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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.

Power Grid FPO Details

IPO Opening Date Nov 9, 2010
IPO Closing Date Nov 12, 2010
Issue Type Book Built Issue FPO
Face Value ₹10 per equity share
IPO Price ₹85 to ₹90 per equity share
Market Lot 65 Shares
Min Order Quantity 65 Shares
Listing At BSE, NSE
Issue Size841,768,246 Eq Shares of ₹10
(aggregating up to ₹7,442.34 Cr)

Power Grid FPO Lot Size

The Power Grid FPO market lot size is 65 shares. A retail-individual investor can apply for up to 34 lots (2210 shares or ₹198,900).

Application Lots Shares Amount (Cut-off)
Minimum 1 65 ₹5,850
Maximum 34 2210 ₹198,900

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.

Power Grid FPO Subscription Status (Bidding Detail)

The Power Grid FPO is subscribed 14.88 times on Nov 12, 2010 21:00. The public issue subscribed 3.85 in the retail category, 18.52 in the QIB category, and 28.86 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB

18.52

NII

28.86

RII

3.85

Employee

1.11

Total

14.88

Power Grid FPO Prospectus

Power Grid FPO Rating

813
4.3
Rating:Rated 4.3 stars
Vote Here ...

Power Grid FPO Listing Date

Listing Date Thursday, November 25, 2010
BSE Script Code 532898
NSE Symbol POWERGRID
Listing In A Group of Securities
ISIN INE752E01010
IPO Price ₹90 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹90.00
₹95.00
₹94.00
₹97.20
₹96.60
NSE
₹90.00
₹95.00
₹93.30
₹97.25
₹96.55

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
Email: investors@powergridindia.com
Website: http://www.powergridindia.com

Power Grid FPO Registrar

KFintech Private Limited

Phone: 04067162222, 04079611000
Email: pgcil.fpo@karvy.com
Website: https://karisma.kfintech.com/

Power Grid FPO Reviews / Ratings

  • ABM Equity Research Ltd - Apply
  • Motilal Oswal - Apply
  • Nirmal Bang - Apply
  • Pioneer Investcorp Ltd. (PINC) - Apply

Power Grid FPO FAQs

Power Grid FPO is a main-board FPO of 841,768,246 equity shares of the face value of ₹10 aggregating up to ₹7,442.34 Crores. The issue is priced at ₹85 to ₹90 per equity share. The minimum order quantity is 65 Shares.

The FPO opens on Nov 9, 2010, and closes on Nov 12, 2010.

KFintech Private Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.

The Power Grid FPO opens on Nov 9, 2010 and closes on Nov 12, 2010.

Power Grid FPO lot size is 65 Shares and the minimum order quantity is 65 Shares.

You can apply in Power Grid FPO 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Power Grid FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Grid FPO allotment status.

The Power Grid FPO listing date is on Thursday, November 25, 2010.

Power Grid FPO Message Board

Ranked Members  Ranked Members

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1963. syed mazhar |Dec 27, 2010 13:31
BY MARCH END WHAT COULD THE SHARE VALUE BE.
1962. RaMo |Dec 18, 2010 04:28
Sreedharji, whats 3 year target for Power grid?
1961. MANUBHAIIPO |Dec 17, 2010 16:10
Today i got my refund since long. This is only because of continue fallow up with karvy people at karvy office. Do accordingly.
1960. rukmani goyal |Dec 13, 2010 17:22
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.
1959. Mookesh patel vadodara |Dec 13, 2010 10:02
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
1958. URENKUMAR SHAH |Dec 11, 2010 18:17
thanks chittorgarh for this best sites to talk with another same field people THANKS LOT 11/12/2010
1957. URENKUMAR SHAH |Dec 11, 2010 18:15
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
1956. Rishiv |Dec 10, 2010 18:22
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??
1955. outsider |Dec 8, 2010 12:44
i also not got refund till date,,,
1954. LCJ |Dec 7, 2010 21:43
Dear SMART IPO INVESTOR,

Even I have the same target and feel I will sell the same when the price touches 105-107
1953. Gurmeretsingh |Dec 7, 2010 12:18
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
1952. bishal kumar |Dec 7, 2010 10:38
didnt get my refund till now can anyone help me out
1951. A V |Dec 7, 2010 09:25
Sold 175 shares at Rs 100.10 ;
Didn't think twice when it touched my expected price of 100+.
1950. Smart IPO Investor |Dec 6, 2010 22:22
LCJ

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


1949. LCJ |Dec 6, 2010 22:09
What should be the target for selling the FPO shares ??
1948. Sreedhar |Dec 6, 2010 13:04
IPO Mentor IPO Mentor (900+ Posts)
Gane,My message at 1201 pm was for powergrid
1947. REHAN PATEL |Dec 3, 2010 21:21
tgt.achived in powergrid.. i recom..at 95.00 level
1946. pcdave delhi |Dec 3, 2010 16:20
@ Deep kumar

yesterday I got refund for Power grid...but it was late..missed MOIL...
1945. Deep Kumar |Dec 3, 2010 14:22
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.
1944. Gane |Dec 2, 2010 14:21
Top Contributor Top Contributor (400+ Posts)
powergrid @99 now. It may touch 100 tomorrow itself. Lets see.

Gane.