Power Grid FPO is set at Rs. 90 and retail investors get a 5% discount on that making the price Rs. 85.5. Shares will be listed at exchange on November 23, 2010. Currently, it is trading at Rs.100 and investors can make Rs.10-Rs.15 per share right after listing.
Power Grid FPO allotment status can be checked on its registrar, Karvy’s website at http://mis.karvycomputershare.com/ipo/. Click the dropdown menu and select “Power Grid FPO.” You can check the status either with Application Number or Client ID.
With 3.85 times of over subscription in retail segment, it is assumed that the retail investors will get shares in 1:3 ratio.
