Bookbuilding IPO | ₹997 Cr | Listed at BSE, NSE | Wed, Jan 31, 2007 - Tue, Feb 6, 2007
PFC IPO is a book build issue of ₹997.19 crores. The issue is entirely a fresh issue of 11.73 crore shares of ₹997.19 crore.
PFC IPO bidding started from Jan 31, 2007 and ended on Feb 6, 2007. The shares got listed on BSE, NSE on Feb 23, 2007.
PFC IPO price band is set at ₹85 per share. The lot size for an application is 80. The minimum amount of investment required by an retail is ₹6,800 (80 shares) (based on upper price). The lot size investment for sNII is 30 lots (2,400 shares), amounting to ₹2,04,000, and for bNII, it is 148 lots (11,840 shares), amounting to ₹10,06,400.
The issue includes a reservation of up to 25,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to PFC IPO RHP for detailed Information.
IPO Open
Wed, Jan 31, 2007
IPO Close
Tue, Feb 6, 2007
Issue Price
₹85 per share
Market Cap (Pre-IPO)
₹9,756.02 Cr
| IPO Date | 31 Jan to 6 Feb, 2007 |
| Listed on | Fri, Feb 23, 2007 |
| Face Value | ₹10 per share |
| Price Band | ₹73 to ₹85 |
| Issue Price | ₹85 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 11,73,16,700 shares (agg. up to ₹997 Cr) |
| Fresh Issue | 11,73,16,700 shares (agg. up to ₹997 Cr) |
| Share Holding Pre Issue | 1,03,04,50,000 shares |
| Share Holding Post Issue | 1,14,77,66,700 shares |
| BSE Script Code / NSE Symbol | 532810 / PFC |
| ISIN | INE134E01011 |
PFC IPO comprises a total issue size of 11,73,16,700 shares. The net offer to the public is 11,48,16,700 shares, after excluding 25,00,000 shares under a preferential allotment. Of the Net offer 5,74,08,350 (50.00%) are allocated to QIB, 1,72,22,505 (15.00%) allocated to NII 4,01,85,845 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 5,74,08,350 | 50.00% | 48.93% | NA |
| NII (HNI) Shares Offered | 1,72,22,505 | 15.00% | 14.68% | NA |
| Retail Shares Offered | 4,01,85,845 | 35.00% | 34.25% | 5,02,323 |
| Preferential Reservations | ||||
| Employee Shares Offered | 25,00,000 | 2.13% | NA | |
| Total Shares Offered | 11,73,16,700 | 100.00% | 100.00% | |
Investors can bid for a minimum of 80 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 80 | ₹6,800 |
| Retail (Max) | 29 | 2,320 | ₹1,97,200 |
| S-HNI (Min) | 30 | 2,400 | ₹2,04,000 |
| S-HNI (Max) | 147 | 11,760 | ₹9,99,600 |
| B-HNI (Min) | 148 | 11,840 | ₹10,06,400 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Power Finance Corporation Limited (PFC) a leading power sector public financial institution and a non banking financial company providing fund and non-fund based support for the development of the Indian power sector. They perform a major role in channelising investment into the power sector and function as a vehicle to develop power sector in India.
PFC clients include state power utilities, central power sector utilities, power departments, private power sector utilities (including independent power producers), joint sector power utilities, power equipment manufacturers and power utilities run by local municipalities. These clients are involved in all aspects of the generation, transmission and distribution and related activities in the power sector in India.
Few financial facts:
1. As of March 31, 2006, PFC have made cumulative sanctions of Rs. 940,520.90 million and cumulative disbursements of Rs. 617,990.10 million to power sector projects.In fiscal 2005.
2. PFC made a profit after tax of Rs. 9,705.31 million and in fiscal 2006, their net profit was Rs. 9,754.33 million.
3. In fiscal 2005, PFC had total assets of Rs. 311,455.45 million and net worth of Rs. 59,974.96 million. In fiscal 2006, we had total assets of Rs. 374,896.05 million and our net worth was Rs.65,055.45 million.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Augment the capital base to meet the future capital requirements arising out of growth in 9,646.72 the business and for other general corporate purposes | 964.67 |
| 2 | Estimated Issue expenses | 32.52 |
| KPI | |
|---|---|
| RoNW | 13.06% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 89.78% |
| Market Cap | ₹9,756.02 Cr. |
The PFC IPO is subscribed 77.24 times on February 6, 2007 5:00:00 PM (Day 5). The public issue subscribed 8.54 times in the retail category, 137.17 times in the QIB category, and 48.81 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Estimated lead management, underwriting and selling commission | 1.10 |
| 2 | Advertisement & Marketing expenses | 17.20 |
| 3 | Printing, stationery including transportation of the same | 8.92 |
| 4 | Others (Registrar’s fees, Legal fees, listing fees, etc.) | 5.30 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹85.00 | ₹85.00 |
| Open | ₹104.00 | ₹113.00 |
| Low | ₹103.50 | ₹105.55 |
| High | ₹117.00 | ₹119.40 |
| Last Trade | ₹111.55 | ₹111.65 |
Lead Manager Reports
PFC IPO is a main-board IPO of 11,73,16,700 equity shares of the face value of ₹10 aggregating up to ₹997 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 80.
The IPO opens on Wed, Jan 31, 2007, and closes on Tue, Feb 6, 2007.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in PFC IPO using UPI as a payment gateway. Zerodha customers can apply in PFC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PFC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PFC IPO opens on Wed, Jan 31, 2007 and closes on Tue, Feb 6, 2007.
PFC IPO lot size is 80, and the minimum amount required for application is ₹6,800.
You can apply in PFC IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for PFC IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the PFC IPO allotment status.
The PFC IPO listing date is on Fri, Feb 23, 2007.
