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PGCIL FPO is a book build issue of ₹6,958.64 crores. The issue is a combination of fresh issue of 60.19 crore shares aggregating to ₹5,321.31 crores and offer for sale of 18.52 crore shares aggregating to ₹1,637.33 crores.
PGCIL FPO bidding started from Dec 3, 2013 and ended on Dec 6, 2013. The shares got listed on BSE, NSE on Dec 19, 2013.
PGCIL FPO price band is set at ₹90.00 per share . The lot size for an application is 150. The minimum amount of investment required by an retail is ₹12,750 (150 shares). The lot size investment for sNII is 15 lots (2,250 shares), amounting to ₹2,02,500, and for bNII, it is 75 lots (11,250 shares), amounting to ₹10,12,500.
The issue includes a reservation of up to 30,00,000 shares for employees offered at a discount of ₹4.50 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
| IPO Date | December 3, 2013 to December 6, 2013 |
| Listing Date | December 19, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹85 to ₹90 per share |
| Issue Price Final | ₹90 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 78,70,53,309 shares (aggregating up to ₹6,958.64 Cr) |
| Fresh Issue | 60,18,64,295 shares (aggregating up to ₹5,321.31 Cr) |
| Offer for Sale | 18,51,89,014 shares of ₹10 (aggregating up to ₹1,637.33 Cr) |
| Retail Discount | Rs 4.50 per share |
| Employee Discount | ₹4.50 |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,62,97,25,353 shares |
| Share Holding Post Issue | 5,23,15,89,648 shares |
Power Grid FPO 2 offers total 78,70,53,309 shares. Out of which 39,20,26,655 (49.81%) allocated to QIB, 11,76,07,996 (14.94%) allocated to NII, 27,44,18,658 (34.87%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 39,20,26,655 (49.81%) | NA |
| NII (HNI) Shares Offered | 11,76,07,996 (14.94%) | NA |
| Retail Shares Offered | 27,44,18,658 (34.87%) | 18,29,457 |
| Employee Shares Offered | 30,00,000 (0.38%) | NA |
| Total Shares Offered | 78,70,53,309 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
PGCIL FPO opens on December 3, 2013, and closes on December 6, 2013.
| IPO Open Date | Tue, Dec 3, 2013 |
| IPO Close Date | Fri, Dec 6, 2013 |
| Tentative Listing Date | Thu, Dec 19, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Dec 6, 2013 |
Investors can bid for a minimum of 150 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 150 | ₹13,500 |
| Retail (Max) | 14 | 2,100 | ₹1,89,000 |
| S-HNI (Min) | 15 | 2,250 | ₹2,02,500 |
| S-HNI (Max) | 74 | 11,100 | ₹9,99,000 |
| B-HNI (Min) | 75 | 11,250 | ₹10,12,500 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
They are India's principal electric power transmission company. As on September 30, 2013 they owned and operated more than 90% of India’s ISTS which, inter-alia, includes interregional transmission links. They owned and operated 102,109 circuit kilometers of electrical transmission lines and 172 substations with a total transformation capacity of 172,378 MVA.
| KPI | Values |
|---|---|
| RoNW | 16.15% |
The Company PGCIL FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Fund expenditure to meet the capital requirements for the implementation of the Identified Projects | 48,354.44 |
| 2 | Fund expenditure for general corporate purposes |
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Power Grid Corporation of India FPO, Power Grid FPO, PGCIL FPO Bidding, Power Grid FPO Allotment Status, Powergrid drhp and Power Grid Corporation of India Limited FPO listing.
| Listing Date | December 19, 2013 |
| BSE Script Code | 532898 |
| NSE Symbol | POWERGRID |
| ISIN | INE752E01010 |
| Final Issue Price | ₹90 per share |
| BSE Listing Group | A |
Power Grid Corp.of India Ltd.
B-9, Qutab Institutional Area,
Katwaria Sarai,
New Delhi, New Delhi, 110016
Phone: +91 (11) 2656 0112
Email: investors@powergridindia.com
Website: http://www.powergridindia.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
PGCIL FPO is a main-board FPO of 78,70,53,309 equity shares of the face value of ₹10 aggregating up to ₹6,958.64 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 150.
The FPO opens on December 3, 2013, and closes on December 6, 2013.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PGCIL FPO using UPI as a payment gateway. Zerodha customers can apply in PGCIL FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PGCIL FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PGCIL FPO opens on December 3, 2013 and closes on December 6, 2013.
PGCIL FPO lot size is 150, and the minimum amount required for application is ₹13,500.
You can apply in PGCIL FPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PGCIL FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PGCIL FPO allotment status.
The PGCIL FPO listing date is on Thursday, December 19, 2013.
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