Power Grid IPO Allotment Update

Power Grid IPO has been subscribed 65 times till 8:00 PM which is very good considering the issue size. However the good news for retailers is that the retail part has been subscribed around 6 times at the cut off price till 8:00 PM and considering price bids which are valid the retail part should be subscribed 7.5 times. This is very good because the allotment will be more and since overall subscription is more, FII need to buy in secondary market which means good listing price and so good gains for retail investors. :)

The approx allotment could be as follows.

For those who applied for 1875 Shares. Firm Allotment of around 250 shares.

For those who applied for 1750 Shares. Firm allotment of around 233 shares.

For those who applied for 1625 Shares. Firm allotment of around 216 shares.

For those who applied for 1500 shares. Firm allotment of around 200 shares.

For those who applied for 1375 shares. Firm allotment of around 183 shares.

For those who applied for 1250 shares. Firm allotment of around 166 Shares.

For those who applied for 1125 shares. Firm allotment of around 150 Shares.

For those who applied for 1000 shares. Firm allotment of around 133 shares.

For those who applied for 875 Shares. Chances of allotment are 92% which is close to firm allotment. Shares alloted will be 125.

For those who applied for 750 Shares.Allotment Chances are 80% ie 4 out 5 applicants will get allotmentment of 125 shares.

For those who applied for 625 shares Chances are 66.66% ie 2 out of 3 applicants will get allotment of 125 shares.

For those who applied for 500 Shares. Allotment chances are 50% approx. Shares alloted will be 125.

For those who applied for 375 Shares. Allotment chances are 37.5% approx. Shares alloted will be 125.

For those who applied for 250 Shares. Allotment Chances will be 25%. ( 1 in every 4 applicant s will get allotment) Shares alloted will be 125.

For those who applied for 125 Shares. Allotment Chances will be 12.5% or 1 in every 8 applicants will get allotment. Shares Alloted will be 125.

Note that in all cases till 750 shares, allotment is the minimum market lot of 125 shares but the more shares one applies the more chances of getting allotment.

These are approx numbers I have given on assumption of 7.5 times subscription for retail part. The actual numbers could vary slightly depending on the exact subscription.

Good Luck to all those who applied for this IPO.!!!!!!!