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.