Power Grid FPO subscribed 3.85 times, allotment by 24th


shares of Power Grid have been issued according to a 1:4 ratio.

 Retail Portion subscription of Power Grid FPO had exceeded by 3.85 Times. This is indicative of the fact that the investors who need a minimum of 65 Power Grid Corporation shares will receive a maximum of 18 shares.



Check the online allotment status of your application
http://karisma.karvy.com/karisma/jsp/quickLinks.htm,
http://203.199.177.158/ipo/


The investors might get their Power Grid shares credited to the demat accounts within 24th November.

The orders for refunding through electronic transfer will take place on 25th November.

The banks with NEFT or RTGS enabled accounts can be credited through e-transfer and the remaining will get through cheque sent to the given addresses.




http://topinews.com/mainstream/2010/11/15/power-grid-fpo-subscribed-3-85-times-allotment-by-24th/48359/

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India’s government may sell shares in the nation’s biggest explorer in April, Press Trust of India reported, citing V.P. Gupta, deputy secretary in the department of disinvestment. The shares rose 0.8 percent to 1,348.05 rupees on 11th nov 2010.
http://www.bloomberg.com/news/2010-11-11/essar-oil-dlf-hindalco-united-spirits-shipping-india-equity-preview.html

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The Rs 7,028-7,442 crore follow-on public offer (FPO) of state-run Power Grid Corporation of India was sold out on Tuesday, Day One of the issue, with institutions bidding for the shares. The issue was subscribed 1.08 times, according to the National Stock Exchange (NSE) website though the retail and the HNI quotas saw less than 10 per cent subscription.







This is the best response any FPO has received on the first day in this calendar year. The REC FPO had received 29 per cent subscription on Day One, while NTPC was subscribed to the extent of 77 per cent and NMDC received was subscribed by 17 per cent. Engineers India didn’t receive too much of a response on the first day. “The response received on the first day is an indication that the issue will do well,” said S Vishvanathan, MD and CEO, SBI Capital Markets.







The price of the Power Grid stock, after declining about 4 per cent on Monday, gained 5 per cent on Tuesday to close at Rs 103.25 on the NSE. Interestingly, the counter clocked huge volumes around of 21 million shares (55 per cent of which was market for delivery) compared with the daily average volume of 2.6 million seen in the past one month.



http://www.indianexpress.com/news/PowerGrid-FPO-sold-out-on-Day-I/708868

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Mumbai: Coal India shares surged as much as 39% in their $3.43 billion IPO debut on Thursday as investors snapped up a stock that is a proxy for surging growth and energy demand in Asia’s third-largest economy.




An attractive IPO valuation for India’s dominant coal miner spurred demand from investors who applied for more than 15 times the number of shares on offer in the country’s largest-ever IPO.



The rousing response to the state-controlled firm’s offer sets an upbeat tone for future share sales by a government looking to shed stakes in some 60 companies over the next few years. It also puts pressure on New Delhi to price future offerings at discounts to peers.



“Coal India is a bit expensive now. But, it is drawing a huge premium as it is a likely index candidate,” said Deven Choksey, managing director and CEO of KR Choksey Shares, who said the stock remains attractive for long-term investors.



Coal India shares opened at Rs. 295.70 on the Bombay Stock Exchange (BSE), compared with a Reuters poll forecast for the shares to rise to about Rs. 287 on their first day of trade. The stock rose as high as Rs. 340 for a gain of 38.8% and accounted for more than half the volume traded on India’s two main bourses.

http://www.livemint.com/2010/11/04092955/Coal-India-up-39-on-debut-bo.html

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