IPO Allotment – Power Grid – Watch your Power Grid Allotment Online
FPO Power Grid, Status Allotment – Retail investors, Power Grid Grid Listing on 23 November. Allotment Status, Listing of FPO Power Grid Shares
The Power Grid FPO which closed on November 14 2010. The issue which was fixed at 85.50 for retailers was oversubscribed 3.85 times. While the demat of the investors will be credited with the shares allotted on November 23, the listing of FPO Power Grid shares will take place on November 23, 2010.
Hence the newly allotted shares in the FPO can be traded on the BSE and NSE fom November 23rd onwards.
According to the prediction of few analysts the investors might get their Power Grid shares credited to the demat accounts with in 23rd November.
The company has issued the shares at Rs 90 a share, at higher end of price band of Rs 85-90. However, retail investors and employees will get shares in allotment at Rs 85.5, a 5% discount to the upper band issue price of your allotment inPower Grid FPO Allotment and Refund.
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To know about the status check here: http://220.127.116.11/ipo/