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Thread: FPO Details - Power Grid Corporation of India Limited

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  1. #1
    Moderator CONFUSED's Avatar
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    Post FPO Details - Power Grid Corporation of India Limited

    Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. PGCIL is in the business of transmission of electric power in India. Power Grid with a network of 150,000 transmission towers in India is planning to grow its telecom business by renting out at least 10-15 percent of its tower infrastructure to the telecom firms in the country.

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    Issue Open: Nov 09, 2010 - Nov 12, 2010

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    Issue Size: 841,768,246 Equity Shares
    Issue Price: Rs. 85 - Rs. 90 Per Equity Share

    Current Price is down
    Change(Rs): -3.35 (-3.28%)

  3. #3
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    Do you feel it's good to invest in the Power Grid's FPO, after today's fall?

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    Quote Originally Posted by ag35 View Post
    Do you feel it's good to invest in the Power Grid's FPO, after today's fall?
    If you buy the FPO at Rs 90, which is the upper band, you will earn 10% and if you invest at Rs. 85, which is lower band, you will earn around 15% at current market price in 15-20 days. It's says all.

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    Does the maximum limit is Rs.100,000/- for retail investors in FPO?
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    Various brokers are giving target of Rs.115/-. Should I go and invest in FPO? Your views!
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