State-owned, Power Grid Corporation of India (PGCIL) is coming up with a Follow-on Public Offer (FPO) which includes 13% of fresh issue of shares and 4% disinvestment of shares by Government of India (GOI). The issue will open on December 03, 2013 and closes on December 05, 2013 for Institutional Investors and December 06, 2013 for Retail category of Investors & Employees.
Besides, 50% of the net issue is allocated to Qualified Institutional Buyers (QIBs), 35% for Retail category and 15% for High Network Investors (HNI). Above 0.38% of the issue is reserved for employees.
Retail category and employees shall be given a discount of 5% on the issue price. With the above, the GOI holding in the company will come down to 57.89% from the present level of 69.42%.
| Company Name | CMP |
|---|---|
| NTPC | 393.65 |
| Tata Power | 427.45 |
| Adani Power | 198.40 |
| Power Grid Corp | 318.05 |
| Torrent Power | 1565.30 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: