In the biggest-ever response to a public stock offering, the state-owned Power Grid Corporation of India (PGCIL ) has received subscription of Rs 1,90,000 crore, a slice of which came from provident and retirement funds — investors who rarely put money into equity. The company will raise around Rs 2,985 crore through the IPO, which has been oversubscribed 65 times. Investors were offered a price band of Rs 44 to 52 for building the book.
In CNBC-Awaz channel they shows that Retail portion has subscribed 4.5 times, is it true? and in this site it shows that retail portion has subscribed 6.7678 times, and Employees portion is 2.6571 times subscribe.
so it may be pure retails porstion subscription could be 6.7678 - 2.6571 = 4.11 times.
HI, POWER GRID IPO FINAL QIB 115.90 TIME HNI 40.34 TIME RETAIL 6.77 TIME APLIED 1875 SHARE GATE 277 SHARE ANY BEDDER GRAY MARKET 16 TO 16.5 EXPECTED LIST 25 PREMIUM
Probable allotment for 1875 is 290 and grey market price is 15 rs confirm..... so 4350 per application.....listing is expected on above 20 rs plus so around 72 rs.......
Applied Probable Allotment 15 times (1875) 300 plus 14 times (1750) 280 plus 13 times (1625) 260 plus 12 times (1500) 240 plus 11 times (1375) 220 plus 10 times (1250) 200 plus 9 times (1125) 180 plus 8 times (1000) 160 plus 7 times (875) 140 plus 6 times (750) 125 to almost all 5 times or below- Keep your fingers crossed,125 or 0