Power Finance Corporation FPO : Listing on 27th May 2011

by khalid on 27/05/2011 · 0 comments

Power Finance Corporation Limited has informed the share market (BSE/NSE) that the shares of its recent FPO will list on 27th May 2011. The FPO was open between 10th May 2011 to 13th May 2011. The price band was Rs 193 to Rs 203 and the Issue Price was fixed at upper level of the price band, Rs 203 per equity share. The company had entered into primary market with an Follow-on Public Offer (FPO) of Rs 4,659.93 Crore. State run Navratna PSU Power Finance Corporation Limited (PFC) is an Indian financial institution. It is the financial back bone of Indian Power Sector.

IPO Listing Detail :-
Listing Date: 27th May 2011
BSE Scrip Code : 532810
NSE Symbol : PFC
Listing In : ‘A’ Group of Securities
ISIN : INE134E01011
Issue Price : Rs. 203.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

The proceeds of the FPO are proposed to be utilized to finance both existing loans, as well as future lending activities.

The equity shares offered through the FPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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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