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Power Grid Corporation of India FPO (Power Grid FPO 2) Detail

December 3, 2013 - December 6, 2013

Power Grid FPO 2 is a book built issue of Rs 6,958.64 crores.

Power Grid FPO 2 bidding started from December 3, 2013 and ended on December 6, 2013. The shares got listed on BSE, NSE on December 19, 2013.

Power Grid FPO 2 price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 150 Shares. The minimum amount of investment required by retail investors is ₹13,500.

Citigroup Global Markets India Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited and Ubs Securities India Private Limited are the book running lead managers of the Power Grid FPO 2, while Kfin Technologies Limited is the registrar for the issue.

Refer to Power Grid FPO 2 RHP for detailed information.

Power Grid FPO 2 Details

IPO Date December 3, 2013 to December 6, 2013
Listing Date December 19, 2013
Face Value ₹10 per share
Price Band ₹85 to ₹90 per share
Lot Size 150 Shares
Total Issue Size787,053,309 shares
(aggregating up to ₹6,958.64 Cr)
Issue Type Book Built Issue FPO
Listing At BSE, NSE
Share holding pre issue4,629,725,353
Share holding post issue5,231,589,648

Power Grid FPO 2 Reservation

Power Grid FPO 2 offers 787,053,309 shares. 392,026,655 (49.81%) to QIB, 117,607,996 (14.94%) to NII, 274,418,658 (34.87%) to RII, 3,000,000 (0.38%) to employees. 1,829,457 RIIs will receive minimum 150 shares and (sNII) and (bNII) will receive minimum 2,250 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered392,026,655 (49.81%)NA
NII (HNI) Shares Offered117,607,996 (14.94%)
Retail Shares Offered274,418,658 (34.87%)1,829,457
Employee Shares Offered3,000,000 (0.38%)NA
Total Shares Offered787,053,309 (100%)

Power Grid FPO 2 Lot Size

Investors can bid for a minimum of 150 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 150 ₹13,500
Retail (Max) 14 2100 ₹189,000
Lot Size Calculator

Power Grid FPO 2 Promoter Holding

Share Holding Pre Issue 69.42%
Share Holding Post Issue 57.9%

About Power Grid Corporation of India

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.

Key Performance Indicator

Objects of the Issue (Power Grid FPO 2 Objectives)

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 Review (Apply)

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A good long term bet for all class of investors.

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Power Grid FPO 2 Subscription Status (Bidding Detail)

The Power Grid FPO 2 is subscribed 6.74 times on December 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)

CategorySubscription (times)

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 2 Prospectus

Power Grid FPO 2 Rating

Rating:Rated 4.2 stars
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Power Grid FPO 2 Listing Details

Listing Date December 19, 2013
BSE Script Code 532898
ISIN INE752E01010
Final Issue Price ₹86 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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Power Grid Corporation of India Contact Details

Power Grid Corporation of India
B-9, Qutab Institutional Area,
Katwaria Sarai,
New Delhi 110 016, India.
Phone: +91 (11) 2656 0112

Power Grid FPO 2 Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Power Grid FPO 2 FAQs

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 December 3, 2013, and closes on December 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 December 3, 2013 and closes on December 6, 2013.

Power Grid FPO 2 lot size is 150 Shares, and the minimum amount required is ₹13,500.

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, Nuvama, 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.

The Power Grid FPO 2 listing date is on December 19, 2013.
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Power Grid FPO 2 Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



227. vikas sahu |   Link |  Bookmark |March 4, 2014 4:21:35 PM
tell me about it
226. Vineeta Gupta |   Link |  Bookmark |January 5, 2014 6:56:22 AM
Hi I applied for 2100 shares of power grid by online CBI ASBA in the name of a family member, my application was rejected on technical grounds. I called up the Karvy customer service helpline and sent them an email. They said the reason was "APPLICATION WITH PAN MULTIPLE". That''s what was in the system, and they can''t do anything more, and the call centre person refused to let me talk to some manager.
I don''t understand, I submitted was ONLY ONE application with the correct PAN, and the PAN number matches with what is recorded with depository participant.
I checked online allotment status with the PAN, and it is showing details and allotment for some other person in Ahmedabad.
I have written to Karvy again, but not received any reply. Can some expert suggest what to do? Will complaining to SEBI help? Thanks, Vineeta
226.6. Vineeta Gupta |   Link |  Bookmark |January 8, 2014 4:14:05 PM
Thank you CLD, navfame, SONMAYA for your kind replies. Does any one have idea about the turnaround time of SEBI?
226.7. P Badala |   Link |  Bookmark |January 11, 2014 7:04:46 PM
It is adviseable that you send Email to SEBI along with Karvy and intimate To income tax authorities to check weather they have issued the subject PAN Number to Two persons once you know the answer,you can make out it is mistake by IT Depatement or some one is using freudently your PAN , second thing you may have entered your PAn correctly but there may be errer in uploading your detail though chances are remote. From income tax sight you can check the name of allottee of particular PAN.
225. AKBARI TANKAWALA |   Link |  Bookmark |January 1, 2014 3:30:24 PM
224. HARRY PANJABI |   Link |  Bookmark |December 23, 2013 6:25:53 PM
I have been allotted full what I applied for. It''s yet to be credited to my DEMAT Account. I would like to know if these could be sold immediately or there is some time we need to keep and then sell.
224.1. CLD |   Link |  Bookmark |December 23, 2013 9:16:23 PM
Top Contributor Top Contributor (500+ Posts, 100+ Likes)
You can sell on the day or there after when shares are credited into D,mat
223. SUMIT RATHI |   Link |  Bookmark |December 20, 2013 1:21:31 PM

