Power Grid IPO : Power Grid IPO listing expected at Rs 65

Power Grid Corporation IPO which has recieved a tremendous response from the investors is all expected to list around Rs 65. Market Analysts are in a view that Power Grid Corporation is a NTPC kind of stock which would deliver good and steady returns over a period of time. Power Sector is the hottest in the Indian stock markets today and every one wants to be invested in the sector.

Based on the Power Grid (PGCIL) IPO issue price of Rs 52, one can easily expect an return of about 20 - 25%. If the Global markets stay steady and the Market breadth of Indian Stock markets is positive one can even expecte more than Rs 65 on listing.

Grey Market Premium of Power Grid IPO is also indicating  a premium of Rs 16 - 18. Hope Power Grid IPO lists at Rs 65 and gives a handy return to the investors.

For more information regarding Power Grid IPO Allotment and listing dates do check this blog regularly.