Friday, August 24, 2007

Power Grid Corporation of India Ltd IPO Opening on Sept 10

Hi Friends,

Incorporated in 1989, Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of India's interstate and inter-regional electric power transmission system and carries electric power across India.

Power Grid (PGCIL) is entering the capital markets with an initial public offering, IPO of 573,932,895 Equity Shares, for cash, at a premium to be decided through a 100% Book Built Issue.
The price band for the issue has been fixed at Rs 44/- at lower level and Rs 52/- at upper level for equity share of Rs 10. The issue opens on Sept 10, 2007, and closes for subscription on Sept 13, 2007. The equity shares of the company are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Click here for more information about Power Grid IPO, Power Grid IPO Allotment Status, Power Grid discussions, Power Grid IPO reviews, Power Grid IPO News, and PGCIL IPO Listing Date.

Kris Team