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Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. Power Grid with a network of 150,000 transmission towers in India is planning to grow its telecom business by renting out at least 10-15 percent of its tower infrastructure to the telecom firms in the country.
Issue Detail:
Issue Open: Nov 09, 2010 - Nov 12, 2010
Waiting for other details....
Issue Size: 841,768,246 Equity Shares
Issue Price: Rs. 85 - Rs. 90 Per Equity Share
Current Price is down :(
Change(Rs): -3.35 (-3.28%)
Do you feel it's good to invest in the Power Grid's FPO, after today's fall?
If you buy the FPO at Rs 90, which is the upper band, you will earn 10% and if you invest at Rs. 85, which is lower band, you will earn around 15% at current market price in 15-20 days. It's says all.Quote:
Originally Posted by ag35
Does the maximum limit is Rs.100,000/- for retail investors in FPO?
Various brokers are giving target of Rs.115/-. Should I go and invest in FPO? Your views!
You can apply uptp Rs. 200,000/- retail limit.Quote:
Originally Posted by Expert
Definitely apply for Power Grid FPO, but as a medium term investment of 3-5 months.Quote:
Originally Posted by Expert
One can expect a good 15%-20% gain in that period.
Capital Market Website has given it a rating of 51, which is equal to Coal India rating. A must apply for everyone.
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Are you sure? The Rs. 2,00,000/- limit is for IPOs.Quote:
Originally Posted by CONFUSED
Qualified Institutional Buyers (QIBs) = 18.52%
Non Institutional Investors = 1.63%
Retail Individual Investors (RIIs) = 0.72%
Employees (EMP) = 0.37%
Total = 9.72%
Can some one tell me when will the stocks be given to us(FPO) for trading?
Power Grid FPO subscribed 14.5 times.
The Rs. 200,000/- limit is applicable from 15th Nov'2010 after SEBI notification.Quote:
Originally Posted by CONFUSED
Retail Cap in IPOs to Rs 2 lac
The Securities & Exchange Board of India (SEBI) has increased investment limit in IPO (initial public offer) or FPO (follow-on public offer) for retail investors to Rs 2 lakh from Rs 1 lakh.
RPP Infra Projects is the first public offer that will get benefited from this investment limit.
SEBI had announced the limit last month but will get implemented from now onwards. However, the SEBI has not increased retail investors’ reserved portion, which kept at 35%.
FPO Share's listing date - November 25, 2010Quote:
Originally Posted by Master