Adding to the big advantage of low price, the company is offering a 5 per cent discount for retail investors and employees.
Bids for India's biggest inter-state transmission company FPO can be made for a minimum of 65 equity shares and in multiple of 65 shares thereafter.
The price band of the state-run company's issue has made it a very attractive offer for those looking to invest.
The issue closes on Nov 11 for qualified institutional buyers. For non-institutional and retail investors, the last day would be Nov 12.