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Sunday, May 15, 2011

Power Finance FPO Issue Price set at upper end of Price Band

The Issue Price for Equity Shares offered under Power Finance Corporation (PFC) Follow-on Public Offer (FPO) is set at Rs.203/- per equity share, which is the upper end of the price band of Rs.193/- to Rs.203/- per equity share

Retail Investors and Eligible Employees will get a 5% discount on the Issue Price, which means that these categories of investors would get equity shares at Rs.192.85 per equity share. Power Finance Corporation (PFC) FPO, which closed for subscription on Friday, May 13, 2011 was subscribed 4.34 times on an overall basis and 2.00 times in the Retail Category. The Employees portion was bid 0.91 times

Stay tuned for the latest updates on Power Finance Corporation (PFC) Allotment Status, Power Finance Corporation (PFC) Listing Dates and more details on the FPO!


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