Power Finance FPO Latest News Today

Power Finance FPO shares will list on Friday, May 27, 2011. Issue price of this FPO has been fixed at Rs 203/- per share. FPO was oversubscribed by 4.34 times (2.00 times in retail) on closing day.

Power Finance FPO Listing Date & Detail

Listing Date: Friday, May 27, 2011
BSE Scrip Code: 532810
NSE Symbol: PFC
Listing In: A Group
Sector: Finance (including NBFCs)
ISIN: INE134E01011
Issue Price: Rs. 203.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share

Power Finance Corporation Ltd FPO allotment status is now available online. PFC FPO was open on May 10, 2011 and closed on May 13, 2011. FPO was oversubscribed by 4.34 times (2.00 times in retail) on closing day.

Power Finance FPO finally subscribed 4.34 times on its last day. Power Finance FPO was open on May 10, 2011 and closed today on May 13, 2011 for subscription. Power Finance has received bids for 99,54,27,776 shares as against issue size of 22,95,53,340 shares.

Subscription Detail for Day 4

Qualified Institutional Buyers (QIBs): 6.92 Times
Non Institutional Investors: 1.20 Times
Retail Individual Investors (RIIs): 2.00 Times
Employee: 0.91 Times

Total: 4.34 Times

Power Finance FPO subscribed 3.58 times on its day 3. Power Finance FPO was open on May 10, 2011 and will close on May 13, 2011 for subscription. Power Finance has received bids for 82,13,48,108 shares as against issue size of 22,95,53,340 shares.

Subscription Detail for Day 3

Qualified Institutional Buyers (QIBs): 6.92 Times
Non Institutional Investors: 0.01 Times
Retail Individual Investors (RIIs): 0.34 Times
Employee: 0.15 Times

Total: 3.58 Times

Power Finance FPO subscribed 0.20 times on its day 2. Power Finance FPO was open on May 10, 2011 and will close on May 13, 2011 for subscription. Power Finance has received bids for 4,48,97,104 shares as against issue size of 22,95,53,340 shares.

Subscription Detail for Day 2

Qualified Institutional Buyers (QIBs): 0.32 Times
Non Institutional Investors: 0.00 Times
Retail Individual Investors (RIIs): 0.10 Times
Employee: 0.00 Times

Total: 0.20 Times

Power Finance FPO subscribed 0.19 times on its day 1. Power Finance FPO opens today on May 10, 2011 and will close on May 13, 2011 for subscription.Power Finance FPO has received bids for 2,14,91,316 shares as against issue size of 22,95,53,340 shares.

Subscription Detail for Day 1

Qualified Institutional Buyers (QIBs): 0.17 Times
Non Institutional Investors: 0.00 Times
Retail Individual Investors (RIIs): 0.02 Times
Employee: 0.00 Times

Total: 0.09 Times

Power Finance fixes it's FPO price band at Rs 193/- at lower level and Rs 203/- at upper level. The issue of PFC FPO opens on May 10, 2011 and closes for subscription on May 13, 2011.

Power Finance Corporation ltd 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. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Power Finance Corporation Ltd (PFC) is entering in the capital markets with a follow-on public offering, FPO of 22,95,53,340 Equity Shares of Rs 10 each. The price band for the issue has not been fixed yet.

Power Finance Corporation ltd 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.

The issue opens on May 10, 2011 and closes for subscription on May 13, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).