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Saturday, May 14, 2011

Power Finance Corporation (PFC) FPO finally oversubscribed 4.34 times

Power Finance Corporation (PFC) FPO, which closed for subscription on Friday, May 13, 2011, received a good response and finally was subscribed 4.34 times on an overall basis

The IPO was oversubscribed 6.92 times in the QIB category, with the IPO receiving bids for a total of 793573340 Equity Shares in the QIB category as against 114638937 Equity Shares reserved for the category

Although the Retail and HNI subscriptions had remained low for the first three days of opening of the IPO, the same picked up on the closing day and the two categories got subscribed 2.00 times and 1.20 times respectively. The Employees portion was bid 0.91 times

Check back Indian IPO Blog for Power Finance Corporation (PFC) FPO Allotment Status, Power Finance Corporation (PFC) FPO Listing Dates and other updates on Power Finance Corporation (PFC) FPO!
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