Power Grid FPO:Power Grid FPO Retail Subscription,Share Price,Subscription Status

power grid fpo,power grid fpo retail,power grid fpo subscription, power grid retail subscription, power grid share price, power grid fpo subscription status

The FPO of Power Grid Corporation (BSE: 532898, NSE: POWERGRID) closed the second day with overall oversubscription of 9.72 times, of which the QIBs led the rush with oversubscription of 15.29 times. But the reserved quota for retail individual investors was subscribed only 0.61 times. This anomaly seems to be due to a lack of understanding of Power Grid’s growth prospects among the lesser informed retail investors.
For a developed world starved of growth opportunities, the emerging markets are no doubt the only bet to invest and grow their money. And in emerging markets, India stands out due to its advanced and well-regulated stock markets, while among the country’s various growth opportunities, power generation and transmission stands out as perhaps the only sector needed for all other sectors.
power grid fpo

Power Grid FPO

Retail Portion of Power Grid FPO subscribed 3.85 times:

The Retail Individual Investors (RIIs) portion of Power Grid Corporation of India Limited FPO has received subscription of 3.85 times.

The FPO of Power Grid Corporation of India Limited has received total subscription of 14.88 times with excellent response from all segments of investors.

The FPO received subscription of 3.85 times in retail portion with bids for 1130756705 equity shares against the offer of 293432526 equity shares.

The issue received bids for 967213260 equity shares at cut-off price. The issue also received bids for 163543445 equity shares through price bids.

The issue closed for subscription by retail investors on November 12, 2010.

Latest Update:

Today is the last date for retail and HNI investors to put in their bids.

Power Grid FPO was subscribed by more than 10 times at the close of the third day of book building. The QIB portion, which closed yesterday was oversubscribed by more than 18 times.

The quota for small retail investors, who have time till Friday evening to put in their bids, has received only 0.72 subscription. Retail investors are allowed to put in bids for shares worth up to rupees one lakh. The bulk of the retail bids are expected to come in today.

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3 Comments

  1. P C Mehta says:

    Powergrid application no.42378327 is disappeared!

  2. Rajshree says:

    power grid ipo refund is not recieved

  3. Rajshree says:

    in power grid fpo refund is not recieved by us.

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