Bookbuilding IPO | ₹433 Cr | Listed at BSE, NSE | Wed, Mar 16, 2011 - Fri, Mar 18, 2011
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 per share. The lot size for an application is 250. The minimum amount of investment required by an retail is ₹7,000 (250 shares) (based on upper price). 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 Open
Wed, Mar 16, 2011
IPO Close
Fri, Mar 18, 2011
Issue Price
₹28 per share
Market Cap (Pre-IPO)
₹1,573.83 Cr
| IPO Date | 16 to 18 Mar, 2011 |
| Listed on | Wed, Mar 30, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹26 to ₹28 |
| Issue Price | ₹28 per share |
| Lot Size | 250 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 1.00 per share |
| Total Issue Size | 15,67,00,000 shares (agg. up to ₹433 Cr) |
| Fresh Issue | 12,75,00,000 shares (agg. up to ₹353 Cr) |
| Offer for Sale | 2,92,00,000 shares of ₹10 (agg. up to ₹81 Cr) |
| Share Holding Pre Issue | 43,45,83,335 shares |
| Share Holding Post Issue | 56,20,83,335 shares |
| BSE Script Code / NSE Symbol | 533344 / PFS |
| ISIN | INE560K01014 |
PTC India Financial IPO comprises a total issue size of 15,67,00,000 shares. Out of which, 7,83,50,000 (50.00%) are allocated to QIB, 2,35,05,000 (15.00%) allocated to NII 5,48,45,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 250 shares and in multiples thereof.
| 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 |
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").
| 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 the business. | |
| 2 | To achieve the benefits of listing on the Stock Exchanges. |
| KPI | |
|---|---|
| RoNW | 4% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 77.6% | 60% |
| Market Cap | ₹1,573.83 Cr. |
The PTC India IPO is subscribed 1.7 times on March 18, 2011 5:00:00 PM (Day 3). The public issue subscribed 1.18 times in the retail category, 2.85 times in the QIB category, and 0.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.85 | 5,48,45,000 | |
| NII | 0.22 | 2,35,05,000 | |
| Retail | 1.18 | 5,48,45,000 | |
| Total | 1.7 | 13,31,95,000 |
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.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | BRLM fees | 2.48 |
| 2 | Co-BRLM fee | 0.18 |
| 3 | Underwriting commission and selling commission (including commission to SCSBs for ASBA applications) | 1.15 |
| 4 | Registrar’s fees | 0.40 |
| 5 | Advertisement and marketing expenses | 5.34 |
| 6 | Printing and distribution expenses | 1.60 |
| 7 | Advisors | 2.19 |
| 8 | Others (SEBI filing fees, Stock exchanges filing fees, bidding software expenses, depository charges, listing fees, etc.) | 1.49 |
| 9 | Miscellaneous Expenses | 0.34 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹28.00 | ₹28.00 |
| Open | ₹28.00 | ₹26.75 |
| Low | ₹23.50 | ₹23.50 |
| High | ₹28.00 | ₹27.00 |
| Last Trade | ₹24.90 | ₹24.90 |
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 Crores. The issue is priced at ₹28 per share. The minimum order quantity is 250.
The IPO opens on Wed, Mar 16, 2011, and closes on Fri, Mar 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 Wed, Mar 16, 2011 and closes on Fri, Mar 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 Wed, Mar 30, 2011.
