07-Sep-2007
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 5156970625 18.4192 1(a) Foreign Institutional Investors (FIIs) 4096103250 1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies) 562458500 1(c) Mutual Funds 494251750 1(d) Others 4157125 2 *Non Institutional Investors* 83993234 41112000 0.4895 2(a) Corporates 7559250 2(b) Individuals (Other than RIIs) 22622375 2(c) Others 10930375 3 *Retail Individual Investors (RIIs)* 195984213 210651250 1.0748 3(a) Cut Off 196745875 3(b) Price Bids 13905375 4 *Employee Reservation* 13978000 9464250 0.6771 4(a) Cut Off 5255500 4(b) Price Bids 4208750
Updated as on 12 Sept 2007 at 1700 hrs
MJ
On 9/11/07, Maheshwaran Jothi wrote: > > from NSE India > > 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 1298610750 4.6383 1(a) Foreign Institutional Investors > (FIIs) > 241808250 > 1(b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ > Insurance Companies) > 559956000 > 1(c) Mutual Funds > 494251750 > 1(d) Others > 2594750 > 2 *Non Institutional Investors* 83993234 14539125 0.1731 2(a) Corporates > 776000 > 2(b) Individuals (Other than RIIs) > 4672250 > 2(c) Others > 9090875 > 3 *Retail Individual Investors (RIIs)* 195984213 80317500 0.4098 3(a) Cut > Off > 74099125 > 3(b) Price Bids > 6218375 > 4 *Employee Reservation* 13978000 2209000 0.1580 4(a) Cut Off > 1147375 > 4(b) Price Bids > 1061625 > > Updated as on 11 Sept 2007 at 1700 hrs > > Why is it retail investors shows no interest? Is it like people are > waiting to subscribe based on the last day info of subcribtion? > > MJ > > On 9/10/07, Maheshwaran Jothi wrote: > > > > 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 > > > 975.46 crore in Q1 June 2007. It clocked net profit of Rs 1087.65crore 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 > > > > > > > > > > > > > > >
