Power Grid IPO Date 2021

If you are looking for applying to the Power Grid IPO, then it is very important to keep an eye on the Power Grid IPO date 2021.

If you are confused in this regard, then here is a little piece of information with the important dates of the IPO.

But before checking the dates, let’s have a quick sneak peek at the background of the firm that will help you in deciding whether investing in the Power Grid IPO will be reliable and safe or not.

Let’s begin!

Power Grid Corporation of India Limited (PGCIL) is operating in the power sector and was established in 1989. Further, it is a large-cap company that is having a market capitalization of Rs. 97202.94 Crore.

Power Grid on January 27th, 2021, has filed the draft offer with SEBI of its InvIT that is the Infrastructure Investment Trust, of nearly Rs. 8,000 crore for an IPO.

This was the necessary information for the IPO. Now, let’s have a look at the Power Grid IPO date 2021 since there have been IPOs of this company in the past.

Power Grid IPO Date Details

Every IPO has a list of events that are important to the individuals who wish to invest in it. These dates start from the day the IPO is announced to be released via newspapers and it concludes when the IPO shares get listed on the designated stock exchanges for general trading.

So, without taking more time, let us list all these important dates. They are discussed below.

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Power Grid IPO Issue Date

The journey of an IPO starts with the announcement of opening dates and closing dates. Further, the anchor investments open for a day and it is important.

Below are the issue dates for this IPO:

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Power Grid IPO Allotment Date

The next step in this journey is the allotment of shares, refund process, and credit of IPO shares in the respective demat accounts. There are other things such as the Power Grid IPO Price that you would want to know about this IPO too.

However, let’s stick to the topic for now.

The dates for these have been tabulated below:

 

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Power Grid IPO Listing Date

The shares of the Power Grid will get listed in NSE and BSE and the shares can be purchased from the secondary market by opening an account with any of the best stockbrokers. This is the last day of the IPO journey.

The Power Grid IPO shares will be listed on (●).

Now that you know all about Power Grid IPO date 2021, you must be looking for the application process, right?

Read along!

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How To Apply For Power Grid IPO

Here is the answer to your question – How to apply for Power Grid IPO?

The first requirement for applying is to have an active demat account with a depository participant or stockbroker.

With that settled, you can choose to apply offline or online. If you choose the online method, you have two options – ASBA and UPI.

If you choose the former, you have to apply from your net banking portal and for the latter, you have to apply through your trading platform.

Contrarily, if you want to apply offline, you have to visit the nearest branch of your bank and submit the application in person.

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Conclusion

Power Grid Corporation of India Limited is a PSU and is titled as a Maharatna by the Central Public Enterprise. Post this, Power Grid will become the first IPO of an InvIT of a state-owned firm.

When an already listed company brings IPO, it becomes a little easier for the retail investors to compare and also know the expectations from it. It is due to the past data available in the public domain.

Further, the listed shares help them in setting an expectation for the upcoming shares. Thus, before you make a decision on it, make sure to analyze the financials and various other aspects.

We hope that we have answered your query regarding Power Grid IPO date 2021.

Good luck and happy Trading!

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Want to apply for Power Grid IPO. Refer to the form below:

 

Know more on Upcoming IPO Price: