Power Grid FPO

Power Grid FPO IPO Subsription Details

Power Grid Corporation of India FPO Allotment Status

POWER GRID CORPORATION OF INDIA LIMITED (POWERGRID), the Central Transmission Utility (CTU) of the country under Ministry of Power is one amongst the largest Power Transmission utilities in the world. POWERGRID is playing a vital role in the growth of Indian power sector by developing a robust Integrated National Grid and associating in the flagship programme of Govt. of India to provide Power for all. Innovations in Technical & Managerial fields has resulted in coordinated development of power transmission network and effective operation and management of Regional and National Grid.

Power Grid Corporation of India has come out with its follow-on public offer (FPO) of 78,70,53,309 equity shares of Rs 10 each. The issue is going to open for subscription on December 03. The issue will close on December 05 for qualified institutional bidders while it will be opened for other investors till December 06. This offer comprises a fresh issue of 60,18,64,295 equity shares by the company and an offer for sale of 18,51,89,014 shares by government. The company intends to use fresh issue funds for capital requirements for the implementation of certain identified transmission projects and general corporate purposes.

Retail category and employees shall be given a discount of 5 per cent on the issue price. A discount of Rs 4.50 (which is 5 per cent of the top end of the price band) will be available to retail investors and eligible employees on the issue price on allotment.

Rs 4.50 (5 percent) Discount for Retail Bidders

IPO Subscription Detail / IPO Oversubscription Details / IPO Bidding Status

		Power Grid Corporate of India FPO Allotment Status
		Power Grid Corporate of India FPO Basis of Allotment

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