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Power Grid Corporation of India Ltd. IPO (Power Grid IPO) Detail

September 10, 2007 - September 13, 2007

Power Grid IPO is a book built issue of Rs 2,984.45 crores.

Power Grid IPO bidding started from September 10, 2007 and ended on September 13, 2007. The shares got listed on BSE, NSE on October 5, 2007.

Power Grid IPO price band is set at ₹44 to ₹52 per share. The minimum lot size for an application is 125 Shares. The minimum amount of investment required by retail investors is ₹6,500.

Citigroup Global Markets India Private Limited, Axis Capital Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Power Grid IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Power Grid IPO RHP for detailed information.

Power Grid IPO Details

IPO Date September 10, 2007 to September 13, 2007
Listing Date October 5, 2007
Face Value ₹10 per share
Price Band ₹44 to ₹52 per share
Lot Size 125 Shares
Total Issue Size573,932,895 shares
(aggregating up to ₹2,984.45 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE
Share holding pre issue3,826,219,300
Share holding post issue4,208,841,230

Power Grid IPO Lot Size

Investors can bid for a minimum of 125 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) 1 125 ₹6,500
Retail (Max) 30 3750 ₹195,000
Lot Size Calculator

Power Grid IPO Promoter Holding

Share Holding Pre Issue 100%
Share Holding Post Issue 86.36%

About Power Grid Corporation of India Ltd.

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.

As of March 31, 2007 PGCIL owned and operated 59,461 circuit kilometers of electrical transmission lines and 104 electrical substations. In Fiscal 2006, PGCIL transmitted approximately 279 billion units of electricity, representing approximately 45% of all the power generated in India.

PGCIL is also into the consultancy business and has provided transmission-related consultancy services to more than 90 clients in over 200 domestic and international projects.

PGCIL is also into the telecommunications business and own and operate a fiber-optic cable network for telecom business in India. As on March 31, 2007 PGCIL has over 19,000 kilometers long fiber-optic cable network connecting over 60 Indian cities, including all major metropolitan areas.

PGCIL have been designated a Mini-Ratna Category-I public sector undertaking and in fiscal 2006, generated a total income of Rs. 35,543.14 million with profit after tax of Rs 9204.19 million. Transmission and transmission-related activities constituted 93.88% of total income, with the balance came from consulting and telecommunication businesses.

Key Performance Indicator

Objects of the Issue (Power Grid IPO Objectives)

The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital
1. For the implementation of certain identified transmission projects.


Power Grid IPO Subscription Status (Bidding Detail)

The Power Grid IPO is subscribed 64.82 times on September 13, 2007 5:00:00 PM. The public issue subscribed 6.77 times in the retail category, 115.90 times in the QIB category, and 40.34 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Power Grid IPO Prospectus

Power Grid IPO Rating

793
4.4
Rating:Rated 4.4 stars
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Power Grid IPO Listing Details

Listing Date October 5, 2007
BSE Script Code 532898
NSE Symbol POWERGRID
ISIN INE752E01010
Final Issue Price ₹52 per share

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

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹52.00
₹85.00
₹85.00
₹109.40
₹100.65
NSE
₹52.00
₹89.80
₹83.15
₹109.50
₹100.60

Check IPO Performance…

Power Grid Corporation of India Ltd. Contact Details

Power Grid Corporation of India Ltd.
B-9, Qutab Institutional Area,
Katwaria Sarai,
New Delhi 110016
Phone: +91 (11) 2656 0112
Email: investors@powergridindia.com
Website: http://www.powergridindia.com

Power Grid IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Power Grid IPO FAQs

Power Grid IPO is a main-board IPO of 573,932,895 equity shares of the face value of ₹10 aggregating up to ₹2,984.45 Crores. The issue is priced at ₹44 to ₹52 per share. The minimum order quantity is 125 Shares.

The IPO opens on September 10, 2007, and closes on September 13, 2007.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The Power Grid IPO opens on September 10, 2007 and closes on September 13, 2007.

Power Grid IPO lot size is 125 Shares, and the minimum amount required is ₹6,500.

You can apply in Power Grid IPO 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 IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Grid IPO allotment status.

The Power Grid IPO listing date is on October 5, 2007.
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Power Grid IPO Message Board

Ranked Members of Chittorgarh.com Forum  Ranked Members | Members with Most Likes

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2378 Comments

2378. New commer |   Link |  Bookmark |February 27, 2008 3:49:47 PM
Power Grid Corporation announces Q3 results
January 30, 2008

Power Grid Corporation of India Ltd has announced the following Unaudited results for the quarter ended December 31, 2007:

The Company has posted a profit after tax of Rs 3842.80 million for the quarter ended December 31, 2007 as compared to Rs 3372.70 million for the quarter ended December 31, 2006. Total Income has increased from Rs 10048.00 million for the quarter ended December 31, 2006 to Rs 11937.70 million for the quarter ended December 31, 2007.

The figures for the quarter ended December 31, 2006 are Audited

2377. New commer |   Link |  Bookmark |February 27, 2008 12:14:00 PM
Power Grid Corporation Board to consider interim dividend
February 22, 2008

Power Grid Corporation of India Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 05, 2008, inter alia, to consider, declaration of Interim Dividend for the Financial Year 2007-08.

