Power Grid IPO oversubscribed 9.24 times

By CROW -

Power Grid Corporation of India (Power Grid)

Based in New Delhi received 9.24 times over subscription for its initial public offer (IPO) till 4 p.m., on the third day, Sep. 12, 2007. The IPO received 5,303,495,250 bids as against the issue size of 573,932,895 shares. A total of 178,369,375 bids were received at cut off price.

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