Power Finance Corporation FPO : Settled at 1.72% discount on debut

by khalid on 28/05/2011 · 0 comments

Power Finance Corporation Limited’s shares got debuted at Rs 196.00, a 3.24% discount over its follow-on public offering (FPO) price of Rs 203.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 199.50 which is a premium of 1.72% over the issue price of Rs 203.00. The stock hit a high of Rs 200.70 and a low of Rs 191.50 on the listing day. A total of 34,397,028 shares changed hands on the NSE. State run Navratna PSU Power Finance Corporation Limited (PFC) is an Indian financial institution. It is the financial back bone of Indian Power Sector.

Listing day Summary :-
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

On the NSE:-
Issue Price: Rs. 203.00
Open : 196.00
High : 200.70
Low : 191.50
Close : 199.50
Last Trade : 199.50

Power Finance Corporation Limited has raised Rs 4,659.93 crore through a follow-on public offering (FPO) of 229,553,340 equity shares.

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

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