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Power Grid Corporation of India Ltd. IPO (Power Grid IPO) Detail

Sep 10, 2007 - Sep 13, 2007        
  
   

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.

As of March 31, 2007 PGCIL owned and operated 59,461 circuit kilometers of electrical transmission lines and 104 electrical substations. In Fiscal 2006, PGCIL transmitted approximately 279 billion units of electricity, representing approximately 45% of all the power generated in India.

PGCIL is also into the consultancy business and has provided transmission-related consultancy services to more than 90 clients in over 200 domestic and international projects.

PGCIL is also into the telecommunications business and own and operate a fiber-optic cable network for telecom business in India. As on March 31, 2007 PGCIL has over 19,000 kilometers long fiber-optic cable network connecting over 60 Indian cities, including all major metropolitan areas.

PGCIL have been designated a Mini-Ratna Category-I public sector undertaking and in fiscal 2006, generated a total income of Rs. 35,543.14 million with profit after tax of Rs 9204.19 million. Transmission and transmission-related activities constituted 93.88% of total income, with the balance came from consulting and telecommunication businesses.

Objects of the Issue:

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. For the implementation of certain identified transmission projects.

Issue Detail:

  »»  Issue Open: Sep 10, 2007 - Sep 13, 2007
  »»  Issue Type: 100% Book Built Issue IPO
  »»  Issue Size: 573,932,895 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 2,984.45 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 44 - Rs. 52 Per Equity Share
  »»  Market Lot: 125 Shares
  »»  Minimum Order Quantity: 125 Shares
  »»  Listing At: BSE, NSE

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved
 Day 1 - Sep 10, 2007 17:00 IST 2.1337 0.0198 0.1023 0.0029 1.0800 
 Day 2 - Sep 11, 2007 17:00 IST 4.6383 0.1731 0.4098 0.1580 2.4300 
 Day 3 - Sep 12, 2007 17:00 IST 18.4192 0.4895 1.0748 0.6771 9.4400 
 Day 4 - Sep 13, 2007 17:00 IST 115.9031 40.3413 6.7678 2.6571 64.8200 

Power Grid IPO News Alerts

  1. Monday, October 1, 2007 7:32:00 AM
    Power Grid Corporation of India Limited IPO Listing
  2. Wednesday, September 26, 2007 3:42:00 PM
    Power Grid Corporation of India Limited IPO Allotment
  3. Friday, August 24, 2007 10:43:00 AM
    Power Grid Corporation of India Ltd IPO Opening on Sept 10

Power Grid IPO Rating

   Rating: 4.4
793
4.4
Rating:Rated 4.4 stars

Vote Here ...

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Power Grid IPO Listing Date

Listing Date:Friday, October 5, 2007
BSE Scrip Code:532898
NSE Symbol:POWERGRID
Listing In:A Group
Sector:Power
ISIN:INE752E01010
Issue Price:Rs. 52.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 52.00
Open:Rs. 85.00
Low:Rs. 85.00
High:Rs. 109.40
Last Trade:Rs. 100.65
Volume:99,734,204
NSE
Rs. 52.00
Rs. 89.80
Rs. 83.15
Rs. 109.50
Rs. 100.60
481,058,927

Power Grid IPO Prospectus

Company Contact Information

Registered Office :
    B-9, Qutab Institutional Area,
    Katwaria Sarai,
    New Delhi 110016
Phone: +91 (11) 2656 0112
Fax: +91 (11) 2656 4849
Email: investors@powergridindia.com
Website: http://www.powergridindia.com

Power Grid IPO 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: einward.ris@karvy.com
Website: http://karisma.karvy.com


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Power Grid IPO Messages (Power Grid IPO Comments)

  Post New Message ...  

2379. New commer  Feb 27, 2008 3:49:47 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
New commer's - IPO Comments

Power Grid Corporation announces Q3 results
January 30, 2008

Power Grid Corporation of India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 3842.80 million for the quarter ended December 31, 2007 as compared to Rs 3372.70 million for the quarter ended December 31, 2006. Total Income has increased from Rs 10048.00 million for the quarter ended December 31, 2006 to Rs 11937.70 million for the quarter ended December 31, 2007.

The figures for the quarter ended December 31, 2006 are Audited

 

2378. New commer  Feb 27, 2008 12:14:00 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
New commer's - IPO Comments

Power Grid Corporation Board to consider interim dividend
February 22, 2008

Power Grid Corporation of India Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 05, 2008, inter alia, to consider, declaration of Interim Dividend for the Financial Year 2007-08.

Further the Company has informed that, March 11, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend, if declared

 

2377. New commer  Feb 27, 2008 12:11:20 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
New commer's - IPO Comments

FRIENDS,
POWER GRID CORPORATION IS GOING TO DECLARE INTERIM DIVIDEND ON 5TH MARPower Grid Corporation Board to consider interim dividend
February 22, 2008

Power Grid Corporation of India Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 05, 2008, inter alia, to consider, declaration of Interim Dividend for the Financial Year 2007-08.

Further the Company has informed that, March 11, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend, if declared

CH, 2008.

 

2376. sps  Feb 11, 2008 1:07:49 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sps's - IPO Comments


current prize is 99.00

i wait or buy these current level

 

2375. Vikram Singh  Feb 9, 2008 10:35:44 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Vikram Singh's - IPO Comments

As per SP Tulsian...
Buying is advised in Powergrid at Rs.115 for short to medium term. Share has potential to cross Rs.125 mark very soon.

 

2374. sps  Feb 9, 2008 10:28:11 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sps's - IPO Comments

Please tell me the lower buy prize of power grid corporation






 

2373. madhu  Jan 4, 2008 5:23:35 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
madhu's - IPO Comments

Anybody can give me suggestion for buying shares with low price less than Rs.10

 

2372. CHAUHAN L.R.  Dec 29, 2007 3:02:23 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
CHAUHAN L.R.'s - IPO Comments

TO 2364 and others.
EXPECT THIS PRICE OF 200 BY FEBRARY, 2008. ANYWAY PURCHASE AT PRESENT PRICE OF 142 AND WAIT. SABR KA FAL MITA HOTA HAI. POWER GRID WILL DEFINITELY PROVE TO BE A GEM OF YOUR PORTFOLOIO. SO HOLD.

 

2371. ANITA AGGARWAL  Dec 12, 2007 1:35:15 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ANITA AGGARWAL's - IPO Comments

I have applied for IPO and Rs.26000 were debited to my account. Neither refund is received nor credited to my accout, please inform me e-mail address or address of Registry of the Power Grid Corporation to enable me to write for refund.

 

2370. rahul mangal  Nov 24, 2007 12:09:25 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rahul mangal's - IPO Comments

Power Grid Corporation - Updates



News Body:
Power Grid Corporation of India Ltd has informed BSE that the Company has entered into a Joint Venture on November 23, 2007 with Reliance Energy Ltd. The Shareholders' Agreement and other Agreements to this effect were signed between the Company and Reliance Energy Ltd / Joint Venture Company on November 23, 2007 at Delhi. The Joint Venture Company has in its scope execution of about 300 kms. Transmission Lines from Parbati to Koldam and Koldam to Ludhiana. The Company will have a 26% equity holding in the Joint Venture Company and Reliance Energy Ltd will have 74% equity holding.

The above lines are part of elements of the Transmission system associated with Generation Projects viz. Parbati-II HEP and Koldam HEP. NHPC is establishing 800MW Parbati-II HER and NTPC is establishing 800MW Koldam HEP in the state of Himachal Pradesh

 

2369. mahendra  Nov 14, 2007 10:36:48 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
mahendra's - IPO Comments

when patni computer will cross 500+ ?

 

2368. New commer  Nov 6, 2007 3:49:45 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
New commer's - IPO Comments

PGCIL IS GETTING A VERY BIG CONTRACT OF POWER TRANSMISSION FROM GOVT.

 

2367. New commer  Nov 6, 2007 2:51:42 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
New commer's - IPO Comments

SKV,
HOLD PGCIL,TILL IT REACHES RS.300/- MARK. THERE IS NO RISK INVOLVED IN BUYING AT CURRENT PRICE.

 

2366. SKV  Nov 6, 2007 2:47:04 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SKV's - IPO Comments

i have 286 shares at allotment price. should i sell or hold it? what should be the target for next three months? should it be purchased at current level also if one retains it for next six months ?

 

2365. RAHUL RESEARCH REPORTS  Nov 2, 2007 1:48:50 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RAHUL RESEARCH REPORTS's - IPO Comments

powergrid nov expiry sure shot is 175
by hook or crook

buy msp steel
as inside information is tere
ln mittal is taking interest in this company
sure shot 200 rs

 

2364. suresh  Oct 31, 2007 7:54:05 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
suresh's - IPO Comments

PGCIL seems good buy till 150. I expect it to go upto 200 in few months.
I have purchased more PGCIL stocks...

 

2363. Mohun  Oct 30, 2007 9:32:17 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Mohun's - IPO Comments

Hey Everybody.....

Powergrid hit its highest today...
The Target by Dec is 200

 

2362. RADHA  Oct 26, 2007 12:23:55 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
RADHA's - IPO Comments

DEAR VIRU
THANKS FOR REPLY

 

2361. Dev  Oct 26, 2007 8:31:08 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Dev's - IPO Comments

Reliance IPO will be in the price band of 70-90...

About power grid....!! it is facing some resistance at 140 levels... if it crosses 152 level den i feel it can go upto the levels of 175-180.... but power grid is good for long term.... with alll the political and financial uncertainity it is difficult to predict for short term...!! holding on for 1 year minimum will yeild good returns....

 

2360. Rajiv  Oct 25, 2007 9:54:46 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Rajiv's - IPO Comments

Reliance power limited ka IPO Issue Prize Rs ?
50-55 ?
76-86 ?
plz help
$ power gird next target two month
Rajiv

 

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