03 December 2013

Power Grid FPO issue subscribed 69% on Day 1

Total Issue Size78,70,53,309
Total Bids Received54,32,29,950
Total Bids Received at Cut-off Price72,98,550
No. of times issue is subscribed0.69
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FOLLOW-ON PUBLIC OFFER (FPO)
POWER GRID CORPORATION OF INDIA LTD
ISSUE PERIOD: DECEMBER 3- DECEMBER 6, 2013
 
(A discount of Rs. 4.50 on Issue Price to Retail Applicants)

Dear Customer,

Power Grid Corporation of India Ltd has proposed to sell 787053309 Equity Shares exclusively through Follow-On Public Offer (FPO) between December 3-December 6, 2013. With 25 years of experience, company is known as India's principal electric power transmission company.
Company NamePower Grid Corporation of India Ltd
Issue PeriodDecember 3-December 6, 2013
Price BandRs 85 – Rs 90 per equity share
Lot Size150 shares & in multiple of 150 shares thereafter
Issue SizeINR 6932,99,13,849 (at INR 90 per share)
Face ValueRs. 10 each.
ListingTo be listed on NSE & BSE
Who Can InvestResident Indian individuals, HUF, Companies, corporate bodies, scientific institutions, societies and trusts, NRIs, FIIs

Highlights of the Company
  • 2013 Commenced our operations in Fiscal 1991 as National Power Transmission Corporation Limited
  • Owns & Operates 102,109 circuit kilometers of electrical transmission lines and 172 substations as on September 30, 2013
  • Featured in the Platts list of Top 250 Energy Companies of the World since 2009 & ranked as the fifth fastest growing electric utility in the world in 2012
  • Conferred the status of “Navratna” by the GoI in May 2008
  • Budgeted an investment of INR 1000 billion in transmission projects during the Twelfth Five Year Plan
 
Company Profile
  • Gross Fixed Assets: INR 823264.4 million for the fiscal 2013
  • Net Profits: INR 43126.1 miliion for the fiscal 2013
    Total Income: INR 110,735.8 million for the fiscal 2012 on consolidated basis
  • Revenue from Operations: INR 75,594.5 million on the standalone basis as on September 30, 2013

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