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Power Finance Corporation Ltd. IPO (PFC IPO) Detail

January 31, 2007 - February 6, 2007

PFC IPO is a book built issue of Rs 997.19 crores.

PFC IPO bidding started from January 31, 2007 and ended on February 6, 2007. The shares got listed on BSE, NSE on February 23, 2007.

PFC IPO price band is set at ₹73 to ₹85 per share. The minimum lot size for an application is 80 Shares. The minimum amount of investment required by retail investors is ₹6,800.

Axis Capital Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the PFC IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to PFC IPO RHP for detailed information.

PFC IPO Details

IPO Date January 31, 2007 to February 6, 2007
Listing Date February 23, 2007
Face Value ₹10 per share
Price Band ₹73 to ₹85 per share
Lot Size 80 Shares
Total Issue Size117,316,700 shares
(aggregating up to ₹997.19 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

PFC IPO Lot Size

Investors can bid for a minimum of 80 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 80 ₹6,800
Retail (Max) 29 2320 ₹197,200
Lot Size Calculator

About Power Finance Corporation Ltd.

Power Finance Corporation Limited (PFC) a leading power sector public financial institution and a non banking financial company providing fund and non-fund based support for the development of the Indian power sector. They perform a major role in channelising investment into the power sector and function as a vehicle to develop power sector in India.

PFC clients include state power utilities, central power sector utilities, power departments, private power sector utilities (including independent power producers), joint sector power utilities, power equipment manufacturers and power utilities run by local municipalities. These clients are involved in all aspects of the generation, transmission and distribution and related activities in the power sector in India.

Few financial facts:
1. As of March 31, 2006, PFC have made cumulative sanctions of Rs. 940,520.90 million and cumulative disbursements of Rs. 617,990.10 million to power sector projects.In fiscal 2005.

2. PFC made a profit after tax of Rs. 9,705.31 million and in fiscal 2006, their net profit was Rs. 9,754.33 million.

3. In fiscal 2005, PFC had total assets of Rs. 311,455.45 million and net worth of Rs. 59,974.96 million. In fiscal 2006, we had total assets of Rs. 374,896.05 million and our net worth was Rs.65,055.45 million.

Objects of the Issue (PFC IPO Objectives)

The objects of the Issue are:
1. To achieve the benefits of listing on the Stock Exchanges and to raise capital;
2. To meet the future capital requirements.


PFC IPO Subscription Status (Bidding Detail)

The PFC IPO is subscribed 77.24 times on February 6, 2007 5:00:00 PM. The public issue subscribed 8.54 times in the retail category, 137.17 times in the QIB category, and 48.81 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

PFC IPO Prospectus

PFC IPO Rating

147
4.1
Rating:Rated 4.1 stars
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PFC IPO Listing Details

Listing Date February 23, 2007
BSE Script Code 532810
NSE Symbol PFC
ISIN INE134E01011
Final Issue Price ₹85 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹85.00
₹104.00
₹103.50
₹117.00
₹111.55
NSE
₹85.00
₹113.00
₹105.55
₹119.40
₹111.65

Check IPO Performance…

Power Finance Corporation Ltd. Contact Details

Power Finance Corporation Ltd.
Power Finance Corporation Limited,
Chandralok Building, 36,
Janpath, New Delhi 110 001, India.
Phone: +91-11-2372 2301
Email: ipo@pfcindia.com
Website: http://www.pfcindia.com

PFC IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: pfc.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

PFC IPO FAQs

PFC IPO is a main-board IPO of 117,316,700 equity shares of the face value of ₹10 aggregating up to ₹997.19 Crores. The issue is priced at ₹73 to ₹85 per share. The minimum order quantity is 80 Shares.

The IPO opens on January 31, 2007, and closes on February 6, 2007.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The PFC IPO opens on January 31, 2007 and closes on February 6, 2007.

PFC IPO lot size is 80 Shares, and the minimum amount required is ₹6,800.

You can apply in PFC 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 PFC IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the PFC IPO allotment status.

