|PTC India Financial Services, a unit of PTC India,Went into IPO market and it has launched its initial public offer (IPO)today and will close it on March 18.The IPO price has been fixed at a price band at Rs 26-28 a share for its initial public offering (IPO) to be offered through 100 per cent book-building.They are planning to raise Rs 438 crore through the issue at higher end of price band. The company has decided to offer discount of Re 1 to the issue price to retail individual bidders, PFC Financial Services Chairman T N Thakur told reporters here.|
PTC India Ltd. (PTC), the leading provider of power trading solutions in India, is a Government of India initiated Public-Private Partnership, whose primary focus is to develop a commercially vibrant power market in the country.PTC is the pioneer in developing and implementing the concept of power trading in India and has successfully demonstrated its efficacy in optimally utilizing the existing infrastructure within the country to the benefit of all.
PTC India Financial Services Ltd (PFS) is promoted by PTC India Ltd (PTC) as a special purpose investment vehicle to provide total financial services to the entities in energy value chain, which inter-alia includes investing in equity and/or extending debt to power projects in generation, transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors etc.PFS also provides non-fund based financial services adding value to green field and brown field projects at various stages of growth and development.
ABOUT PTC India Financial Services IPO
Symbol – Series PTFS EQ
Issue Period Mar 16, 2011 to Mar 18, 2011
Issue Size Public issue of 156,700,000 Equity Shares Of Rs 10/- Each.(including Anchor Portion of 23,505,000 equity shares)
Price Range Rs.26 to Rs.28
Market Lot 250 Equity Shares
Minimum Order Quantity 250 Equity Shares
IPO Grading CARE IPO GRADE 4, ICRA IPO GRADE 4,CRISIL IPO GRADE 3
Maximum Subscription Amount for Retail Investor Rs.200000