FPO Update by sharekhan - Power Grid Corporation Ltd


Power Grid Corporation Ltd
Price band: Rs 85 to Rs 90
Issue opens on: November 9, 2010 | Issue closes on: November 12, 2010
Issue opens on: November 9, 2010
Issue closes on: November 12 , 2010
Lot size: 65 shares and in multiples of 65 shares
Price band: Rs85 - Rs90
Issue size: Rs 8500 crore
* (5% discount on issue price to retail investors and employees)

Issue highlights (source: BRLM/RHP)

  • Power Grid Corporation Ltd, a Navratna company, was established in 1992 by the Government of India to setup and strengthen the National Grid. Power Grid is the principal transmission company of the country.

  • Power Grid has a transmission business with a network of over 75,000 ckm accounts for more than 94% of the topline and bottomline (FY2010)

  • The company was first listed on the NSE and BSE on October 5, 2007 and has a present market cap of Rs 427.82bn (as of August 8, 2010)

  • The company has invested Rs 370bn in the last five years and has commissioned projects worth Rs 176bn during the same period.

  • Business strengths: The company is a dominant player in the transmission space accounting for more than 32% of the total transmission network in the country and transmitted 55% of the total power generated in FY2010.

  • Financial: The company?s total consolidated income stood at Rs 7127 crore (FY2010) v/s. Rs 4615 crore (FY2008) and its net profit stood at Rs 2041 crore (FY2010) v/s. Rs 1448 crore (FY2008).



3 comments:

manu said...

any updates about this FPO?

R John Christy said...

New shares listing on Nov 23rd. Allotment yet to be finalized.

R John Christy said...

Update : Newly allotted shares would start trade from Nov. 26th

Post a Comment

All comments are moderated. Please post no spam

Disclaimer & Privacy Policies

(c) Mrs. Ruby Christy. This site and contents are owned by Mrs. Ruby Christy;
Use of this website and/or services offered by us indicates your acceptance of our Disclaimer& Privacy Policies.

Information and opinions provided on this website (www.investchips.com) has been independently obtained from sources believed to be reliable. However, such information may include inaccuracies, errors or omissions. Investchips.com and its affiliates, information providers or content providers and R.John Christy and his Family shall have no liability to you or third parties for the accuracy, completeness, timeliness or correct sequencing of information available on this website or feeds, or for any decision made or action taken by you in reliance upon such information, or for the delay or interruption of such information. Investchips.com,its affiliates, information providers ,content providers and R. John Christy and his Family shall have no liability for investment decisions or other actions taken or made by you based on the information provided on this website. Any action you choose to take in the markets is totally your own responsibility. Investchips.com and R. John Christy and his Family will not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. This information is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. Opinions expressed by R. John Christy are his own and not of his past, present and future employers.
The DoubleClick DART cookie is used by Google in the ads served on this websites displaying AdSense for content ads. When users visit this website and either view or click on an ad, a cookie may be dropped on that end user's browser.
  • Google, as a third party vendor, uses cookies to serve ads on this site.
  • Google's use of the DART cookie enables it to serve ads to your users based on their visit to this site and other sites on the Internet.
  • Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy.
  • www.investchips.com never collects any personal information of visitors.