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Power Grid IPO Allotment and Refund – Power Grid – ONLINE your Power Grid Allotment

Updated: Category: Share Market
Author: Member Level: SilverPoints: 3

This article describes about the power grid IPO allotment and refund of Power Grid. Check how to find online Power Grid allotment and about retail investors and power grid listing.

Power Grid IPO Allotment and Refund – Power Grid – ONLINE your Power Grid Allotment

Power Grid fpo, Allotment Status – Retail investors, Power Grid Listing November23, . Status Allotment Refund , FPO Power Grid Shares Listing November 23

The Power Grid FPO issue which was fixed at 85.50 for retailers was oversubscribed 3.85 times. It is expected that the demat of the investors will be credited with the shares allotted on November 23,with the listing of FPO Power Grid shares taking place on the same day. Hence the newly allotted shares in the FPO can be traded on the BSE and NSE from the date of listing 23. November , 2010.

However according to market news the investors might get their Power Grid shares credited to the demat accounts before 23rd November 2010
The company had issued the shares at Rs 90 a share, at the higher band with retail investors and employees getting the shares in allotment at Rs 85.5, a 5% discount to the upper band issue price. Check this link for Allotment and Refund

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