A lot of you have been interested in knowing the price band of the Power Grid FPO, so I thought I’d do a quick post when I saw MSN India report that the Power Grid FPO price band has been fixed at Rs. 85 – 90.
I think this should cheer a lot of people, as I saw a few tweets that showed people will be interested in a price below Rs. 100.
There is of course a 5% discount for retail investors, so that brings down the effective price a bit more. The issue will open on 9th November, and close on 12th November for retail investors.