Power Grid Corporation is the biggest power-transmission company. Nearly half of the power generated in india is transmitted by pgcl, holding a sort of monopoly. Power Grid Corporation was created by the Government of India in 1992 by combining all interstate and inter-regional transmission assets in the country.
Along with its own transmission infrastructure, Power Grid Corporation also has a few power transmission joint ventures with companies like Tata Power (Tala Transmission project) and Torrent (Torrent Powergrid Limited). On a small scale, Power Grid Corporation also offers consultancy services to power transmission projects in India and abroad.
It came up with an IPO on sep10-13 with the price range of Rs.44-52. It was an attractive price to be applied. The main objective of the ipo was the proceeds of the IPO would be utilized for the company's transmission projects. 15 different projects will get fresh fund infusions.
And it was oversubscribed at 64.82 times with retail portion of 6.76 times. The issue price has been fixed at the higher range of Rs. 52. Any people who have applied for it would have listing gains from this IPO. Listing date is on october 5th 2007.
Allotment has been made now and result is out. You can check the allotment status in many sites including http://203.199.177.158/kristel/pgcipo.asp, www.chittorgarh.com
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