Bookbuilding IPO | ₹94 Cr | Listed at NSE, BSE | Mon, Mar 1, 2004 - Mon, Mar 8, 2004
POWER TRADING CORP.OF INDIA IPO is a book build issue of ₹93.60 crores. The issue is entirely a fresh issue of 5.85 crore shares of ₹93.60 crore.
POWER TRADING CORP.OF INDIA IPO bidding started from Mar 1, 2004 and ended on Mar 8, 2004.
POWER TRADING CORP.OF INDIA IPO is set final issue price at ₹16 per share.
SBI Capital Markets Ltd. is the book running lead manager and MCS Share Transfer Agent Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Mar 1, 2004
IPO Close
Mon, Mar 8, 2004
Issue Price
₹16 per share
Market Cap (Pre-IPO)
₹240.00 Cr
| IPO Date | 1 to 8 Mar, 2004 |
| Listed on | Wed, Apr 7, 2004 |
| Face Value | ₹10 per share |
| Price Band | ₹14 to ₹16 |
| Issue Price | ₹16 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE, BSE |
| Total Issue Size | 5,84,99,990 shares (agg. up to ₹94 Cr) |
| Fresh Issue | 5,84,99,990 shares (agg. up to ₹94 Cr) |
| Share Holding Pre Issue | 9,15,00,010 shares |
| Share Holding Post Issue | 15,00,00,000 shares |
| 532524 PTC | |
| ISIN | INE877F01012 |
POWER TRADING CORP.OF INDIA IPO comprises a total issue size of 5,84,99,990 shares. The net offer to the public is 5,80,00,000 shares, after excluding 4,99,990 shares under a preferential allotment. Of the Net offer 2,90,00,000 (50.00%) are allocated to QIB, 1,45,00,000 (25.00%) allocated to NII 1,45,00,000 (25.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 2,90,00,000 | 50.00% | 49.57% |
| NII (HNI) Shares Offered | 1,45,00,000 | 25.00% | 24.79% |
| Retail Shares Offered | 1,45,00,000 | 25.00% | 24.79% |
| Preferential Reservations | |||
| Employee Shares Offered | 4,99,990 | 0.85% | |
| Total Shares Offered | 5,84,99,990 | 100.00% | 100.00% |
| Category | Limit | Cut-off |
|---|---|---|
| RII | Up to ₹2 Lakhs | Yes |
| sNII | ₹2 Lakhs – ₹10 Lakhs | No |
| bNII | Above ₹10 Lakhs | No |
| Employee (EMP) | Up to ₹2 Lakhs | Yes |
| Employee + RII/NII | Up to ₹2Lakhs (EMP) + RII/NII limits | Yes (EMP/RII) |
Incorporated in 1999, Power Trading Corporation of India Limited (PTC India) is a power trading company engaged in the purchase and sale of electricity in India and neighboring countries. The company was established to facilitate the development of mega power projects and act as an intermediary between power generators and state electricity utilities.
PTC India trades power sourced from state power utilities, generating companies, independent power producers, and captive power plants, and supplies electricity to state utilities, licensees, and bulk consumers. The company operates through long-term, medium-term, and short-term power trading arrangements.
The company also benefits from demand-supply imbalances, cross-border power trading opportunities with neighboring countries such as Nepal, Bhutan, and Bangladesh, and the development of a competitive power market in India.
PTC India plays a role in supporting the Indian power sector by facilitating electricity trading, improving market liquidity, and enabling power distribution across multiple regions.
| Period Ended | 31 Dec 2003 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Assets | 20.36 | 21.18 | 19.83 |
| Total Income | 1,742.55 | 926.94 | 366.40 |
| Profit After Tax | 23.16 | 12.49 | 7.35 |
| NET Worth | 124.78 | 80.08 | 23.19 |
| Reserves and Surplus | 33.57 | 8.02 | 0.71 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Utilise net proceeds of this Issue to build a long-term capital base to be able to meet the capital requirements | |
| Total | 0.00 |
| KPI | Mar 31, 2003 |
|---|---|
| RoNW | 11.91% |
| Price to Book Value | 1.45 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.36 | 2.06 |
| P/E (x) | 11.72 | 7.77 |
| Promoter Holding | 52.45% | 32% |
| Market Cap | ₹240.00 Cr. |
The POWER TRADING CORP.OF INDIA IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | 42.40 | 5,84,99,990 | 2,48,05,03,190 | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Management, Underwriting & Selling Commission | 1.20 |
| 2 | Advertisement Budget | 1.00 |
| 3 | Printing and Stationery | 0.90 |
| 4 | Others (Registrar, Legal Fees, Listing Fees, etc.) | 0.40 |
| Total | 3.50 |
| Price Details |
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| Final Issue Price |
| Open |
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Lead Manager Reports
POWER TRADING CORP.OF INDIA IPO is a main-board IPO of 5,84,99,990 equity shares of the face value of ₹10 aggregating up to ₹94 Crores. The issue is priced at ₹16 per share. The minimum order quantity is .
The IPO opens on Mon, Mar 1, 2004, and closes on Mon, Mar 8, 2004.
MCS Share Transfer Agent Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE, BSE.
Zerodha customers can apply online in POWER TRADING CORP.OF INDIA IPO using UPI as a payment gateway. Zerodha customers can apply in POWER TRADING CORP.OF INDIA IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in POWER TRADING CORP.OF INDIA IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The POWER TRADING CORP.OF INDIA IPO opens on Mon, Mar 1, 2004 and closes on Mon, Mar 8, 2004.
POWER TRADING CORP.OF INDIA IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in POWER TRADING CORP.OF INDIA 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 POWER TRADING CORP.OF INDIA IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the POWER TRADING CORP.OF INDIA IPO allotment status.
The POWER TRADING CORP.OF INDIA IPO listing date is on .
