The IPO of PTC India Financial (PFS) has received a very little response from the investors with the 1st day over-subscription figure reached to just 0.02 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 response from Retail Individual Investors Category where it overbid by 0.05 times on the 1st 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 closing of 1st day is given below:-
Qualified Institutional Buyers (QIBs) : 0.00 times
Non Institutional Investors : 0.00 times
Retail Individual Investors : 0.05 times
Overall : 0.02 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.
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