PTC India Financial Services (PFS) has informed the share market (BSE/NSE) that they have planning to enter capital markets with its initial public offering (IPO) of 156,700,000 equity shares of Rs 10 each for cash constituting Rs 438.76 crore. The company has filed a Draft Red Herring Prospectus (DRHP) on 22nd Dec 2011 with market regulator Securities and Exchange Board of India (SEBI). The premium to be decided via 100% book building process. PTC India Financial Services (PFS) is a subsidiary of PTC India. The company was established in 2008-09 for providing equity support to power projects in the country, the company also invests in renewable energy projects including wind farms and biomass projects.
The Equity Shares are proposed to be listed on the Bombay Stock Exchange Limited (BSE) and the National Stock Exchange of India Limited (NSE).
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