PTC India Financial Services (PFS) IPO | PFS IPO to open from Wednesday, March 16, 2011

The IPO of PTC India Financial Services (PFS) Ltd. is scheduled to open from Wednesday, March 16, 2011. The IPO, which would consist of 156,700,000 Equity Shares of Rs.10/- each, has been rated with an IPO Grade 3/5 by credit rating agency CRISIL. The IPO would remain open till Friday, March 18, 2011

PTC India Financial Services Ltd (PFS) is a subsidiary of and promoted by PTC India Limited. PFS is an Indian non-banking financial institution that provides equity and debt financing, including short-term and long-term debt, as well as structured debt financing

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

Check back Indian IPO Blog for PTC India Financial Services (PFS) Ltd. IPO Price Band, Bid Lot and other details on PFS IPO!