07-Sep-2007
From NSEINDIA
Power Grid Corporation of India Ltd - Bid details
Sr.No. Category No.of shares offered/reserved No. of shares bid for No. of times of total meant for the category 1 *Qualified Institutional Buyers (QIBs) * 279977448 597383375 2.1337 1(a) Foreign Institutional Investors (FIIs) 34836250 1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 559954875 1(c) Mutual Funds 0 1(d) Others 2592250 2 *Non Institutional Investors* 83993234 1666375 0.0198 2(a) Corporates 10625 2(b) Individuals (Other than RIIs) 1598750 2(c) Others 57000 3 *Retail Individual Investors (RIIs)* 195984213 20039750 0.1023 3(a) Cut Off 18180250 3(b) Price Bids 1859500 4 *Employee Reservation* 13978000 40875 0.0029 4(a) Cut Off 40875 4(b) Price Bids 0
Updated as on 10th Sept 2007 at 1700 hrs
MJ
On 9/10/07, Maheshwaran Jothi wrote: > > Power Grid Corporation IPO fully bid on day one > > IPO gets bids for 61.91 crore shares > > The IPO of Power Grid Corporation, India’s principal power transmission > company, was fully bid on day one. The IPO got bids for 61.91 crore, > compared to the issue size of 57.39 crore shares. The IPO opened for > subscription today, 10 September 2007. IPO closes on 13 September 2007. > > At the offer price band of Rs 44-Rs 52, the PE range works out to 17-20.10, > based on FY 2007 EPS of Rs 2.60. > > The issue constitutes 13.64% of the fully diluted post-issue capital of > the company. Along with the IPO, the government is also selling 5% of its > shares in the company. > > Power Grid Corporation of India owns and operates most of India’s > interstate and inter-regional electric power transmission system. > > The company registered net profit of Rs 453.91 crore on sales of Rs 975.46crore in Q1 June 2007. It clocked net profit of Rs > 1087.65 crore on sales of Rs 3589.85 crore in FY 2007 (year ended 31 March > 2007). > Source : Capital Market > > MJ > > On 9/10/07, KKP_Investor wrote: > > > > > > Is this a good IPO to get into? The name sounds great…..the business > > of transmission is key since it must take a lot of effort to get > > electricity produced in one remote area transmitted to various villages, > > towns and cities. Right of way (land ownership) is the main thing > > needed to put up large multi-story towers to transmit high voltage > > electricity for distribution to businesses and residences. > > > > The above para is without reading the prospectus….. > > > > Thanks ERji, Esherji, Samirji, Feltra/Ramanji as always for keeping us > > posted with many latest stories. > > > > KKP > > > > > >
