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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.
They are India's principal electric power transmission company. As on September 30, 2013 they owned and operated more than 90% of India’s ISTS which, inter-alia, includes interregional transmission links. They owned and operated 102,109 circuit kilometers of electrical transmission lines and 172 substations with a total transformation capacity of 172,378 MVA.
The object of the issue are to:
1. Carry out the disinvestment of 185,189,014 Equity Shares of 10 each by the Selling Shareholder.
2. Meet the capital requirements for the implementation of certain identified transmission projects ("Identified Projects"); and
3. General corporate purposes.
| Power Grid FPO 2 Date | Dec 3, 2013 to Dec 6, 2013 |
| Power Grid FPO 2 Face Value | ₹10 per share |
| Power Grid FPO 2 Price | ₹85 to ₹90 per share |
| Power Grid FPO 2 Lot Size | 150 Shares |
| Issue Size | 787,053,309 shares of ₹10 (aggregating up to ₹6,958.64 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
The Power Grid FPO 2 lot size is 150 shares. A retail-individual investor can apply for up to 14 lots (2100 shares or ₹189,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 150 | ₹13,500 |
| Maximum | 14 | 2100 | ₹189,000 |
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 2 Recommendation by Members Power Grid FPO 2 Recommendations Details | Post Recommendation | Manage Recommendations
| Subscribe | Neutral | Avoid |
|---|---|---|
| 0 | 0 | 0 |
No Record Found.
The Power Grid FPO 2 is subscribed 6.74 times on Dec 6, 2013 5:00:00 PM. The public issue subscribed 2.17 times in the retail category, 9.09 times in the QIB category, and 9.70 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 9.09 |
| NII | 9.70 |
| Retail | 2.17 |
| Employee | 1.31 |
| Total | 6.74 |
| Listing Date | Thursday, December 19, 2013 |
| BSE Script Code | 532898 |
| NSE Symbol | POWERGRID |
| Listing In | A Group of Securities |
| ISIN | INE752E01010 |
| IPO Price | ₹86 per share |
| Face Value | ₹10 per share |
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Power Grid Corporation of India
B-9, Qutab Institutional Area,
Katwaria Sarai,
New Delhi 110 016, India.
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://karisma.kfintech.com/
Lead Manager Reports
Power Grid FPO 2 is a main-board FPO of 787,053,309 equity shares of the face value of ₹10 aggregating up to ₹6,958.64 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 150 Shares.
The FPO opens on Dec 3, 2013, and closes on Dec 6, 2013.
KFin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
The Power Grid FPO 2 opens on Dec 3, 2013 and closes on Dec 6, 2013.
Power Grid FPO 2 lot size is 150 Shares and the minimum order quantity is .
You can apply in Power Grid FPO 2 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 2 will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Grid FPO 2 allotment status.
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