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Thursday, March 17, 2011

PTC India Financial Services (PFS) IPO bid 8% till Day 2

PTC India Financial Services (PFS) IPO, which has opened for subscription from yesterday, March 16, 2011, has not managed to garner respectable subscription, atleast until the second day of its opening. The IPO has been subscribed by a tiny 0.08 times on an overall basis till Thursday, March 17, 2011

The Retail Category, which is offered a discount of Re.1/- per share on the final issue price, is the only category that has seen close to 19% subscription till now, with the subscriptions in the other two categories remaining negligible by far

PTC India Financial Services (PFS) IPO is offered in a Price Band of Rs.26/- to Rs.28/- per equity share with a Bid Lot of 250 Equity Shares and in multiples thereof. The IPO has been rated by credit rating agencies CRISIL, CARE and ICRA

Check back Indian IPO Blog for regular updates on PTC India Financial Services (PFS) IPO subscription status!
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