FPO Details - Power Grid Corporation of India Limited
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....
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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%)
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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.Originally Posted by ag35
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Does the maximum limit is Rs.100,000/- for retail investors in FPO?
* SAFE
Self Appointed Financial Expert
Various brokers are giving target of Rs.115/-. Should I go and invest in FPO? Your views!
* SAFE
Self Appointed Financial Expert
You can apply uptp Rs. 200,000/- retail limit.
Definitely apply for Power Grid FPO, but as a medium term investment of 3-5 months.
One can expect a good 15%-20% gain in that period.
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I am speaking from experience and my own personal views above - I am not an advisor, nor an expert.
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.
Last edited by Administrator; 12-11-2010 at 07:51 PM.
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