Power Finance Corporation FPO : Sets it’s price band

by khalid on 07/05/2011 · 0 comments

State-owned Power Finance Corporation Limited (PFC) IPO which is slated to come out with its IPO starting on 10th May 2011. The company has come out with the price band of its IPO today and fixed it at Rs 193 – Rs 203 per equity share. The company will issue 229,553,340 equity shares of Rs 10 each in the primary market.

The company has also decided to discount of 5% on the issue price to retail individual bidders and eligible employees who apply for allotment of shares out of the quota reserved for them.

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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