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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

Issue OpenNov 9, 2010 - Nov 12, 2010
Issue TypeBook Built Issue FPO
Issue Size841,768,246 Eq Shares of ₹10
(aggregating up to ₹7,442.34 Cr)
Face Value₹10 Per Equity Share
Issue Price₹85 to ₹90 Per Equity Share
Market Lot65 Shares
Min Order Quantity65 Shares
Listing AtBSE, NSE

Power Grid FPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum165₹5,850
Maximum342210₹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)

Power Grid FPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Total

Shares Offered

419,189,323

125,756,797

293,432,526

3,389,600

841,768,246

Nov 12, 2010 21:00

18.52x

28.86x

3.85x

1.11x

14.88x

Power Grid FPO Prospectus

Power Grid FPO Rating

813
4.3
Rating:Rated 4.3 stars

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Power Grid FPO Listing Date

Listing DateThursday, November 25, 2010
BSE Script Code532898
NSE SymbolPOWERGRID
Listing InA
ISININE752E01010
Issue Price₹90 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume
BSE
₹90.00
₹95.00
₹94.00
₹97.20
₹96.60
69,331,463
NSE
₹90.00
₹95.00
₹93.30
₹97.25
₹96.55
167,134,095

Power Grid FPO Reviews / Ratings

Nirmal Bang - Subscribe.
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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

Karvy Computershare Private Limited
   Karvy Registry House, 8-2-596, St. No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Email: pgcil.fpo@karvy.com
Website: https://karisma.karvy.com/

Power Grid FPO FAQs

  1. 1. What is Power Grid FPO?

    Power Grid FPO is a main-board initial public offering of 841,768,246 equity shares of the face value of ₹10 aggregating up to ₹7,442.34 Crores.

    The issue price of the IPO is ₹85 to ₹90 Per Equity Share. The minimum order quantity is 65 Shares per application and the offer type is Book Built Issue.

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

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Power Grid FPO will open?

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

  3. 3. How to apply for Power Grid FPO?

    Power Grid FPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.

  4. 4. When Power Grid FPO allotment?

    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.

  5. 5. When is Power Grid FPO listing date?

    The Power Grid FPO listing date is on Thursday, November 25, 2010, at BSE, NSE.
  6. 6. What is the lot size of Power Grid FPO?

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

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Power Grid FPO Review / Comments

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

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

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


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

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

Gane.



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