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.
| Issue Open | Dec 3, 2013 - Dec 6, 2013 |
| Issue Type | Book Built Issue FPO |
| Issue Size | 787,053,309 Eq Shares of ₹10 (aggregating up to ₹6,958.64 Cr) |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹85 - ₹90 Per Equity Share |
| Market Lot | 150 Shares |
| Min Order Quantity | 150 Shares |
| Listing At | BSE, NSE |
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| 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.
No. of Times Issue Subscribed (BSE + NSE) | |||||
|---|---|---|---|---|---|
As on Date & Time | QIB | NII | RII | Employee | Total |
Shares Offered | 392,026,655 | 117,607,996 | 274,418,658 | 3,000,000 | 787,053,309 |
Dec 6, 2013 17:00 | 9.09x | 9.70x | 2.17x | 1.31x | 6.74x |
| Listing Date | Thursday, December 19, 2013 |
| BSE Script Code | 532898 |
| NSE Symbol | POWERGRID |
| Listing In | A |
| ISIN | INE752E01010 |
| Issue Price | ₹86 Per Equity Share |
| Face Value | ₹10 Per Equity 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
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: einward.ris@karvy.com
Website: https://karisma.karvy.com/
Power Grid FPO 2 is an main-board initial public offering of 787,053,309 equity shares of the face value of ₹10 aggregating up to ₹6,958.64 Crores.
The issue price of the IPO is ₹85 - ₹90 Per Equity Share. The minimum order quantity is 150 Shares per application and the offer type is Book Built Issue.
The IPO opens on Dec 3, 2013 and closes on Dec 6, 2013.
Karvy Computershare Private Limited is the registrar for the IPO. 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 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.
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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