Power Grid Corporation IPO : Power Grid Corporation IPO opens on September 13th 2007

About Power Grid Corporation of India : Establishment and operation of Regional and National Power Grids to facilitate transfer of electric power within and across the regions with Reliability, Security and Economy, on sound commercial principles.

Power Grid Corporation IPO Info Power Grid corporation of India Limited is entering the capital markets with an initial public offer IPO of 573,932,895 Equity Shares , for cash, at a premium to be decided through a 100% Book Built Issue.The price band for the issue has been fixed at Rs 44/- at lower level and Rs 52/- at upper level for equity share of Rs 10. The issue will be open from Sept 13, 2007 to Sept 20, 2007.

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Suryachakra Power Corporation gave good profit to the Stock Holders

Suryachakra Power Corporation gave good profit to the Stock Holders
Suryachakra Power Corporation scrip ended at Rs 22.82, a premium of 14.1% over the IPO price of Rs 20. This is more than some good IPO would have yield on the listing day , and infact the good part is everyone got full allotment on the IPO , this would have been some good gain for the holders.