Analysis and Insights into the world of IPOs and investing in India

Friday, May 6, 2011

Power Finance Corporation FPO Price Band

Power Finance Corporation FPO Price Band has been fixed at Rs.193/- to Rs.203/- per equity share. The shares of Power Finance Corporation Limited are currently listed on both the exchanges. Power Finance Corporation FPO would open for subscription from Tuesday, May 10, 2011

PFC was set up in July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. The Corporation was notified as a Public Financial Institution in 1990 under Companies Act, 1956. The Corporation was registered as a on Banking Financial Company by RBI and has been  conferred with the status of  Nav-Ratna PSU by Govt. of India on 22nd June, 2007

The Price Band was announced on Friday, May 06, 2011 when the closing market price of Power Finance Corporation Limited was Rs.214.55 on the BSE
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