PTC India Financial (PFS) IPO : Finally Subscribed 1.70 times

by khalid on 18/03/2011 · 0 comments

The IPO of PTC India Financial (PFS) has finally fully subscribed with the help of Qualified Institutional Buyers (QIBs) and Retail Individual Investors on the final day of subscription. The final subscription figure reached to 1.70 times on an overall basis. PTC India Financial (PFS) IPO is open on 16th Mar 2011 and will get closed on 18th Mar 2011 for subscription. The IPO has managed to get some better response from Qualified Institutional Buyers (QIBs) Category where it overbid by 2.85 times on the final day of subscription. The price band for the issue is Rs 26 at lower level and Rs 28 at upper level. 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 category-wise subscription status of IPO on the final day of subscription is given below:-

Qualified Institutional Buyers (QIBs) : 2.85 times
Non Institutional Investors : 0.22 times
Retail Individual Investors : 1.18 times
Overall : 1.70 times

The equity shares offered through the IPO 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 Almondz Global Securities Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and SBI Capital Markets Limited.

Registrar of the Issue : Karvy Computershare Private Limited Hyderabad.

Stay tuned to BelltheBull Blog for more news on PTC India Financial Services Limited (PFS) IPO !

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