Power Grid IPO Subscription Details

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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