PTC India Financial (PFS) IPO : Settled at 11.07% discount on debut

by khalid on 30/03/2011 · 1 comment

PTC India Financial (PFS) Limited shares got debuted at Rs 26.75, a just 4.12% discount over its initial public offering (IPO) price of Rs 28.00 on the National Stock Exchange (NSE). At the end of the day, shares price was Rs 24.90 which is a discount of 11.07% over the issue price of Rs 28.00. The stock hit a high of Rs. 27.00, and low of Rs. 23.50 on the listing day 30th Mar 2011. A total of 36,735,853 shares changed hands on the NSE. 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.

Listing day Summary :-
Listing Date: 30th March 2011
BSE Scrip Code : 533344
NSE Symbol : PFS
Listing In : ‘B’ Group of Securities
ISIN : INE560K01014
Issue Price : Rs. 28.00 Per Equity Share
Face Value : Rs. 10.00 Per Equity Share

On the NSE:-
Issue Price: Rs. 28.00
Open : 26.75
High : 27.00
Low : 23.50
Close : 24.90
Day Volume : 36,735,853 Shares

PTC India Financial (PFS) Limited has raised Rs 438.76 crore through an initial public offering of 156,700,000 equity shares.

Stay tuned to BelltheBullBlog for more news on PTC India Financial (PFS) IPO !

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