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).


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

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