Archive for the ‘Equity Shares’ Category


Power Grid corporation will be listing its FPO at the exchanges on the 23rd of November. These are one of the most awaited listings in the shares market, especially after the openings of the Coal India. The demand of these shares were such that they were subscribed 14.88 times. The issue price of the shares has been fixed at 90 a share, which was the higher end of the price brand of 85-90 the organization had quoted. These shares are the second of the 10 IPO/FPO the government has planned to open in this financial year.

I have found some more information on this here:

“India’s biggest inter-state transmission firm, Power Grid Corporation, will list its equity shares, issued recently via follow-on public offer (FPO), on exchanges on November 23, 2010 informed its chairman and managing director, S K Chaturvedi in an exlusive interview to CNBC Awaaz. Power Grid will raise around USD 1.7 billion through this issue. Date for the basis of allotment is yet to be decided.

The company has fixed an issue price 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 issue price.

According to him, the response from company’s employees to the issue was very energetic along with other investors. Reserved portion of employees in Power Grid FPO was subscribed 1.11 times while in Coal India, employees’ portion was subscribed just 10%.

Chaturvedi believes that the company’s strong planning of grid capacity expansion was the reason that investors believe in strongly while subscribing. Foreign, non-institutional and retail investors showed strong response to the issue; their portion subscribed 18.52 times, 28.86 times and 3.85 times, respectively. Overall the issue was subscribed 14.88 times.”


Coal India Ltd. will be listing itself at the exchanges on the 4th of November. These are one of the most awaited listings in the shares market. The demand of these shares were such that they were subscribed 15.28 times. Finally they were given at the ratio of 1:2. That is if a person had subscribed for 200 shares, he was allotted 100 shares. The issue price of the shares has been fixed at 245 a share, which was the higher end of the price brand of 225-245 the organization had quoted. The prediction is such that the sensex would cross 21000 this diwali, which would lead up the value of Coal India to 350 a share.

I have found some more information on this here:

“Equity shares of much-awaited Coal India (CIL) initial public offering (IPO) will be listing on exchanges on November 4, 2010.

The issue price of India’s largest IPO has been fixed at Rs 245 a share, at higher end of price band of Rs 225-245. The company has raised more than Rs 15,100 crore through IPO by issuing 63.16 crore equity shares.

Coal India to list shares on November 4

It was subscribed 15.28 times, including major contribution from qualified institutional buyers (QIBs) followed by non-institutional investors (NIIs) and retail investors. The reserved portion of QIBs was subscribed 24.7 times, non-institutional investors 25.4 times and retail 2.31 times while employees’ portion was subscribed just 0.1 time.

All issue proceeds received by the selling shareholder (government of India). The government’s stake reduced to 89.99% post the issue. The offer constituted 10% of the post offer paid-up equity share capital of company. ”