SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Power Grid Corporation of India fixes FPO issue price at Rs 90 per share

11 Dec 2013 Evaluate

Power Grid Corporation of India’s has received an approval from board of directors to fix the issue price for Follow on Public Offer (FPO) at Rs 90 per share. A discount of Rs 4.50 per share has been allowed to Retail Investors and eligible Employees on the issue price.

The company’s FPO issue had been subscribed around 6.72 times. The Rs 7,000-crore issue, which closed on December 6 had received bids for 529 crore equity shares as against issue size of 78.7 crore shares.

Power Grid Corporation of India, the Central Transmission Utility (CTU), is engaged in power transmission business with the mandate for planning, co-ordination, supervision and control over Inter-State transmission systems and operation of the National and Regional Power Grids. It is also in the telecom business and offers consultancy services.

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
View more..

About MoneyWorks4Me

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.

Our Vision

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.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×