IPO - Initial Public Offers - Power Finance Corporation Ltd (PFC) FPO - May 13 FY11 in IPO's & MF's - Issue Price: Rs. 193 - Rs. 203 Allotment Status: http://mis.karvycomputershare.com/ipo/ Issue Detail: Issue Open: May 10, 2011 - May ...
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Power Finance Corporation Ltd (PFC) FPO - May 13 FY11

  1. Power Finance Corporation Ltd (PFC) FPO - May 13 FY11

    Issue Price: Rs. 193 - Rs. 203


    Allotment Status: http://mis.karvycomputershare.com/ipo/

    Issue Detail:
    Issue Open: May 10, 2011 - May 13, 2011
    Issue Type: 100% Book Built Issue FPO
    Issue Size: 229,553,340 Equity Shares of Rs. 10
    Face Value: Rs. 10 Per Equity Share

    5% Discount for Retail Bidders and Eligible Employees
    The promoter of PFC, Government of India, has offered 5% discount to retail investors and eligible employees in PFC FPO shares. The PFC FPO discount will be applicable on the price fixed for PFC shares through this FPO.

    Bid Details:
    Number of Times Issue is Subscribed (BSE + NSE)
    As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
    Shares Offered / Reserved 114,638,937  34,391,682  80,247,257  275,464  229,553,340 
     Day 1 - May 10, 2011 17:00 IST 0.1700 0.0000 0.0200 0.0000 0.0900 
     Day 2 - May 11, 2011 17:00 IST 0.3200 0.0000 0.1000 0.0000 0.2000 
     Day 3 - May 12, 2011 17:00 IST 6.9200 0.0100 0.3400 0.1500 3.5800 
     Day 4 - May 13, 2011 20:00 IST 6.9200 1.2000 2.0000 0.9100 4.3400 


    Incorporated in 1986 by Government of India, Power Finance Corporation ltd is India based Financial Institution (Non Banking Financial Company) providing funding to Power Sector projects. The company has status of Nav-Ratna PSU by Government of India.

    PFC provides large range of Financial Products and Services including Project Term Loan, Lease Financing, Direct Discounting of Bills, Short Term Loan, Consultancy Services etc. for various Power projects in Generation, Transmission, and Distribution sector as well as for Renovation & Modernization of existing power projects.

    Objects of the Issue:
    The objects of the issue are:
    • Augment capital base to ensure compliance with requisite capital adequacy norms and to meet future capital requirements arising out of growth in business; and
    • General corporate purposes.









  2. I have applied for 224 shares @ cut off price 203. Cheers !

    Must apply. Bid closes at 3 PM in ICICIDirect. Hurry.

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