Tuesday, November 9, 2010 6:29:37 AM
    Power Grid Corporation FPO subscribed 1.08 times on day 1
  7. Monday, November 8, 2010 5:21:43 AM
    Upcoming FPO - Power Grid Corporation of India Limited
  8. Thursday, October 21, 2010 9:38:15 AM
    Upcoming FPO - Power Grid Corporation of India Ltd

Company Contact Information

Power Grid Corporation of India Ltd
“Saudamini”, Plot No.2, Sector 29,
Gurgaon 122 001,
Haryana, India
Phone: +91 (124) 2571 700
Fax: +91 (124) 2571 848
Email: investors@powergridindia.com
Website: http://www.powergridindia.com

Power Grid FPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: pgcil.fpo@karvy.com
Website: http://karisma.karvy.com

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Power Grid FPO Review / Comments

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1970. syed mazhar  Dec 27, 2010 1:31:13 PM IST Reply
BY MARCH END WHAT COULD THE SHARE VALUE BE.
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1969. RaMo  Dec 18, 2010 4:28:19 AM IST Reply
Sreedharji, whats 3 year target for Power grid?
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1968. MANUBHAIIPO  Dec 17, 2010 4:10:47 PM IST Reply
Today i got my refund since long. This is only because of continue fallow up with karvy people at karvy office. Do accordingly.
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1967. rukmani goyal  Dec 13, 2010 5:22:23 PM IST Reply
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.
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1966. Mookesh patel vadodara  Dec 13, 2010 10:02:42 AM IST Reply
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
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1965. URENKUMAR SHAH  Dec 11, 2010 6:17:05 PM IST Reply
thanks chittorgarh for this best sites to talk with another same field people THANKS LOT 11/12/2010
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1964. URENKUMAR SHAH  Dec 11, 2010 6:15:16 PM IST Reply
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
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1963. Rishiv  Dec 10, 2010 6:22:53 PM IST Reply
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??
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1962. outsider  Dec 8, 2010 12:44:19 PM IST Reply
i also not got refund till date,,,
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1961. LCJ  Dec 7, 2010 9:43:08 PM IST Reply
Dear SMART IPO INVESTOR,

Even I have the same target and feel I will sell the same when the price touches 105-107
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1960. Gurmeretsingh  Dec 7, 2010 12:18:36 PM IST Reply
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
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1959. bishal kumar  Dec 7, 2010 10:38:29 AM IST Reply
didnt get my refund till now can anyone help me out
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1958. A V  Dec 7, 2010 9:25:44 AM IST Reply
Sold 175 shares at Rs 100.10 ;
Didn't think twice when it touched my expected price of 100+.
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1957. Smart IPO Investor  Dec 6, 2010 10:22:19 PM IST Reply
LCJ

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


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1956. LCJ  Dec 6, 2010 10:09:10 PM IST Reply
What should be the target for selling the FPO shares ??
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1955. Sreedhar  Dec 6, 2010 1:04:28 PM IST Reply
Gane,My message at 1201 pm was for powergrid
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1954. REHAN PATEL  Dec 3, 2010 9:21:09 PM IST Reply
tgt.achived in powergrid.. i recom..at 95.00 level
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1953. pcdave delhi  Dec 3, 2010 4:20:24 PM IST Reply
@ Deep kumar

yesterday I got refund for Power grid...but it was late..missed MOIL...
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1952. Deep Kumar  Dec 3, 2010 2:22:54 PM IST Reply
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.
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1951. Gane  Dec 2, 2010 2:21:23 PM IST Reply
powergrid @99 now. It may touch 100 tomorrow itself. Lets see.

Gane.






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