Power Grid Corp FPO : Settled at 5.87% premium on debut

by khalid on 26/11/2010 · 0 comments

Power Grid Corporation of India Limited (PGCIL) shares got debuted at Rs 95.00, a just 5.28% premium over its initial public offering (IPO) price of Rs 90.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 96.55 which is a premium of 5.87% over the issue price of Rs 90.00. The stock hit a high of Rs. 97.25 and low of Rs. 93.30 on the listing day 25th Dec 2010. A total of 167,134,095 shares changed hands on the NSE. 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.

Listing day Summary :-
Listing Date: 25th 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

On the NSE:-
Issue Price: Rs. 90.00
Open : 95.10
High : 97.25
Low : 93.30
Close : 96.55
Last Trade : 96.55

Power Grid Corporation of India Limited (PGCIL) has raised Rs 7,575.91 crore through an initial public offering of 841,768,246 equity shares.

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