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

Sep 10, 2007 - Sep 13, 2007

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.

Objects of the Issue:

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 Details

IPO DateSep 10, 2007 - Sep 13, 2007
Issue TypeBook Built Issue IPO
Issue Size573,932,895 Eq Shares of ₹10
(aggregating up to ₹2,984.45 Cr)
Face Value₹10 Per Equity Share
IPO Price₹44 to ₹52 Per Equity Share
Market Lot125 Shares
Min Order Quantity125 Shares
Listing AtBSE, NSE

Power Grid IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum1125₹6,500
Maximum303750₹195,000

Power Grid IPO Subscription Status (Bidding Detail)

Power Grid IPO how much subscribed?

No. of Times Issue Subscribed (BSE + NSE)

As on Date & Time

QIB

NII

RII

Employee

Others

Total

Shares Offered

-

-

-

-

-

-

Sep 13, 2007 17:00

115.90x

40.34x

6.77x

2.66x

64.82x

Power Grid IPO Prospectus

Power Grid IPO Rating

793
4.4
Rating:Rated 4.4 stars

Vote Here ...

Power Grid IPO Listing Date

Listing DateFriday, October 5, 2007
BSE Script Code532898
NSE SymbolPOWERGRID
Listing InA
ISININE752E01010
IPO Price₹52 Per Equity Share
Face Value₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹52.00
₹85.00
₹85.00
₹109.40
₹100.65
99,734,204
NSE
₹52.00
₹89.80
₹83.15
₹109.50
₹100.60
481,058,927

Power Grid IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

Company Contact Information

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

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 IPO FAQs

  1. 1. What is Power Grid IPO?

    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 price of the IPO is ₹44 to ₹52 Per Equity Share. The minimum order quantity is 125 Shares per application and the offer type is Book Built Issue.

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

    Karvy Computershare Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

  2. 2. When Power Grid IPO will open?

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

  3. 3. How to apply for Power Grid IPO?

    Power Grid IPO 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.

  4. 4. When Power Grid IPO allotment?

    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.

  5. 5. When is Power Grid IPO listing date?

    The Power Grid IPO listing date is on Friday, October 5, 2007, at BSE, NSE.
  6. 6. What is the lot size of Power Grid IPO?

    Power Grid IPO lot size is 125 Shares and the minimum order quantity is 125 Shares.

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Power Grid IPO Review / Comments

New commer
2378. New commer  Feb 27, 2008 15:49
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

New commer
2377. New commer  Feb 27, 2008 12:14
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

New commer
2376. New commer  Feb 27, 2008 12:11
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.
sps
2375. sps  Feb 11, 2008 13:07

current prize is 99.00

i wait or buy these current level
Vikram Singh
2374. Vikram Singh  Feb 9, 2008 10:35
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.
sps
2373. sps  Feb 9, 2008 10:28
Please tell me the lower buy prize of power grid corporation






madhu
2372. madhu  Jan 4, 2008 17:23
Anybody can give me suggestion for buying shares with low price less than Rs.10
CHAUHAN L.R.
2371. CHAUHAN L.R.  Dec 29, 2007 15:02
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.
ANITA AGGARWAL
2370. ANITA AGGARWAL  Dec 12, 2007 13:35
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.
rahul mangal
2369. rahul mangal  Nov 24, 2007 00:09
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

mahendra
2368. mahendra  Nov 14, 2007 10:36
when patni computer will cross 500+ ?
New commer
2367. New commer  Nov 6, 2007 15:49
PGCIL IS GETTING A VERY BIG CONTRACT OF POWER TRANSMISSION FROM GOVT.
New commer
2366. New commer  Nov 6, 2007 14:51
SKV,
HOLD PGCIL,TILL IT REACHES RS.300/- MARK. THERE IS NO RISK INVOLVED IN BUYING AT CURRENT PRICE.
SKV
2365. SKV  Nov 6, 2007 14:47
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 ?
RAHUL RESEARCH REPORTS
2364. RAHUL RESEARCH REPORTS  Nov 2, 2007 01:48
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
suresh
2363. suresh  Oct 31, 2007 07:54
PGCIL seems good buy till 150. I expect it to go upto 200 in few months.
I have purchased more PGCIL stocks...
Mohun
2362. Mohun  Oct 30, 2007 21:32
Hey Everybody.....

Powergrid hit its highest today...
The Target by Dec is 200
RADHA
2361. RADHA  Oct 26, 2007 12:23
DEAR VIRU
THANKS FOR REPLY
Dev
2360. Dev  Oct 26, 2007 08:31
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....
Rajiv
2359. Rajiv  Oct 25, 2007 21:54
Reliance power limited ka IPO Issue Prize Rs ?
50-55 ?
76-86 ?
plz help
$ power gird next target two month
Rajiv



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