Power Finance Corporation FPO : Sets IPO Price at upper end Rs 203

by khalid on 16/05/2011 · 0 comments

State-owned Power Finance Corporation Limited FPO which was in market between 10th May 2011 to 13th May 2011. The company has sets the issue price at Rs 203 per equity share, upper end of the price band of Rs 193- Rs 203 a share for its further public offering (FPO). The FPO was oversubscribed 4.3 times on its final day of subscription. Retail investors and eligible employees will get a further 5% discount on the issue price.

IPO Detail:-
IPO Open : 10th May 2011 – 13th May 2011
IPO Type : 100% Book Built Issue IPO
IPO Size : 229,553,340 Equity Shares of Rs 10 each
IPO Size : Rs 4,430.38 – Rs 4,659.93 Crore
Face Value : Rs 10 Per Equity Share
IPO Price Band : Rs 193 – Rs. 203 Per Equity Share
Minimum Bid Quantity : Shares (Rs with 1 Lot) @ upper level of price band
Maximum Bid Quantity : Shares (Rs with Lots ) @ upper level of price band
Listing At : BSE, 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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