Power Grid Corporation IPO Allotment would be good news for Retailers after a long time

Power Grid Corporation IPO finally closed yesterday after fully subscribing by 65 times.
But the good news is that the retailer side is subscribed just by 5 times , which means almost everyone will get some or other lot of Power grid stocks.
More interesting part is QIB is subscribed by whooping 111 times.
For the HNI category, it has subscribed nearly 40 times

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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