IPO

Power Grid Corporation of India Ltd IPO

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Further public offer of 787,053,309 equity shares of Rs. 10 each (equity shares) for cash at a price of Rs. 90~ per equity share of Power Grid Corporation of India Limited (POWERGRID, The Company or The Issuer) aggregating Rs. 6958.64 crores (The Offer). The offer comprises a fresh issue of 601,864,295 equity shares by the company (The Fresh Issue) and an offer for sale of 185,189,014 equity shares by The President of India, acting through the Ministry of Power, Government of India (The Selling Shareholder) (The Offer for Sale). The offer comprises a net offer to the public of 784,053,309 equity shares (The Net Offer) and a reservation of 3,000,000 equity shares for subscription by eligible employees (The Employee Reservation Portion). The offer would constitute 15.04% of the post offer paid-up equity capital of the company and the net offer would constitute 14.99% of the post offer paid-up equity capital of the company. The face value of the equity share is Rs. 10 each. The Offer Price: Rs. 90 per equity share of face value of Rs. 10 each. The offer price is 9 times of the face value. * Discount of Rs. 4.50 to the offer price is being offered to retail individual investors (the Retail Discount) and eligible employees bidding in the employees reservation portion (the employee discount)..

Power Grid Corporation of India Ltd IPO Subscription Details

Company

Power Grid Corporation of India Ltd

Issue Type

(Book Built Portion)

Open Date

03 Dec

Close Date

06 Dec

Offer Price

90.00

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  • Enter the number of lots and price at which you wish to apply for
  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
  • You will receive a notification to block funds in your UPI app
  • Approve the block request

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Contact Details of Power Grid Corporation of India Ltd IPO

Company Contact Information

Power Grid Corporation of India Ltd IPO
B-9 Qutab Institutional Area,
Katwaria Sarai,
New Delhi, New Delhi 110016.

Phone: 91-11-26560112
Email: powergrid@powergrid.com

Power Grid Corporation of India Ltd IPO Register

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Power Grid Corporation of India Ltd IPO Lead Manager(s)

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