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PTC India Financial Services IPO - Discount to Retail Category

The price band for the IPO of PTC India Financial Services (PFS), which opened for subscription today, was fixed at Rs.26/- to Rs.28/- per equity share. The Retail Category of Investors would be offered a discount of Re.1/- per share on the final issue price

PTC India Financial Services IPO consists of 156,700,000 Equity Shares Of Rs 10/- Each (including Anchor Portion of 23,505,000 equity shares)

According to the company's website, PTC India Financial Services Ltd (PFS) is promoted by PTC India Ltd (PTC) as a special purpose investment vehicle to provide total financial services to the entities in energy value chain, which inter-alia includes investing in equity and/or extending debt to power projects in generation, transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors etc. PFS also provides non-fund based financial services adding value to green field and brown field projects at various stages of growth and development

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