FPO Retail Subscription: Power Grid FPO Retail Subscription at 0.72 times

Today is the survive date for retail and HNI investors to put in such a bids.
Power Grid FPO was subscribed by !no! as opposed to 10 times at the conclusion of the third day of book building. The QIB portion, that closed yesterday was oversubscribed by a good amount as opposed to 18 times.

Power Grid FPO Retail Subscription

The quota for pitiful retail investors, who experience period till Friday evening to put in the bids, has acquired sole 0.72 subscription. Retail investors are allowed to put in propositions for shares expense up to rupees one lakh. The bulk of the retail proposals are likely to arrive in today.

High net values consumers (HNIs) hold furthermore applied for the Power Grid FPO in enormous numbers, that has resulted in the quota reserved for them making in subscribed 1.63 times. Applications for 8.2 billion shares got built against the 841 million shares on give as per info accessible amongst the NSE yesterday.



Foreign institutional investors hold put in proposals price Rs 41,040 crore for PowerGrid shares. FII’s fully bid for 456 Crore shares additonally domestic institutional investors suffer put in propositions for 272 Crore shares.

When Power Grid had appear out through it’s IPO in September 2007. The send back rates was Rs 52 and the problem had continued through subscribed 65 times. The QIB category of the book was when that happens subscribed 115 times, the HNI category by 40 times and the retail category by seven times. The shares swiftly debuted on the inventory markets at Rs 85. Since subsequently the share market prices own other or narrower remained stagnant.
Source:http://news.indiamicrofinance.com/power-grid-fpo-retail-subscription-6534249870/