• SENSEX 80,737.51
    -636.24 (--0.78%)
  • BANKNIFTY 55,599.95
    -303.45 (--0.54%)

IPO

Explore our secure online trading, IPO bidding, mutual fund investments, and depository services, all designed to provide seamless transactions, expert insights, and real-time market access for smart investing

Power Finance Corporation Ltd

Power Finance Corporation Ltd

    Registered Office : Urjanidhi No 1 Barakhamba Lane,Connaught Place,New Delhi New Delhi 110001 Phone : 91-11-23456000
    Fax : 91-11-23412545

    Email : investorsgrievance@pfcindia.com

    Website : www.pfcindia.com

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 (The"Net 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 each The issue price is 20.30 times of the face value.

Issue

Opens On

Closes On

10-May-2011

13-May-2011

Money Payable On

Application

Allotment

203.00

0.00

Minimum Application for shares in Nos : 28.0 Further Multiples of : 28.0

₹Cr

Lead Managers to the Issue

Project Cost (₹.Cr)

Project Financed through Current Offer (₹.Cr)

Post Issue Equity Share Capital (₹.Cr)

Issue Price (₹.Cr)

0.00

4,578.20

1,319.93

203.00

DSP Merrill Lynch Ltd

Goldman Sachs (India) Securities Pvt Ltd

ICICI Securities Ltd

JM Financial Consultants Pvt Ltd

Projects
  • Augment the capital base & to meet future cap. req
  • General corporate purposes
Promoted By
  • President of India
Listing At
  • BSE
  • NSE
Registrar to the Issue
  • Karvy Computershare Pvt Ltd