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 & Time Qualified Institutional Buyers (QIBs) Non Institutional Investors (NIIs) Retail Individual Investors (RIIs) Employee Reservations Total 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.
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