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PTC India Financial IPO is a book build issue of ₹433.48 crores. The issue is a combination of fresh issue of 12.75 crore shares aggregating to ₹352.70 crores and offer for sale of 2.92 crore shares aggregating to ₹80.78 crores.
PTC India Financial IPO bidding started from Mar 16, 2011 and ended on Mar 18, 2011. The shares got listed on BSE, NSE on Mar 30, 2011.
PTC India Financial IPO price band is set at ₹28.00 per share . The lot size for an application is 250. The minimum amount of investment required by an retail is ₹6,500 (250 shares). The lot size investment for sNII is 29 lots (7,250 shares), amounting to ₹2,03,000, and for bNII, it is 143 lots (35,750 shares), amounting to ₹10,01,000.
Almondz Global Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to PTC India Financial IPO RHP for detailed Information.
| IPO Date | March 16, 2011 to March 18, 2011 |
| Listing Date | March 30, 2011 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹26 to ₹28 per share |
| Issue Price Final | ₹28 per share |
| Lot Size | 250 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 15,67,00,000 shares (aggregating up to ₹433.48 Cr) |
| Fresh Issue | 12,75,00,000 shares (aggregating up to ₹352.70 Cr) |
| Offer for Sale | 2,92,00,000 shares of ₹10 (aggregating up to ₹80.78 Cr) |
| Retail Discount | Rs 1.00 per share |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 43,45,83,335 shares |
| Share Holding Post Issue | 56,20,83,335 shares |
PTC India IPO offers total 15,67,00,000 shares. Out of which 7,83,50,000 (50.00%) allocated to QIB, 5,48,45,000 (35.00%) allocated to QIB, 2,35,05,000 (15.00%) allocated to NII, 5,48,45,000 (35.00%) allocated to RII and 2,35,05,000 (15.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 7,83,50,000 (50.00%) | NA |
| − Anchor Investor Shares Offered | 2,35,05,000 (15.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 5,48,45,000 (35.00%) | NA |
| NII (HNI) Shares Offered | 2,35,05,000 (15.00%) | NA |
| Retail Shares Offered | 5,48,45,000 (35.00%) | 2,19,380 |
| Total Shares Offered | 15,67,00,000 (100.00%) |
PTC India Financial IPO opens on March 16, 2011, and closes on March 18, 2011.
| IPO Open Date | Wed, Mar 16, 2011 |
| IPO Close Date | Fri, Mar 18, 2011 |
| Tentative Listing Date | Wed, Mar 30, 2011 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 18, 2011 |
Investors can bid for a minimum of 250 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 | 250 | ₹7,000 |
| Retail (Max) | 28 | 7,000 | ₹1,96,000 |
| S-HNI (Min) | 29 | 7,250 | ₹2,03,000 |
| S-HNI (Max) | 142 | 35,500 | ₹9,94,000 |
| B-HNI (Min) | 143 | 35,750 | ₹10,01,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2006, PTC India Financial Services Ltd (PFS) is an Indian non-banking financial institution, a subsidiary of and promoted by PTC India Limited ("PTC"). They are financial institutions in India that provide both equity and debt financing, including short-term and long-term debt, as well as structured debt financing. They are currently focusing on power generation projects in India. Thet also provide fee based syndication and advisory services as well as carbon credit financing against certified emissions reduction (CER) exclusively to the power sector.
As a promoter, PTC holds 77.60% of the equity whereas the remaining 22.40% is shared equally by Goldman Sachs Strategic Investments Limited, Mauritius and Macquarie Group Limited, Australia. PTC is a GoI initiated public-private partnership promoted by National Thermal Power Corporation ("NTPC"), Power Grid Corporation of India Limited ("Power Grid"), Power Finance Corporation Limited ("PFC") and NHPC Limited ("NHPC").
The Company PTC India 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 the business. | |
| 2 | To achieve the benefits of listing on the Stock Exchanges. |
PTC India Financial Services has offered discount of Rs 1 to the Issue Price to Retail Individual Bidders.
CRISIL has assigned an IPO Grade 3 to PTC India Financial Services IPO. This means as per CRISIL, company has 'Average Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Click here to download the CRISIL IPO Grading Document for PTC India Financial Services Ltd.
CARE / ICRA has assigned an IPO Grade 4 to PTC India Financial Services IPO. This means as per CARE / ICRA, company has 'Above Average Fundamentals'. CARE / ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
PTC India Financial Services Ltd IPO, PTC IPO, PTC India Financial Services IPO Bidding, PTC India Financial IPO Allotment Status, PTC India Financial Services IPO drhp and PTC India IPO listing.
| Listing Date | March 30, 2011 |
| BSE Script Code | 533344 |
| NSE Symbol | PFS |
| ISIN | INE560K01014 |
| Final Issue Price | ₹28 per share |
| BSE Listing Group | B |
PTC India Financial Services Ltd.
Second Floor, NBCC Tower,
15, Bhikaji Cama Place,
New Delhi 110 066, India
New Delhi, New Delhi
Phone: +91 11 4159 5122
Email: complianceofficer@ptcfinancial.com
Website: http://www.ptcfinancial.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
PTC India Financial IPO is a main-board IPO of 15,67,00,000 equity shares of the face value of ₹10 aggregating up to ₹433.48 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 250.
The IPO opens on March 16, 2011, and closes on March 18, 2011.
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 PTC India Financial IPO using UPI as a payment gateway. Zerodha customers can apply in PTC India Financial IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in PTC India Financial IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The PTC India Financial IPO opens on March 16, 2011 and closes on March 18, 2011.
PTC India Financial IPO lot size is 250, and the minimum amount required for application is ₹7,000.
You can apply in PTC India Financial 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 PTC India Financial IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PTC India Financial IPO allotment status.
The PTC India Financial IPO listing date is on Wednesday, March 30, 2011.
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