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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.
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 Size | 787,053,309 shares (aggregating up to ₹6,958.64 Cr) |
Issue Type | Book Built Issue FPO |
Listing At | BSE, NSE |
Share holding pre issue | 4,629,725,353 |
Share holding post issue | 5,231,589,648 |
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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 392,026,655 (49.81%) | NA |
NII (HNI) Shares Offered | 117,607,996 (14.94%) | |
Retail Shares Offered | 274,418,658 (34.87%) | 1,829,457 |
Employee Shares Offered | 3,000,000 (0.38%) | NA |
Total Shares Offered | 787,053,309 (100%) |
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 |
Share Holding Pre Issue | 69.42% |
Share Holding Post Issue | 57.9% |
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.
KPI | Values |
---|---|
RoNW | 16.15% |
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.
[Dilip Davda]
A good long term bet for all class of investors.
Read detail review...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)
Category | Subscription (times) |
---|---|
QIB | 9.09 |
NII | 9.70 |
Retail | 2.17 |
Employee | 1.31 |
Total | 6.74 |
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.
Listing Date | December 19, 2013 |
BSE Script Code | 532898 |
NSE Symbol | POWERGRID |
ISIN | INE752E01010 |
Final Issue Price | ₹86 per share |
Price Details |
---|
Final Issue Price |
Open |
Low |
High |
Last Trade |
BSE |
---|
₹85.50 |
₹97.10 |
₹96.15 |
₹101.00 |
₹99.25 |
NSE |
---|
₹85.50 |
₹97.50 |
₹96.25 |
₹101.00 |
₹99.25 |
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://kosmic.kfintech.com/ipostatus/
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 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.
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