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PTC India IPO is a book built issue of Rs 438.76 crores.
PTC India IPO bidding started from March 16, 2011 and ended on March 18, 2011. The shares got listed on BSE, NSE on March 30, 2011.
PTC India IPO price band is set at ₹26 to ₹28 per share. The minimum lot size for an application is 250 Shares. The minimum amount of investment required by retail investors is ₹7,000.
Almondz Global Securities Limited, ICICI Securities Limited, Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the PTC India IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to PTC India IPO RHP for detailed information.
| IPO Date | March 16, 2011 to March 18, 2011 |
| Listing Date | March 30, 2011 |
| Face Value | ₹10 per share |
| Price Band | ₹26 to ₹28 per share |
| Lot Size | 250 Shares |
| Total Issue Size | 156,700,000 shares (aggregating up to ₹438.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
PTC India IPO offers 133,195,000 shares. 54,845,000 (41.18%) to QIB, 23,505,000 (17.65%) to NII, 54,845,000 (41.18%) to RII. 219,380 RIIs will receive minimum 250 shares and (sNII) and (bNII) will receive minimum 7,250 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 54,845,000 (41.18%) | NA |
| NII (HNI) Shares Offered | 23,505,000 (17.65%) | |
| Retail Shares Offered | 54,845,000 (41.18%) | 219,380 |
| Total Shares Offered | 133,195,000 (100%) |
Investors can bid for a minimum of 250 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹7,000 |
| Retail (Max) | 28 | 7000 | ₹196,000 |
| Lot Size Calculator | |||
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 objects of the Issue are:
1. To augment capital base to meet future capital requirements arising out of growth in business;
2. To achieve the benefits of listing on the Stock Exchanges; and
3. Public issue expenses.
The PTC India IPO is subscribed 1.70 times on March 18, 2011 5:00:00 PM. 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) |
|---|---|
| QIB | 2.85 |
| NII | 0.22 |
| Retail | 1.18 |
| Total | 1.70 |
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 |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹28.00 |
| ₹28.00 |
| ₹23.50 |
| ₹28.00 |
| ₹24.90 |
| NSE |
|---|
| ₹28.00 |
| ₹26.75 |
| ₹23.50 |
| ₹27.00 |
| ₹24.90 |
PTC India Financial Services Ltd
Second Floor, NBCC Tower,
15, Bhikaji Cama Place,
New Delhi 110 066, India
Phone: +91 11 4159 5122
Email: complianceofficer@ptcfinancial.com
Website: http://www.ptcfinancial.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
PTC India IPO is a main-board IPO of 156,700,000 equity shares of the face value of ₹10 aggregating up to ₹438.76 Crores. The issue is priced at ₹26 to ₹28 per share. The minimum order quantity is 250 Shares.
The IPO opens on March 16, 2011, and closes on March 18, 2011.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The PTC India IPO opens on March 16, 2011 and closes on March 18, 2011.
PTC India IPO lot size is 250 Shares, and the minimum amount required is ₹7,000.
You can apply in PTC India IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for PTC India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PTC India IPO allotment status.
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RHP
I'm still holding 2000 shares alloted to me @ 27....Do I continue to hold this stock or exit?? Please post ur views....pramod
Thanks