Power Grid follow-on public offering has got a very good response out there in market. Till 1400 hours on the third day today, it has been subscribed 5.31 times as per economic times.
And as per NSE website latest update is that it has been subscribed more than 9.5 times so far and its expected to rise more.
The price band for this FPO has been kept between Rs 85-90 and for for non-institutional and retail investors this issue will close tomorrow in 12th of November 2010.
FPO generated amount will be used for 13 transmission projects which is worth Rs 22,600 crore. Power Gris FPO share price and listing will be followed as it progresses.
Like the success of Coal India IPO subscription, every one has turned on Power Grid FPO price. Lets see what happens in market in few days.
hi plz sand listing date and listing price plz……….
Comment by Ashish — November 14, 2010 @ 11:07 pm
hii….i would like to know about allotment & listing date of power grid
any goverment issue come in november..???if it is coming than give detail of share,price and date of opening & closing
Comment by paresh patel — November 17, 2010 @ 10:44 pm