Power Grid Corp FPO : Listing on 26th Nov 2010

by khalid on 20/11/2010 · 0 comments

Power Grid Corporation of India Limited (PGCIL) has informed the share market (BSE) that the shares of its recent FPO will list on 26th Nov 2010. The FPO was open between 9th Nov 2010 to 12th Nov 2010. The price band was Rs 85 to Rs 90 and the Issue Price was fixed at the upper level of price band, Rs 90 per equity share. The company had entered into primary market with an Follow-on Public Offer (FPO) of Rs 7,575.91. Power Grid Corporation of India Limited (PGCIL) is a public sector undertaking of the Indian Government. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India’s interstate and inter-regional electric power transmission system and carries electric power across India.

IPO Listing Detail :-
Listing Date: 26th Nov 2010
BSE Scrip Code : 532898
NSE Symbol : POWERGRID
Listing In : ‘B’ Group of Securities
ISIN : INE752E01010
Issue Price : Rs. 90.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The FPO proceeds would be used for carry out the divestment of 420,884,123 Equity Shares by the Selling Shareholder, to meet the capital requirements for the implementation of certain identified transmission projects and general corporate purposes.

The book running lead managers to the issue are ICICI, SBI Cap, Goldman Sachs and JP Morgan.

Registrar of the Issue : Link Intime India Private Ltd. Mumbai.

Stay tuned to BelltheBull Blog for more on Power Grid Corp FPO !

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