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Power Grid IPO Subscription Details

September 13, 2007

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.

Questions and Comments are welcome – feedback @ dalalstreet.biz

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