The issue will open for subscription, tomorrow i.e. 09-Nov-10 and will close on 12-Nov-10. The Company aims to raise Rs 7575 crore through the divestment of 420,884,123 Equity Shares of Rs 10 each in order to meet the capital requirements for the implementation of its transmission projects.
It has set the price band of Rs 85 - Rs 90 for an equity share of the face value of Rs 10. It has a market lot of a minimum of 65 shares and its multiple thereof.
Profile of the Company:
Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. The company is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of Indias interstate and inter-regional electric power transmission system and carries electric power across India.
It has 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.
Whether to invest or not:
It's a good investment for listing gain or otherwise as the current price of the share is around Rs 98 and if you are getting it at the upper band i.e. at Rs 90, even that is not bad.
P.S: Kindly do your research before investing.
Cheers!!
It has set the price band of Rs 85 - Rs 90 for an equity share of the face value of Rs 10. It has a market lot of a minimum of 65 shares and its multiple thereof.
Profile of the Company:
Power Grid Corporation of India Limited (PGCIL) is Indian government owned, public sector enterprise. The company is in the business of transmission of electric power in India. It owns and operates a large network of transmission lines and infrastructure that constitutes most of Indias interstate and inter-regional electric power transmission system and carries electric power across India.
It has 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.
Whether to invest or not:
It's a good investment for listing gain or otherwise as the current price of the share is around Rs 98 and if you are getting it at the upper band i.e. at Rs 90, even that is not bad.
P.S: Kindly do your research before investing.
Cheers!!