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Track all the latest updates and news of Power Grid IPO.
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Published by : Reuters on MSNPower Grid Corporation of India Limited IPO listing info:
IPO Listing Date: Friday, October 5, 2007
BSE Script Code: 532898
NSE Symbol: POWERGRID
Listing in: A Group of Securities
ISIN: INE752E01010
Issue Price: Rs 52/- Per Equity Share
Face Value : Rs 10/- Per Equity Share
IPO Allotment Status is now available online for Power Grid Corporation of India Limited.
Power Grid Corporation of India Limited IPO was closed on September 13, 2007 and was oversubscribed by around 64.82 times (retail 6.7678 times).
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 (PGCIL) is entering the capital markets with an initial public offering, IPO of 573,932,895 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 44/- at lower level and Rs 52/- at upper level for equity share of Rs 10. The issue opens on Sept 10, 2007, and closes for subscription on Sept 13, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
The Power Grid IPO is proposed to open on September 10, 2007. The IPO application ends on September 13, 2007.
Retail investors can apply in the retail or non-institutional investor category from September 10, 2007 to September 13, 2007. The Power Grid IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Power Grid IPO will open for subscription on September 10, 2007. The public issue will close on September 13, 2007.
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