The follow-on-public offer (FPO) of Power Grid Corporation was subscribed 1.06 times on the second day on Wednesday.

For the 78.70 crore shares offered for sale, the total number of bids received was 83.34 crore at close on Wednesday. The number of bids at the cut off price was 3.91 crore, as per data available on bourses.

The issue is open till December 5 for institutional buyers and for retail investors it will close a day later on December 6.