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Power Grid FPO is a book built issue of Rs 7,442.34 crores.
Power Grid FPO bidding started from November 9, 2010 and ended on November 12, 2010. The shares got listed on BSE, NSE on November 25, 2010.
Power Grid FPO price band is set at ₹85 to ₹90 per share. The minimum lot size for an application is 65 Shares. The minimum amount of investment required by retail investors is ₹5,850.
Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited, J.P. Morgan India Private Limited and SBI Capital Markets Limited are the book running lead managers of the Power Grid FPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Power Grid FPO RHP for detailed information.
| IPO Date | November 9, 2010 to November 12, 2010 |
| Listing Date | November 25, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 per share |
| Lot Size | 65 Shares |
| Total Issue Size | 841,768,246 shares (aggregating up to ₹7,442.34 Cr) |
| Issue Type | Book Built Issue FPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 4,208,841,230 |
| Share holding post issue | 4,629,725,353 |
Power Grid FPO offers 841,768,246 shares. 419,189,323 (49.80%) to QIB, 125,756,797 (14.94%) to NII, 293,432,526 (34.86%) to RII, 3,389,600 (0.40%) to employees. 4,514,346 RIIs will receive minimum 65 shares and (sNII) and (bNII) will receive minimum 2,275 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 419,189,323 (49.80%) | NA |
| NII (HNI) Shares Offered | 125,756,797 (14.94%) | |
| Retail Shares Offered | 293,432,526 (34.86%) | 4,514,346 |
| Employee Shares Offered | 3,389,600 (0.40%) | NA |
| Total Shares Offered | 841,768,246 (100%) |
Investors can bid for a minimum of 65 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 65 | ₹5,850 |
| Retail (Max) | 34 | 2210 | ₹198,900 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 86.36% |
| Share Holding Post Issue | 69.42% |
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.
Power Grid with a network of 150,000 transmission towers in India is planning to grow its telecom business by renting out at least 10-15 percent of its tower infrastructure to the telecom firms in the country. The proceeds will be mainly utilised for constructing nine country-wide high capacity power transmission corridors which would cost it more than Rs 50,000 Crore. Power Grid Corporation announced a 41 percent increase in its net profit to Rs.651 crore for the second quarter of financial year 2010-11. The company’s net profit also increased to Rs.1,354 crore in first six months compared to the Rs.1,006 crore it reported in 2009.
| Particulars | For the year/period ended (in Rs. Crores) | |||||
| 31-Mar-10 | 31-Mar-09 | 31-Mar-08 | 31-Mar-07 | 31-Mar-06 | 31-Mar-05 | |
| Total Income | 7,503.58 | 7,028.54 | 5,081.53 | 4,082.31 | 3,554.31 | 2,831.28 |
| Profit After Tax (PAT) | 2,040.94 | 1,690.61 | 1,630.53 | 1,220.09 | 1,081.67 | 785.52 |
| KPI | Values |
|---|---|
| RoNW | 12.83% |
The Object of the issue are:
1. the disinvestment of 420,884,123 Equity Shares of Rs 10 each by the Selling Shareholder (Government of India).
2. to meet the capital requirements for the implementation of certain identified transmission projects (“Identified Projects”); and
3. general corporate purposes.
The Power Grid FPO is subscribed 14.88 times on November 12, 2010 9:00:00 PM. The public issue subscribed 3.85 times in the retail category, 18.52 times in the QIB category, and 28.86 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 18.52 |
| NII | 28.86 |
| Retail | 3.85 |
| Employee | 1.11 |
| Total | 14.88 |
Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.
| Listing Date | November 25, 2010 |
| BSE Script Code | 532898 |
| NSE Symbol | POWERGRID |
| ISIN | INE752E01010 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹90.00 |
| ₹95.00 |
| ₹94.00 |
| ₹97.20 |
| ₹96.60 |
| NSE |
|---|
| ₹90.00 |
| ₹95.00 |
| ₹93.30 |
| ₹97.25 |
| ₹96.55 |
Power Grid Corporation of India Ltd
“Saudamini”, Plot No.2, Sector 29,
Gurgaon 122 001,
Haryana, India
Phone: +91 (124) 2571 700
Email: investors@powergridindia.com
Website: http://www.powergridindia.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: pgcil.fpo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Power Grid FPO is a main-board FPO of 841,768,246 equity shares of the face value of ₹10 aggregating up to ₹7,442.34 Crores. The issue is priced at ₹85 to ₹90 per share. The minimum order quantity is 65 Shares.
The FPO opens on November 9, 2010, and closes on November 12, 2010.
Kfin Technologies Limited is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
The Power Grid FPO opens on November 9, 2010 and closes on November 12, 2010.
Power Grid FPO lot size is 65 Shares, and the minimum amount required is ₹5,850.
You can apply in Power Grid FPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Power Grid FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Power Grid FPO allotment status.
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