The PFC IPO listing date is on February 23, 2007.
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PFC IPO Message Board

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256 Comments

256. gaurav gulati |   Link |  Bookmark |April 2, 2007 10:10:31 AM
After so many reminders i haven't got any response!!!!!!!!!! can anybody let me know where to contact about the matter. please let me know the contact mnumber if anybody knows it.......
i am sending this mail on the behalf of one of my client smt. versi devi.

this is with regard to that non receipt of refund order for the following :

name: versi devi
application no.:35998798
chq no.:468733
applied for 320 shares
amount: rs 27,200
demat a/c no.: 1202890200011078

kindly look into the matter and reply as soon as possible

255. ANIL |   Link |  Bookmark |March 25, 2007 5:20:31 PM
Bhaswati,

Kanpur wale hamesha intelligent hote hain.
254. Bhaswati |   Link |  Bookmark |March 24, 2007 6:21:13 AM
Hello,
now tell me whether I was right or wrong. Those who are planning to hold the shares for long are going to make profit, undoubtedly. Power finance is a huge company. Just wait for the dividends to pour in.
253. rahul |   Link |  Bookmark |March 14, 2007 1:10:24 PM
guys,

only Karvy Computershare Private Limited the delaying this. lets take some action on the same.
caontact this Karvay @ Ph: +91 1600 3554001
252. Bhaswati |   Link |  Bookmark |March 9, 2007 8:25:26 PM
Hello everybody,
power finance is a huge institution with immense potential. Do not expect a instant growth from an organisation undertaken by government of India. Please hold your patience. Whoever has got the shares from the primary market are not making loss, mind it. Even in the days of such volatility, power finance did not let up down. Hold the shares for an year or so and make profits out of it. Count my words.
251. sham |   Link |  Bookmark |March 8, 2007 12:05:04 AM
as per mr MA , i am in dilemma whther to hold PFC shares or sell it as its going low day by day ..is there any expectation to get good value of PFC in near future..plz reply
250. MA |   Link |  Bookmark |March 6, 2007 11:30:40 PM
After the budget, Share Market is going down day by day. Is it worth keep the PFC shares for some time or to sell now. Any chances of growing soon.
249. Rahul |   Link |  Bookmark |March 6, 2007 6:23:20 AM
I haven't received my refund till now. i applied through ICICI direct and there is no refund status availabe. I applied for first source and i got refund within 5 days .Can anybody help me and tell me what is the procedure to get it back
248. manish |   Link |  Bookmark |March 2, 2007 9:45:16 AM
i have not recd refund through cheque till now.in call center i inquired about the same & they are told me we had sended the same through register post on 20/2/2007 .as per my knowledge it should delivered within 5 days but till after 9 days i have not recd my cheque.what to do ????pls mail me what to do to get refund(my e-mail:manishtalks@sify.com )
247. venu gopal |   Link |  Bookmark |March 2, 2007 2:40:35 AM
I have not received the refund amount back.Karvy people are not responding.What to do?
246. Ankur |   Link |  Bookmark |March 1, 2007 8:25:05 PM
i still have not received my refund...is there anybody else also....
245. AK |   Link |  Bookmark |March 1, 2007 7:41:04 PM
Almost everybody including me got the refund.
244. Gaurav |   Link |  Bookmark |February 28, 2007 11:23:38 AM
Is there any retail investor who have got his refund. Its been quite sometime that the allotment has been made but no refund whatsoever
243. sanjiv |   Link |  Bookmark |February 28, 2007 7:13:18 AM
can anybody let me know the status of refund of application nos. 23860059 , 23860060 , 23860061
242. Debasish Pal |   Link |  Bookmark |February 28, 2007 5:36:19 AM
Hi,
I have been allocated the PFC share. But I have not received the rerfund amount yet.

Karvy doesn't take such a long time. Any idea of the refund for PFC?
241. ASHESH |   Link |  Bookmark |February 27, 2007 7:25:19 PM
appli.no. 11042532, till today not received refund.
240. manish |   Link |  Bookmark |February 27, 2007 6:24:20 AM
till date no refund
239. Roy |   Link |  Bookmark |February 27, 2007 1:10:16 AM
I got few shares of PFC. