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

Dec 3, 2013 - Dec 6, 2013

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.

Objects of the Issue:

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 Details

IPO Opening Date Dec 3, 2013
IPO Closing Date Dec 6, 2013
Issue Type Book Built Issue FPO
Face Value ₹10 per equity share
IPO Price ₹85 to ₹90 per equity share
Market Lot 150 Shares
Min Order Quantity 150 Shares
Listing At BSE, NSE
Issue Size787,053,309 Eq Shares of ₹10
(aggregating up to ₹6,958.64 Cr)

Power Grid FPO 2 Lot Size

The Power Grid FPO 2 market 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 (Cut-off)
Minimum 1 150 ₹13,500
Maximum 14 2100 ₹189,000

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 Subscription Status (Bidding Detail)

The Power Grid FPO 2 is subscribed 6.74x times on Dec 6, 2013 17:00. The public issue subscribed 2.17x in the retail category, 9.09x in the QIB category, and 9.70x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription










Power Grid FPO 2 Prospectus

Power Grid FPO 2 Rating

Rating:Rated 4.2 stars
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Power Grid FPO 2 Listing Date

Listing Date Thursday, December 19, 2013
BSE Script Code 532898
Listing In A Group of Securities
ISIN INE752E01010
IPO Price ₹86 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

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

KFintech Private 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 equity share. The minimum order quantity is 150 Shares.

The FPO opens on Dec 3, 2013, and closes on Dec 6, 2013.

KFintech Private 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 150 Shares.

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.

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

Power Grid FPO 2 Message Board

Ranked Members  Ranked Members

227. vikas sahu |Mar 4, 2014 16:21
tell me about it
226. Vineeta Gupta |Jan 5, 2014 06:56
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 |Jan 8, 2014 16:14
Thank you CLD, navfame, SONMAYA for your kind replies. Does any one have idea about the turnaround time of SEBI?
226.7. P Badala |Jan 11, 2014 19:04
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 |Jan 1, 2014 15:30
224. HARRY PANJABI |Dec 23, 2013 18:25
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 |Dec 23, 2013 21:16
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
You can sell on the day or there after when shares are credited into D,mat
223. SUMIT RATHI |Dec 20, 2013 13:21

223.1. karorpati SE lakhpati |Dec 20, 2013 23:45
check ur demat. if u have shares, u got it, if not u have not. also see ur refund
222. kaushik patel |Dec 20, 2013 10:12
221. santonu |Dec 19, 2013 21:57
Top Contributor Top Contributor (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 |Dec 19, 2013 17:36
Coal India FPO is deffered for now.But expect FPO of Indian Oil in January.Best wishes for another PROFIT.
219. DEEPAK SHANI |Dec 19, 2013 16:26
Where is Mr. M Gupta, who say looted and kooted.......
218. tigersher |Dec 19, 2013 15:03
Now which ipo is next ?
any info on COAL INDIA FPO ?
217. tigersher |Dec 19, 2013 15:03
made profit in IPO, after v long time.
Congrats to all
216. Siddharh Singh |Dec 19, 2013 13:36
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 |Dec 19, 2013 13:34
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 |Dec 19, 2013 13:30
Sold 1029 share @ 101. I think it will go to 102 today.
214.1. anonymoues |Dec 19, 2013 14:41
nai hua na 102? ab kal ke liye rakah he.kal bhi badh sakta he...
213. MONEY HI MONEY |Dec 19, 2013 12:34
look P GRID Crosses 100/ Rs mark sit tight,
212. MONEY HI MONEY |Dec 19, 2013 12:09
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 |Dec 19, 2013 12:55
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 |Dec 19, 2013 10:00
Anyone received refund (i mean for non-ASBA applications)?
211.2. karorpati SE lakhpati |Dec 19, 2013 16:18
So there some monekys in share market who do not used ASBA. little surprised
211.3. S.kumars |Dec 19, 2013 17:28
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 |Dec 19, 2013 09:52
209. VALUE INVESTOR |Dec 19, 2013 09:00
IPO Mentor IPO Mentor (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 |Dec 19, 2013 08:53
powergrid speciel dividend of rs.5/- next month,aam k aam ,guthaliyo k v daam ,great ,
208.1. friend |Dec 19, 2013 13:57
S Kumar,
from where did u get this info?