Power Grid Corporation of India Ltd FPO Message Board (Page 81)

gem natrajan and reavi and other all boaders

i am going mumbai on 26 nov

so i want to see bse building

iwant to know that bse allow to see the building inside

what is the retailer discount in power grid? is there 5% or more

is there discount in power grid

Please let me know how to apply FPO in icicidirect.com

Lot size not yet clear.Maximum application will be for Rs 94500/-if minimum lot is for 70 or 75 shares.

356. Naresh jain
You have 2 options:
1. Apply at price 90
2. Apply at cut-off-price.
Don't apply at 85.5, you will not get allocation if govt decides to fix price above 85.5 (discount is applied after the price is fixed)

pl apply through asba
best scheme of andhra bank to apply in ipo/fpo
profit+intrest!

Mr Shivaram, you can apply through the FPO through ASBA throgh internet banking provided
1.you hav internet banking facility
2.You have to collect your DP ID/client ID and your PAN NO

354 - bolo tara

As can be seen at nseindia(.)com the max limit for Retailers for Power Grid is Rs. 1 lakh

355 - Shivraman Sunderaan

You can apply thro ASBA from anywhere.

the stock will react downwards today from 102

Who can Bid?
(i) Indian nationals resident in India, who are not (or are not Bidding in the name of) minors or
persons otherwise incompetent to contract, in single or joint names (not more than three);
(ii) Hindu Undivided Families (“HUFs”), in the individual name of the Karta.
so minor is cannot apply in this ipo

I want to apply in PGCCIL THR' ASBA.UPPER PRICE BAND is 90/=. a discount of 5% is available to retail investors. so kindly let me know at which rate application is to be submitted, 90/= or 85/50.

I am now out of India. I have a demat account with Shriram, Chennai.
I want to apply for Power Grid shares. Is there any possibility to
apply through "on line". Please let me know immediately.

How much is limit for retail investor as sebi increased the limit to 200K does that applied to power grid

Wht is d minimum no of shares dat can b applied & hw much r d multiple no of shares dat can b bid aftrwrds.....?

Don`t worry all my friends...even if we take the upper band price @ 90...it reaches to us after 5% discount at Rs. 85.5/- . At the allotment time suppose the price be around 95 we get Rs 10 per share. Now the entire story remains left on the allotment part, if we get good allotment say 6-7 lots means 450 shares approx we get Rs 4500/- on full application which is an average return unlike Coal india profits....usually good even after. Its better to sell atleast half part of your applications. Remember me ***LivE LifE KingsizE***

dear i want to know how much powergrid 90 fut unit needed for 1000 share

5 % DISCOUNT CONFIRMED

PowerGrid FPO price band fixed at Rs 85-90
By C Sarita       Nov 07 2010       , New Delhi
Tags: News
Government on Sunday fixed Rs 85-90 as price band for follow-on public offer of country’s largest power transmission utility, Power Grid Corporation of India (PGCIL). The band offers 11-16 per cent discount to investors as PGCIL scrip closed at Rs 102.05 after muhurat trading on Friday.

At higher end of price band, the issue will lead to mobilising Rs 7,575 crore through divestment and fresh equity issue of 10 per cent each. The 100 per cent book building process begins on November 9. The bid would close on November 11 for institutional investors and the next day for retail and non-institutional bidders.

An empowered group of ministers headed by finance minister Pranab Mukherjee on Sunday approved Rs 85-90 as price band for the FPO, power secretary P Uma Shankar told Financial Chronicle. He said retail investors and PGCIL employees would be entitled to 5 per cent discount on issue price.

Jagannadham Thu nuguntla, head of equity at SMC Capital, said government has tried to balance between issue and market prices by giving a good discount over last trading price. “Only challenge in an FPO is market price may move closer to price band making it difficult to meet investors’ appetite. CIL had no competition. Historic experience of NTPC and REC issues have underlined that FPO is a tricky affair.” He, however, said PGCIL being a quality asset should be able to attract investors.

Over 33 lakh equity shares have been reserved for PGCIL employees. Half of net offer will be allotted to qualified institutional buyers. About 15 per cent and 35 five per cent of the net offer will be available to non-institutional bidders and retail bidders, respectively.

Government has already mopped around Rs 17,047 crore till now in the present financial year through equity sale in Coal India, Satluj Jal Vidyut Nigam and Engineers India in May and August this year. Government netted Rs 15,200 crore through 10 per cent stake sale in CIL. Budget 2010-11 targeted to mop up Rs 40,000 crore through divestment in PSUs.

PGCIL, which owns and operates more than 95 per cent of India’s inter-state and inter-regional electric power transmission system, will fund 12 identified projects. PGCIL has 68 ongoing transmission projects and 64 sub-stations under various stages of implementation with a budgeted cost of over Rs 81,000 crore as on September 30.