Power Grid Corporation of India Ltd. IPO Message Board (Page 117)

The Power Secretary, Mr Anil Razdan (right), with the PowerGrid Managing Director, Dr R. P. Singh, at a press conference announcing the company’s IPO in Mumbai on Tuesday: (Source Business Line)
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Power Grid Corporation of India Ltd (PGCIL), leading public sector transmission company, will launch its IPO from September 10 to raise nearly Rs 3,000 crore to part-finance its transmission projects. The price band for the issue has been fixed between Rs 44 and Rs 52 per equity share. The issue closes on September 13.

The IPO hits the market with 57,39,32,895 equity shares of Rs 10 each. The issue constitutes 13.64 per cent of the fully diluted post-issue capital of the company.

The proceeds would be used to part-finance 15 projects that entail a total investment of Rs 12,280 crore.

Debt-equity ratio
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Dr R.P. Singh, Chairman and Managing Director of PGCIL, said the projects are to be funded in a debt-equity ratio of 70:30. The equity is to be funded by a combination of internal accruals and proceeds from the fresh issue.

The company owns and operates 61,875 circuit km of transmission lines. The proposed 15 projects would enhance its transmission system by 13,022 circuit km, he said.

Investment
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Dr Singh said the company plans to invest Rs 55,000 crore over the next five years for transmission and telecommunications projects. The company was very bullish on power transmission consultancy services, which has a good market in India and overseas, he said.

gr8 ipo.......just go for it.......

it will get subscribed more than 50 times

gr8 ipo juss go for it

what is possible to get allotment of the shares.

can any one tell about the future of this PSU as govt is planning to involve private sector in power transmission.

this stock is definitely wiil not provide any listing gain. I am only intrested in long term prospect of the PGCIL.
If possible give links from we can have openion of market.

hello all

kaveri seed company

issue going to be open on 6th of september.......

it is good but face vallu & issu prise these are are same why?

it's worth taking.Even better than rnrl.in iong run it will given very good return.

Pl give me advice can I apply for Power Grid ?

How much is the chance to get allotment?

Hi,
everyone this is my first posting in this site,
i personally fill please fill this ipo it will give good return more than your expecatation

it is a profitable IPO,apply as much you can

aply power grid ipo yes or no ,please give suggestions

IPO opens on 10 th Sept & closes on 13th

Dear Mukesh,

Investment in Ipo is never rebatable in 80 C. Pl. correct your knowlwdge.

Powergrid has monopoly in Transmission business. Certain growth in long term. Company will never go for loss as per CERC tariff mechanism. A Must taken IPO.

Powergrid an excellent IPO. go 4 it positively. more than 40% up listing gain

CRISIL has given excellent rating for pgcl ipo. returns will be doubled in 3 months. even listing gain will be more than 40%. njoy the fruits.

Hi All,
I am new to investing and i have icicidirect demat account, will this ipo be available on icicidirect or other brokerage firms and also tell me how much shares to apply to get decent allotment of shares.

Thanks in advance.