Power Grid Corporation IPO : Power Grid IPO opens on 10th

Power Grid Corporation, a PSU power distribution company, is coming out with an IPO through the Book Building process. The Power Grid Corporation IPO will open for subscription on Monday, September 10th 2007 and will close for subscription on Thursday, September 13th 2007. The price band for the Power Grid Corporation IPO is between Rs. 44 to Rs. 52 per share. The funds raised from the Power Grid Corp IPO will go to the National Investment Fund (NIF). The lead managers for the Power Grid Corporation IPO are Citigroup, Kotak and Enam. The registrar for the Power Grid Corporation IPO is Karvy Computershare private limited. For updates on the subscription / oversubscription ratio of Power Grid Corporation IPO and to know the IPO allotment status, refund details and listing date of Power Grid Corporation IPO, do check this blog regularly.

Power Grid Corporation IPO Prospectus
For more information, read the Draft Red Herring Prospectus of the Power Grid Corporation IPO Issue.

16 thoughts on “Power Grid Corporation IPO : Power Grid IPO opens on 10th”

  1. @sandia & sanjay
    as powergrid corp .is a big issue around 2500 crore..i dont expect it will cross oversubscription by 2 times in retail category perticularly …
    So their would be high chances of allotment and gain is sure…
    Gray market premium is 10 -12 rupees i.e. 20-25%
    gray market premium will increase after allotment ..
    So go for powergrid as much u can..

    subscription details.. youwould find this IPO oversubscribed on an average around 59 times. the retail categoryoversubscribed byaround 5 times. QIB category by around 115 times, & HNI category by around 64 times….

  3. hi I dont thing that shares of power grid will get oversubscribed bcz they dont have marketshare as other players have……..ok lets assume they would do this then again how u`ll sell the shares bcz no one is there….lets see what will happen….

  4. We have applied four application for power grid corporation. Application no. are :53462066, 53462092 ,53462078 and 53462059. For this application we have not got refund through RTGS in our bank account.

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