Power Grid FPO Allotment Online – Listing date 26th Nov.
Shares of Power Grid FPO can be expected to be credited to demat accounts in NSDL and CDSL by the 24th or 25th November said some Brokers and refunds through ECS could come in on the 25th November. Those investors who have applied through Applications Supported by Blocked Amount (ASBA) can expect the money to be debited next week.
Allotment ratio for Power Grid FPO has not yet been revealed but some brokers expect the allotment basis to be in ratio of 1:4.
To check the allotment status of power grid shares you will need to visit the below link....
hi some advice opinion pl clarify . power grid allitment will be done say monday , and the shares will get listed say tuesday , can i sell on monday itself and deliver them on pay in date wednesday
Govt. I think is playin a big game, first shell out 2 lac per IPO n second 2 parallel IPOs which ll give quite a nice picture to IT dept. Its my understanding..
Yeah...Mr. Raja Rajasthani, I had the same situation till 16/11/2010. Rs99450/- with ICICI Bank was not debited till that day where as for Coal India IPO the application money was debited on the very next day. Don't worry they will debit the amount before allotment or may be on tomorrow.
If Power Grid holds to current levels till FPO shares come into market, then there will be short covering in Futures and the rate in Cash Market also may rise.
On the other hand if market sentiments are low at that time, then the rise may not occur.
I had only Rs. 65000 worth of funds, so I could apply only for 715 shares @ Rs.90 because the application should be in multiples of 65. So should I get around 180 shares?