Power Finance Corporation FPO : Allotment Staus

by khalid on 13/05/2011 · 0 comments

Power Finance Corporation Limited (PFC) has entered into primary market with a follow-on public offering (FPO) of 229,553,340 Equity Shares of Rs 10 each. The IPO was open on 10th May 2011 and got close for subscription on 13th May 2011. The premium of the issue will be decided through a 100% Book Building Process. The company is likely to raise around Rs 4,659.93 Crore through the issue at the upper level of price band. Power Finance Corporation Limited 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.

Details of different category subscription is as follows……

Total Issue Size : Rs. 4,659.93 Crores
Qualified Institutional Buyers (QIBs) : 6.92 times
Non Institutional Investors : 1.20 times
Retail Individual Investors : 2.00 times
Employee Reservations : 0.91 times
Overall : 4.34 times

Allotment Status of Power Finance Corporation IPO is available at this time. IPO share allotment process usually takes two weeks from the date of issue closing date. It can be seen online in the following link :-
My allotment status

Stay tuned to BelltheBull Blog for more news on Power Finance Corporation FPO !

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