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Power Grid Corporation’s FPO to commence on December 3

30 Nov 2013 Evaluate

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%.

Power Grid Corp Share Price

318.05 5.80 (1.86%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
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