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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 ₹85.00 per share . The lot size for an application is 80. The minimum amount of investment required by an retail is ₹5,840 (80 shares). 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.
| IPO Date | January 31, 2007 to February 6, 2007 |
| Listing Date | February 23, 2007 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹73 to ₹85 per share |
| Issue Price Final | ₹85 per share |
| Lot Size | 80 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 11,73,16,700 shares (aggregating up to ₹997.19 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 1,03,04,50,000 shares |
| Share Holding Post Issue | 1,14,77,66,700 shares |
PFC IPO offers total 11,73,16,700 shares. Out of which 5,74,08,350 (48.93%) allocated to QIB, 1,72,22,505 (14.68%) allocated to NII, 4,01,85,845 (34.25%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 5,74,08,350 (48.93%) | NA |
| NII (HNI) Shares Offered | 1,72,22,505 (14.68%) | NA |
| Retail Shares Offered | 4,01,85,845 (34.25%) | 5,02,323 |
| Employee Shares Offered | 25,00,000 (2.13%) | NA |
| Total Shares Offered | 11,73,16,700 (100.00%) |
| 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 |
PFC IPO opens on January 31, 2007, and closes on February 6, 2007.
| IPO Open Date | Wed, Jan 31, 2007 |
| IPO Close Date | Tue, Feb 6, 2007 |
| Tentative Listing Date | Fri, Feb 23, 2007 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Feb 6, 2007 |
Investors can bid for a minimum of 80 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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.
| KPI | Values |
|---|---|
| RoNW | 13.06% |
The Company PFC IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 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 |
| Listing Date | February 23, 2007 |
| BSE Script Code | 532810 |
| NSE Symbol | PFC |
| ISIN | INE134E01011 |
| Final Issue Price | ₹85 per share |
| BSE Listing Group | A |
Power Finance Corp.Ltd.
Power Finance Corporation Limited,
Chandralok Building, 36,
Janpath, New Delhi 110 001, India.
Delhi, New Delhi
Phone: +91-11-2372 2301
Email: ipo@pfcindia.com
Website: http://www.pfcindia.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: pfc.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
PFC IPO is a main-board IPO of 11,73,16,700 equity shares of the face value of ₹10 aggregating up to ₹997.19 Crores. The issue is priced at ₹85 per share. The minimum order quantity is 80.
The IPO opens on January 31, 2007, and closes on February 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 January 31, 2007 and closes on February 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 Friday, February 23, 2007.
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