Further the Company has informed that, March 11, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend, if declared

2376. New commer |   Link |  Bookmark |February 27, 2008 12:11:20 PM
FRIENDS,
POWER GRID CORPORATION IS GOING TO DECLARE INTERIM DIVIDEND ON 5TH MARPower Grid Corporation Board to consider interim dividend
February 22, 2008

Power Grid Corporation of India Ltd has informed that a meeting of the Board of Directors of the Company will be held on March 05, 2008, inter alia, to consider, declaration of Interim Dividend for the Financial Year 2007-08.

Further the Company has informed that, March 11, 2008 has been fixed as the Record Date for the purpose of payment of interim dividend, if declared

CH, 2008.
2375. sps |   Link |  Bookmark |February 11, 2008 1:07:49 PM

current prize is 99.00

i wait or buy these current level
2374. Vikram Singh |   Link |  Bookmark |February 9, 2008 10:35:44 AM
As per SP Tulsian...
Buying is advised in Powergrid at Rs.115 for short to medium term. Share has potential to cross Rs.125 mark very soon.
2373. sps |   Link |  Bookmark |February 9, 2008 10:28:11 AM
Please tell me the lower buy prize of power grid corporation






2372. madhu |   Link |  Bookmark |January 4, 2008 5:23:35 PM
Anybody can give me suggestion for buying shares with low price less than Rs.10
2371. CHAUHAN L.R. |   Link |  Bookmark |December 29, 2007 3:02:23 PM
TO 2364 and others.
EXPECT THIS PRICE OF 200 BY FEBRARY, 2008. ANYWAY PURCHASE AT PRESENT PRICE OF 142 AND WAIT. SABR KA FAL MITA HOTA HAI. POWER GRID WILL DEFINITELY PROVE TO BE A GEM OF YOUR PORTFOLOIO. SO HOLD.
2370. ANITA AGGARWAL |   Link |  Bookmark |December 12, 2007 1:35:15 PM
I have applied for IPO and Rs.26000 were debited to my account. Neither refund is received nor credited to my accout, please inform me e-mail address or address of Registry of the Power Grid Corporation to enable me to write for refund.
2369. rahul mangal |   Link |  Bookmark |November 24, 2007 12:09:25 AM
Power Grid Corporation - Updates



News Body:
Power Grid Corporation of India Ltd has informed BSE that the Company has entered into a Joint Venture on November 23, 2007 with Reliance Energy Ltd. The Shareholders' Agreement and other Agreements to this effect were signed between the Company and Reliance Energy Ltd / Joint Venture Company on November 23, 2007 at Delhi. The Joint Venture Company has in its scope execution of about 300 kms. Transmission Lines from Parbati to Koldam and Koldam to Ludhiana. The Company will have a 26% equity holding in the Joint Venture Company and Reliance Energy Ltd will have 74% equity holding.

The above lines are part of elements of the Transmission system associated with Generation Projects viz. Parbati-II HEP and Koldam HEP. NHPC is establishing 800MW Parbati-II HER and NTPC is establishing 800MW Koldam HEP in the state of Himachal Pradesh

2368. mahendra |   Link |  Bookmark |November 14, 2007 10:36:48 AM
when patni computer will cross 500+ ?
2367. New commer |   Link |  Bookmark |November 6, 2007 3:49:45 PM
PGCIL IS GETTING A VERY BIG CONTRACT OF POWER TRANSMISSION FROM GOVT.
2366. New commer |   Link |  Bookmark |November 6, 2007 2:51:42 PM
SKV,
HOLD PGCIL,TILL IT REACHES RS.300/- MARK. THERE IS NO RISK INVOLVED IN BUYING AT CURRENT PRICE.
2365. SKV |   Link |  Bookmark |November 6, 2007 2:47:04 PM
i have 286 shares at allotment price. should i sell or hold it? what should be the target for next three months? should it be purchased at current level also if one retains it for next six months ?
2364. RAHUL RESEARCH REPORTS |   Link |  Bookmark |November 2, 2007 1:48:50 AM
powergrid nov expiry sure shot is 175
by hook or crook

buy msp steel
as inside information is tere
ln mittal is taking interest in this company
sure shot 200 rs
2363. suresh |   Link |  Bookmark |October 31, 2007 7:54:05 AM
PGCIL seems good buy till 150. I expect it to go upto 200 in few months.
I have purchased more PGCIL stocks...
2362. Mohun |   Link |  Bookmark |October 30, 2007 9:32:17 PM
Hey Everybody.....

Powergrid hit its highest today...
The Target by Dec is 200
2361. RADHA |   Link |  Bookmark |October 26, 2007 12:23:55 PM
DEAR VIRU
THANKS FOR REPLY
2360. Dev |   Link |  Bookmark |October 26, 2007 8:31:08 AM
Reliance IPO will be in the price band of 70-90...

About power grid....!! it is facing some resistance at 140 levels... if it crosses 152 level den i feel it can go upto the levels of 175-180.... but power grid is good for long term.... with alll the political and financial uncertainity it is difficult to predict for short term...!! holding on for 1 year minimum will yeild good returns....
2359. Rajiv |   Link |  Bookmark |October 25, 2007 9:54:46 PM
Reliance power limited ka IPO Issue Prize Rs ?
50-55 ?
76-86 ?
plz help
$ power gird next target two month
Rajiv