FPO POWER GRID Status of Allotment & Listing
Power Grid Corporation.from the Government of Stable has fixed an issue price at Rs 90 a share with a 5% discount to retail investors @ Rs 85.50.
Keeping in view the oversubscription of the Power Grid issue, marketmen believe shares will be alloted in the ratio of 1for every 4 for retail investors. The retail portion was oversubscribed by 3.85 times.
The registrar for Power Grid FPO – Karvy Computershare Pvt Ltd is yet to update the allotment database with the details of allotment, which is expected shortly Please see this column for your allotment in the FPO of Power Grid Corporation.
Power Grid FPO Listing
The shares allotted under the FPO can be traded on the BSE and NSE from November 23rd as per reliable sources. Hence the investors demat account will be credited with the allotted shares on 22 or 21 November and the refunds are expected to be credited by ECS to the bank accounts for those retail investors who have applied online.
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