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Power Finance Corporation Ltd - IPO

Issue Type

Book Building

Issue Size (₹ Cr.)

4,578.20 cr

Price Range (₹)

203

Lot Size

28

Min Investment (₹)

5,684.00

Listing Exchange

MumbaiNSE

Open Date

10-May-2011

Close Date

13-May-2011

Listing Date

27-May-2011

Latest IPO News

    The Shares of Power Finance Corporation Ltd have now been listed.

    Power Finance Corporation Ltd IPO Details

    Further public issue of 229,553,340 equity shares of face value of Rs. 10 each (Equity Shares) of Power Finance Corporation Limited (Power Finance, The Company or The Issuer) for cash at a price of Rs. 203 per equity share (including a share premium of Rs. 193 per equity share) aggregating Rs. 4578.20 crores (The Issue). The issue comprises a fresh issue of 172,165,005 equity shares by the company (The Fresh Issue) and an offer for sale of 57,388,335 equity shares by The President of India acting through the Ministry of Power, Government of India (The Selling Shareholders)(The Offer for Sale). The issue comprises a net issue to the public of 229,277,876 equity shares (TheNet Issue) and a reservation of not more than 275,464 equity shares for subscription by eligible employees (The Employee Reservation Portion). The issue would constitute 17.39% of the post issue paid-up equity capital of the company and the net issue would constitute 17.37% of the post issue paid-up equity capital of the company.Issue price: Rs. 203 per equity share of face value of Rs. 10 eachThe issue price is 20.30 times of the face value.

    Objective of issue

    To Meet Future Cap. requirements/Gen. Corp.Purpose.

    Power Finance Corporation Ltd Contact Details

    Power Finance Corporation Ltd, Plot No 17-24, Vittal Rao Nagar, Madhapur, Hyderabad-500081

    Phone - 91-040-44655185/44655000

    Fax - 91-040-23420814/23420857

    Email - investorsgrievance@pfcindia.com

    Website - www.pfcindia.com