Monday, November 22, 2010
K Chaturvedi, the chairman and managing director of Power Grid Corporation came on surface and made an announcement about the equity shares of Power Grid Corporation and that is going to list on exchanges on November 23, 2010.
However the power grid fpo allotment date is yet to be determined. Power Grid Corp of India's follow-on-offer to raise as much $ 1.7 billion was subscribed by 14.88 times as investors found compelling reasons to participate in India’spower story. The offer attracted bids worth $ 9.3 billion from foreign investors, exchange data showed, powered by record fund inflows into Indian shares this year.
The company has fixed an issue price at Rs 90 a share, at higher end of price band of Rs 85-90. However, retail investors and employees will get shares inallotment at Rs 85.5, a 5% discount to issue price.
Power Grid FPO Allotment Status or power grid fpo allotment date is on 25th Nov 2010. Subscribers can go through Karvy Computershare Private Limited official website karisma.karvy.com for power grid fpo allotment date or Power Grid FPO Listing. Power Grid Corporation has not yet published that when the shares will be added to demat accounts as the closing of Power Grid FPO took place just on Nov 21, 2010. Checkout here for power grid fpo allotment date or Power Grid FPO Listing Date details from the below available links.
Power Grid Corporation has fixed an issue price at Rs. 90 a share which is at the higher end of price band of Rs. 85-90.Retail investors and employees will be alloted Shares at a discount of 5% discount to issue price at Rs. 85.50.
Accoding to source that Power Grid shares credited to the demat accounts may be on or before of 25th November 2010. Investers expect that the FPO shares will be trades on the BSE and NSE from Nove 23rd onwards.
Power Grid FPO allotment status – http://karisma.karvy.com/karisma/jsp/quickLinks.htm
Power Grid FPO allotment status Listing – http://22.214.171.124/ipo/
The orders for refunding through electronic transfer will take place on 25th November. The registrar for Power Grid follow-on public offer (FPO) – power grid fpo allotment date Karvy Computershare Pvt Ltd has not yet updated it’s online database with the details of allotment .
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Posted by dudeguru at 10:50 AM