Power Finance Corporation FPO : Basis of Allotment

by khalid on 29/05/2011 · 0 comments

State-owned Power Finance Corporation Limited FPO got oversubscribed by 4.34 times ( 6.92 times in Qualified Institutional Buyers (QIBs) Buyers Category ). The FPO was open on 10th May 2011 and got closed on 13th May 2011. The price band for the issue was Rs 193 at lower level and Rs 203 at upper level. The shares are issued at Rs 203, the upper level of the price band. Retail Individual Investors Category has been subscribed to the extent of 2.00 times. People who had applied for 56 or more shares in the retail segment were given firm allotment of 29 shares or more. People who had applied for the max lot i.e. 980 shares were given 500 shares in retail segment.

Click here for full report of Basis of Allotment.

The Book Running Lead Managers (BRLM) to the offer are DSP Merrill Lynch Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Limited and JM Financial Consultants Private Limited.

Registrar of the Issue : Karvy Computershare Private Limited, Hyderabad.

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

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