223.1. karorpati SE lakhpati |   Link |  Bookmark |December 20, 2013 11:45:32 PM
check ur demat. if u have shares, u got it, if not u have not. also see ur refund
222. kaushik patel |   Link |  Bookmark |December 20, 2013 10:12:23 AM
221. santonu |   Link |  Bookmark |December 19, 2013 9:57:03 PM (200+ Posts)
Istead of OFS(Offer for sale) , stake sale should be done through FPO which gives chance to retail investor to earn something
220. SOMPRASH |   Link |  Bookmark |December 19, 2013 5:36:36 PM
Coal India FPO is deffered for now.But expect FPO of Indian Oil in January.Best wishes for another PROFIT.
219. DEEPAK SHANI |   Link |  Bookmark |December 19, 2013 4:26:48 PM
Where is Mr. M Gupta, who say looted and kooted.......
218. tigersher |   Link |  Bookmark |December 19, 2013 3:03:56 PM
Now which ipo is next ?
any info on COAL INDIA FPO ?
217. tigersher |   Link |  Bookmark |December 19, 2013 3:03:29 PM
made profit in IPO, after v long time.
Congrats to all
216. Siddharh Singh |   Link |  Bookmark |December 19, 2013 1:36:42 PM
People who had sold in futures market expecting price to fall to 90 levels are buying today. All people who had applied are making money as the IPO was subscribed heavily by brokers who have cornered most of the shares. Stock is expected to do well till FNO expiry due on 26 Dec
215. MONEY HI MONEY |   Link |  Bookmark |December 19, 2013 1:34:38 PM
Ankur why don t you by put of -Rs97.50 hovering around 40.paisa /45/paisa you will make lot of money if power grid goes to 95 Rs,
214. Siddharh Singh |   Link |  Bookmark |December 19, 2013 1:30:06 PM
Sold 1029 share @ 101. I think it will go to 102 today.
214.1. anonymoues |   Link |  Bookmark |December 19, 2013 2:41:53 PM
nai hua na 102? ab kal ke liye rakah he.kal bhi badh sakta he...
213. MONEY HI MONEY |   Link |  Bookmark |December 19, 2013 12:34:59 PM
look P GRID Crosses 100/ Rs mark sit tight,
212. MONEY HI MONEY |   Link |  Bookmark |December 19, 2013 12:09:15 PM
those who have not sold power grid fpo sh sit tight up to rs 115/ till Dec expiry,as i have not sold any shares,
212.1. Ankur Noida |   Link |  Bookmark |December 19, 2013 12:55:24 PM
Those who smiles when stock is going north cries when stock is heading south. Brother book profits in small lots as F&0 OI shows expiry to be near 95 levels and not 115 levels
211. mehpra |   Link |  Bookmark |December 19, 2013 10:00:49 AM
Anyone received refund (i mean for non-ASBA applications)?
211.2. karorpati SE lakhpati |   Link |  Bookmark |December 19, 2013 4:18:38 PM
So there some monekys in share market who do not used ASBA. little surprised
211.3. S.kumars |   Link |  Bookmark |December 19, 2013 5:28:23 PM
idbi bank unable to bid asba ,though me used asba in all good issue from idbi bank ,now planing to open new account at icici bank only due to asba,
210. KSK |   Link |  Bookmark |December 19, 2013 9:52:13 AM
209. VALUE INVESTOR |   Link |  Bookmark |December 19, 2013 9:00:31 AM (900+ Posts, 600+ Likes)
I applied though i had bad experience with SCI FPO, Got 763 shares and made a cool profit of 9300Rs after brokerage. Made my day today...after long time i made profit in primary market...
208. S.kumars |   Link |  Bookmark |December 19, 2013 8:53:49 AM
powergrid speciel dividend of rs.5/- next month,aam k aam ,guthaliyo k v daam ,great ,
208.1. friend |   Link |  Bookmark |December 19, 2013 1:57:36 PM
S Kumar,
from where did u get this info?