Issue Price: Rs. 85 - Rs. 90 Per Equity Share

Issue Detail:
Issue Open: Nov 09, 2010 - Nov 12, 2010
Issue Type: 100% Book Built Issue FPO
Issue Size: 841,768,246 Equity Shares of Rs. 10
Issue Size: Rs. 7,442.34 Crore
Face Value: Rs. 10 Per Equity Share
Issue Price: Rs. 85 - Rs. 90 Per Equity Share
Minimum Order Quantity: 65 Shares

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional InvestorsRetail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved 419,189,323  125,756,797  293,432,526  3,389,600  841,768,246 
 Day 1 - Nov 09, 2010 17:00 IST 2.0900  0.0900  0.0600  0.0200  1.0800 
 Day 2 - Nov 10, 2010 17:00 IST 7.0300  0.1600  0.2400  0.1200  3.6100 
 Day 3 - Nov 11, 2010 17:00 IST 18.5200  1.6300  0.7200  0.3700  9.7200 
 Day 4 - Nov 12, 2010 21:00 IST 18.5200  28.8600  3.8500  1.1100  14.8800 

Issue highlights:
  • Power Grid Corporation of India Ltd has been carrying out its responsibilities efficiently in the Construction, Operation & Maintenance of inter-State transmission systems and operation of Regional Power Grids.
  • It has been notified as the Central Transmission Utility (CTU) of the country.
  • Power Grid has achieved many milestones & established benchmarks in various areas of its business operations and now plays a strategic role in the Indian Power Sector in establishing & maintaining the transmission infrastructure.
  • Recognizing POWERGRID’s sterling performance, the Government of India conferred the status of “Navratna” to Power Grid.


Discounts : 5% discount on issue price on allotment (for us retail investors & employees)

Tomorrow is the last date and QIB is subscribed 18.52 times and retail at 0.70. There should be good allotment ratio for Retail Investors. Apply at the upper band price of Rs 90 and make use of the 5% discount for Retail investors. Also, retail limit is now 2 Lakhs for IPO and FPO. It will be a safe investment with minimum 10% returns on listing.