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Thursday, March 17, 2011

PTC India Financial Services (PFS) IPO - ICRA Rating

The IPO of PTC India Financial Services (PFS) Ltd., subsidiary of PTC India Ltd.,has been rated by credit rating agencies CARE, ICRA and CRISIL. Credit Rating Agency ICRA has assigned an IPO Grade 4/5 to the IPO indicating Above Average Fundamentals

ICRA assigns IPO Grades on a scale of IPO Grade 1 to IPO Grade 5 with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

PTC India Financial Services Limited is entering the capital market with a public issue of 156,700,000 Equity Shares of Rs.10 each consisting of a fresh issue of 127,500,000 Equity Shares by the Company and an offer for sale of 29,200,000 Equity Shares by Macquarie India Holdings Limited in a Price Band of Rs.26/- to Rs.28/- per equity share. A discount of Re.1 on the Issue Price will be offered to Retail Individual Bidders upon Allotment

Stay tuned to Indian IPO Blog for regular updates on PTC India Financial Services (PFS) IPO!
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