Power Grid Corporation IPO Allotment and Oversubscription details

The initial public offer of Power Grid Corporation of India, government power transmission company, has been subscribed by 65 times.

Qualified Institutional Buyers Category has been susbcribed by an whopping amount of 115.9 times. High Networth Individual (HNI) category has been subscribed by 40 times.

As for the Retail Investors category in which we all of us are very much interested
has been subscribed by 6.76 times. With the QIB’s subscribing heavily the Powergrid Corp IPO will have very good listing gains and the allotment of Power Grid Corporation IPO will be very less compared to the Allotment of Kaveri Seed Company and Dhanush Technologies IPO Allotment.

The equity shares of Power grid IPO are proposed to be listed on the BSE and NSE stock Exchanges. The book running lead managers to the Issue are: Kotak Mahindra Capital Company Limited, Citigroup Global Markets India Private Limited and Enam Securities Private Limited.

For further updates on Power Grid Corporation IPO Allotment and
listing dates do check this blog regularly.