India's biggest inter-state transmission company Power Grid Corp's follow-on public offer subscribed 14.88 times.
The issue has received bids for 1252.96 crore equity shares as against an issue size of 84,17,68,246 shares.
Category No. of times Subscribed
Qualified Institutional Buyers (QIBs) 18.52
Non Institutional Investors 28.86
Retail Individual Investors (RIIs) 3.85
Employee Reservation 1.11
The price band was set at Rs 85-90 per share. Retail investors and employees will get equity shares at 5% discount to the final issue price.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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