Power Grid Corporation of India Ltd is coming up with a further Public Offer (FPO) of its shares between 3 Dec 2013 to 6 Dec 2013. The price band of issue is Rs. 85 to Rs. 90 per equity Share (Discount for Retail Investor is Rs. 4.50 ).
Allotment on First come First Serve Basis
[wptabs style=”wpui-blue” mode=”horizontal”] [wptabtitle] Company Profile[/wptabtitle] [wptabcontent]
About Company
Power Grid is India’s principal electric power transmission company with almost 25 years of existence. As on Sep 2013 company owned and operated more than 90% of india’s ISTS which, inter-alia, includes interregional transmission links.
On a consolidated basis, company’s gross asset, revenues and net profits have grown from Rs. 35,205.6 million, Rs. 6,340.60 million and Rs. 2,366.10 million respectively in Fiscal 1993 to Rs. 823,264.4 million, Rs. 137,271.20 million and Rs. 43,126.10 million respectively in Fiscal 2013.
Conferred the status of “Navratna” by GoI in May 2008. Received the highest annual performance rating of “Excellent” from the GoI in each year since Fiscal 1994.
As at Sep. 30, 2013, were engaged in providing consultancy service to client in over 116 domestic and 20 international projects.
Financial Analysis :
- Total Income has grown at CAGR of 17.26% since 2009
- EDITDA has grown at CAGR of 18.36% since 2009.
- PAT has grown at CAGR of 20.16% since 2009.
- EPS has grown from 3.81 in 2009 to 8.70 in 2013
Key Strengths
- Leadership position in Indian Power transmission sector.
- High operational efficiencies.
- Effective project implementation.
- Attractive tariffs and networks, competitive landscape and business model.
- Government support
- Growing business portfolio.
- Strong financial position and cash flow from operations.
- Skilled and experienced senior management team and competent and committed workforce
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[wptabtitle] Issue Details[/wptabtitle] [wptabcontent]
| Issue Open | 3 Dec 2013 |
| Issue Close | 6 Dec 2013 |
| Issue Size | 787053309 Equity Shares (6689.95 Cr to 7083.48 Cr) |
| Price Band | Rs. 85 - Rs. 90 (Rs 4.50 discount for Retail Investor & Employee) |
| Bid Lot | 150 Equity Shares |
| Cheque in Favour of (Retail Investor) | Escrow Account - PGCIL Public Offer - R |
| Registrar of Issue | Karvy Computershare |
| IPO Grade |
| No. of Shares | Price per Share | Cheque Amount (Rs) |
|---|---|---|
| No. of Shares | Price per Share | Cheque Amount (Rs) |
| 150 | 85.5 | 12825 |
| 300 | 85.5 | 25650 |
| 450 | 85.5 | 38475 |
| 600 | 85.5 | 51300 |
| 750 | 85.5 | 64125 |
| 900 | 85.5 | 7950 |
| 1050 | 85.5 | 89775 |
| 1200 | 85.5 | 102600 |
| 1350 | 85.5 | 115425 |
| 1500 | 85.5 | 128250 |
| 1650 | 85.5 | 141075 |
| 1800 | 85.5 | 153900 |
| 1950 | 85.5 | 166725 |
| 2100 | 85.5 | 179550 |
| 2250 | 85.5 | 192375 |
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[wptabtitle] Subscription Details[/wptabtitle] [wptabcontent]
Subscription Data forDate Figure In Cr. Cat 1 Cat 2 Cat 3 Cat 4 Total Issue Size 392026655 117607996 274418658 3000000 787053309 5 Dec Subscribe 3562316850 14350800 179279700 1444950 3757392300 No of times 9.09 0.12 0.65 0.48 4.77 4 Dec Subscribe 789532050 200250 43262100 498000 833492400 No of times 2.01 0.00 0.16 0.17 1.06 3 Dec Subscribe 534867600 47250 8667100 48000 543229950 No of Times 1.36 0.00 0.03 0.02 0.69
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[wptabtitle] Allotment Listing[/wptabtitle] [wptabcontent]
Registrar of Issue : KarvyComputershare
Listing : NSE & BSE
Basis of Allotment Ratio of NTPC Tax Free Bonds. Credit of bonds has happened yesterday and refunds are going today.
| Category | Applied | Allotment | % Allotment |
| QIB | 4230000 | 1750000 | 41.37 |
| Corporate | 13816550 | 4375000 | 31.66 |
| HNI | 7791768 | 4375000 | 56.15 |
| Ind (1st Day) | 6720204 | 6720204 | 100.00 |
| Ind (2nd Day) | 2044416 | 279796 | 13.69 |
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