Power Grid Corporation of India Ltd FPO Message Board (Page 82)

retail will be atleast 6 times subscribed

http://www.indianexpress.com/news/power-grid-fpo-price-band-fixed-at-rs-8590/707890/

ON THIS DIWALI DAY AT 12.55 IN THE AFTERNOON

THE HOLY SANJOG OF " SURYA-CHANDRA-SHUKRA"

WAS MADE IN SWATI NAKASHATRA.

IN SIMPLE CONCLUSION = THE AUSPIOUS PERIOD

OF MAKING BUMPER PROFIT HAS ARRIVED. SEE COAL PROFIT.

Thanks Mr. Aryan for the news. If it's so then will surely look to subscribe to FPO but on the other side I will buy a Put call @90/- also to minimize the risk :-))

GOVT. OF INDIA IS IN FULL FORM.

DEVELOVED THE HABIT TO BENEFIT INVESTORS.

DO NOT THINK EVEN IN DREAMS OTHERWISE.

SO , HAPPY P.S.U. INVESTING.

REMEMBER ME ON LISTING DAY.

No need to worry about discount to retail. Disinvestment secretary already announced it on 3rd Nov, a day before CIL listing that PGC will have 5% retail discount.

LIKELY MINIMUM LOT OF 70 @90 = 6300 X 15 =94500

EXPECTED OVERSUBSCRIPTION 3.5 TIMES

70 X 15 =1050 BY 3.5 = 300 SHARES TO BE ALLOTTED

PER 1 LAC.

EXPECTED PROFIT MAY BE = 300 SHARES @ RS. 10 TO 15

= 3000 /- TO 4500/- . ON LISTING DAY.

Now that the price band has been fixed at Rs. 85-90/- and there seems to be no announcement on discount to retail investors, I find it slightly on the expensive side as it is already being traded in a range of 100/- and expect it to go down once the issue closes on 12th when the final subscription figure will be known on 13th. Traders will start either offloading their existing shares or will look to short. Furthermore, if a correction sets in the market , it can easily go to Rs. 90/- level. Hope it does not go NTPC way. Best of luck

i hv 286 powergrid shares. What should i do. Sell or hold

07/11/2010
Govt fixes price band at Rs 85-90 of Power Grid FPO
New Delhi, Nov 7 (PTI) The government today fixed price band at Rs 85-90 per share for about Rs 7,600 crore follow-on public offer of state-run transmission company Power Grid Corporation of India.
"The price band for PowerGrid has been fixed between Rs 85-90," Power Minister Sushilkumar Shinde said after meeting of Group of Ministers here.
The FPO comprises over 84 crore (84,17,68,246) equity shares of Rs 10 each constituting 20 per cent of existing paid-up capital. At the upper end of the price band, the issue will fetch up to Rs 7,600 crore.
The follow-on public offer of the company hits the market on November 9. The bid closes on November 11 for institutional investors and on November 12 for retail and non-institutional bidders.
The company plans to raise 10 per cent fresh equity, while the government is likely to offload 10 per cent of its 86.36 per cent stake in PowerGrid.
Besides disinvestment of the government stake, the fresh capital raising would be used for part funding investment requirement of about Rs 58,000 crore of the PSU.
The PSU has already tied up 86 per cent of the funds required for its capex plan and the remaining amount will be raised through the FPO and bonds issues.
The company aims to augment transmission capacity to 23,400 MW in the current fiscal from 19,800 MW at present.
On the transmission side, the company had been awarded Rs 7,000 crore worth of projects. It hopes to bag projects worth Rs 14,000 crore in FY''11.
The company had hit the capital market in October, 2007, with its maiden public offer. The government had divested 5 per cent of its stake in the company at that time.

CHECK OUT. HERE ALSO NO NEWS ABOUT 5% DISCOUNT.

http://newsinmsn.com/business/article.aspx?cp-documentid=4550365

POWER GRID IPO PRICE BAND HAS BEEN DECLARED TO BE RS. 85-95, ONE HOUR BACK, BY MR. SHINDE. SO NOW THERE IS NO DOUBT.

worried asno where in the news written thaat 5% discount for Retail Investors. Can anybody confirm the news by giving any link or proof. please.

POWER GRID PRICE BAND IS FIXED AT 85-90 AS PER

PRESS TRUST OF INDIA NEWS , 7.11.2010 ,18 :31

NOW AT THIS PRICE IT SEEMS TO BE AN APPORTUNITY

TO GRAB WITH BOTH HANDS. GO FOR IT.

according to economic times rate has decleared 85 to 90 and 5% discount for retailer extra
mean to say 70 ka lot h aur anuman h ki max 4 times subscribe hoga retail portion
apne 15 rupye per share bhi kamaya to bhi apko kam se kam 500 share alott honge aur 5000 to kam se kam profit hoga

cheeeerssss.

HELLO FRIENDS.... GOVERNMENT HAS DECIDED THE PRICE BAND OF 85-90 FOR FPO OF POWERGRID AND AGAIN PROVED THAT IT HAS FINALLY COME ALONG THE WAY OF PROVIDING GOOD BENEFITS TO RETAIL INVESTORS.. CHEERS TO GOVERNMENT...:)

hello friends.....by deciding the price band of 85-90 for fpo of powergrid government has again this time proved that it has learned lessons from its past failure to bring large number of retail investors for the PSU issues.. cheers to government and retail investors

not yet declared .....it says likely by the sources.....

327,
Yes , there is nothing wrong if you give the cheque for your mother's application...