Bookbuilding FPO | ₹6,959 Cr | Listed at BSE, NSE | Tue, Dec 3, 2013 - Fri, Dec 6, 2013
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 per share. The lot size for an application is 150. The minimum amount of investment required by an retail is ₹13,500 (150 shares) (based on upper price). 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.
Refer to PGCIL FPO RHP for detailed Information.
FPO Open
Tue, Dec 3, 2013
FPO Close
Fri, Dec 6, 2013
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹47,084.31 Cr
| IPO Date | 3 to 6 Dec, 2013 |
| Listed on | Thu, Dec 19, 2013 |
| Face Value | ₹10 per share |
| Price Band | ₹85 to ₹90 |
| Issue Price | ₹90 per share |
| Lot Size | 150 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 4.50 per share |
| Employee Discount | ₹4.50 |
| Total Issue Size | 78,70,53,309 shares (agg. up to ₹6,959 Cr) |
| Fresh Issue | 60,18,64,295 shares (agg. up to ₹5,321 Cr) |
| Offer for Sale | 18,51,89,014 shares of ₹10 (agg. up to ₹1,637 Cr) |
| Share Holding Pre Issue | 4,62,97,25,353 shares |
| Share Holding Post Issue | 5,23,15,89,648 shares |
| BSE Script Code / NSE Symbol | 532898 / POWERGRID |
| ISIN | INE752E01010 |
PGCIL FPO comprises a total issue size of 78,70,53,309 shares. The net offer to the public is 78,40,53,309 shares, after excluding 30,00,000 shares under a preferential allotment. Of the Net offer 39,20,26,655 (50.00%) are allocated to QIB, 11,76,07,996 (15.00%) allocated to NII 27,44,18,658 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 39,20,26,655 | 50.00% | 49.81% | NA |
| NII (HNI) Shares Offered | 11,76,07,996 | 15.00% | 14.94% | NA |
| Retail Shares Offered | 27,44,18,658 | 35.00% | 34.87% | 18,29,457 |
| Preferential Reservations | ||||
| Employee Shares Offered | 30,00,000 | 0.38% | NA | |
| Total Shares Offered | 78,70,53,309 | 100.00% | 100.00% | |
Investors can bid for a minimum of 150 shares and in multiples thereof.
| 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 |
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fund expenditure to meet the capital requirements for the implementation of the Identified Projects | 4,600.00 |
| 2 | Fund expenditure for general corporate purposes | 688.54 |
| Total | 5,288.54 |
| KPI | |
|---|---|
| RoNW | 16.15% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 86.36% |
| Market Cap | ₹47,084.31 Cr. |
The Power Grid FPO 2 is subscribed 6.74 times on December 6, 2013 5:00:00 PM (Day 4). The public issue subscribed 2.17 times in the retail category, 9.09 times in the QIB category, and 9.7 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 9.09 | 39,20,26,655 | |
| NII | 9.7 | 11,76,07,996 | |
| Retail | 2.17 | 27,44,18,658 | |
| Employee | 1.31 | 30,00,000 | |
| Total | 6.74 | 78,70,53,309 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Managers | 17.78 |
| 2 | Advertising and marketing expenses | 8.72 |
| 3 | Fees payable to the Registrar | |
| 4 | Underwriting commission, fees payable to the Bankers to the Offer, brokerage and selling commission payable to the members of the Syndicate, brokerage and selling commission payable to Registered Brokers as applicable | 9.37 |
| 5 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate and Registered Brokers and submitted with the SCSBs | 0.49 |
| 6 | Others (legal fees, listing fees etc.) | 3.14 |
| Total | 39.50 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹90.00 | ₹90.00 |
| Open | ₹97.10 | ₹97.50 |
| Low | ₹96.15 | ₹96.25 |
| High | ₹101.00 | ₹101.00 |
| Last Trade | ₹99.25 | ₹99.25 |
PGCIL FPO is a main-board FPO of 78,70,53,309 equity shares of the face value of ₹10 aggregating up to ₹6,959 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 150.
The FPO opens on Tue, Dec 3, 2013, and closes on Fri, Dec 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 Tue, Dec 3, 2013 and closes on Fri, Dec 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 Thu, Dec 19, 2013.
