Power Grid IPO has set a new record in the Indian Capital Market Today. Here is the final tally as received by Fax just minutes ago,
|Sr.No.||Category||No.of shares offered/reserved||No. of shares bid for||No. of times of total meant for the category|
|1||Qualified Institutional Buyers (QIBs)||279977448||32450251125||115.9031|
|2||Non Institutional Investors||83993234||3388392500||40.3413|
|3||Retail Individual Investors (RIIs)||195984213||1326381375||6.7678|
All Retail applications for 1875 shares @ Rs 52 each will be allotted 288 shares. Congratulations!!! The Grey Market Premium has moved up to Rs 12 today. We suggest Investors to HOLD for Long Term.
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