Power Finance Corporation Limited (PFC) has entered into primary market with a follow-on public offering (FPO) of 229,553,340 Equity Shares of Rs 10 each. The IPO was open on 10th May 2011 and got close for subscription on 13th May 2011. The premium of the issue will be decided through a 100% Book Building Process. The company is likely to raise around Rs 4,659.93 Crore through the issue at the upper level of price band. Power Finance Corporation Limited is India based Financial Institution (Non Banking Financial Company) providing funding to Power Sector projects. The company has status of Nav-Ratna PSU by Government of India.
Details of different category subscription is as follows……
Total Issue Size : Rs. 4,659.93 Crores
Qualified Institutional Buyers (QIBs) : 6.92 times
Non Institutional Investors : 1.20 times
Retail Individual Investors : 2.00 times
Employee Reservations : 0.91 times
Overall : 4.34 times
Allotment Status of Power Finance Corporation IPO is not available at this time. IPO share allotment process usually takes two weeks from the date of issue closing date. It will be provided online as soon as available in the following link :-
My allotment status