Subject: IPO Bidding - Power Grid Corporation FPO

Hello Friend,

Power Grid Corporation FPO subscribed 1.08 times on its day 1. Power Grid FPO opens today on Nov 09, 2010 and will close on Nov 12, 2010 for subscription. Power Grid has received bids for 90,53,97,675 shares as against issue size of 84,17,68,246 shares.

Oversubscription detail for Day 1

Qualified Institutional Buyers (QIBs): 2.09 Times

Non Institutional Investors: 0.09 Times

Retail Individual Investors (RIIs): 0.06 Times

Employee: 0.02 Times

Total: 1.08 Times

Click on the below link for detail info about Power Grid Corporation FPO

Good Luck Team