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Power Grid IPO is a book built issue of Rs 2,984.45 crores.
Power Grid IPO bidding started from September 10, 2007 and ended on September 13, 2007. The shares got listed on BSE, NSE on October 5, 2007.
Power Grid IPO price band is set at ₹44 to ₹52 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹6,500.
Citigroup Global Markets India Private Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Power Grid IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Power Grid IPO RHP for detailed information.
| IPO Date | September 10, 2007 to September 13, 2007 |
| Listing Date | October 5, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹44 to ₹52 per share |
| Lot Size | 125 Shares |
| Total Issue Size | 573,932,895 shares (aggregating up to ₹2,984.45 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Investors can bid for a minimum of 125 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 | 125 | ₹6,500 |
| Retail (Max) | 30 | 3750 | ₹195,000 |
| Lot Size Calculator | |||
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.
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.
The Power Grid IPO is subscribed 64.82 times on September 13, 2007 5:00:00 PM. The public issue subscribed 6.77 times in the retail category, 115.90 times in the QIB category, and 40.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|
| Listing Date | October 5, 2007 |
| BSE Script Code | 532898 |
| NSE Symbol | POWERGRID |
| ISIN | INE752E01010 |
| Final Issue Price | ₹52 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹52.00 |
| ₹85.00 |
| ₹85.00 |
| ₹109.40 |
| ₹100.65 |
| NSE |
|---|
| ₹52.00 |
| ₹89.80 |
| ₹83.15 |
| ₹109.50 |
| ₹100.60 |
Power Grid Corporation of India Ltd.
B-9, Qutab Institutional Area,
Katwaria Sarai,
New Delhi 110016
Phone: +91 (11) 2656 0112
Email: investors@powergridindia.com
Website: http://www.powergridindia.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Power Grid IPO is a main-board IPO of 573,932,895 equity shares of the face value of ₹10 aggregating up to ₹2,984.45 Crores. The issue is priced at ₹44 to ₹52 per share. The minimum order quantity is 125 Shares.
The IPO opens on September 10, 2007, and closes on September 13, 2007.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Power Grid IPO opens on September 10, 2007 and closes on September 13, 2007.
Power Grid IPO lot size is 125 Shares, and the minimum amount required is ₹6,500.
You can apply in Power Grid IPO 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 IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Grid IPO allotment status.
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RHP
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