Gets bids for 83.34 crore shares The follow-on public offer (FPO) of state-run Power Grid Corporation of India (PGCIL) was subscribed 1.06 times by the end of the second day of the bidding for the FPO today, 4 December 2013. The FPO received bids for a total 83.34 crore shares by the end of the second day of the bidding for the issue, compared with 78.70 crore shares on offer, as per NSE data. The FPO closes tomorrow, 5 December 2013, for institutional investors and on Friday, 6 December 2013, for retail investors and employees of the company. The price band for the FPO has been set at Rs 85 to Rs 90 per share. A discount of Rs 4.50 per share on the final issue price discovered through the book-building route will be available to retail investors and eligible employees of the company.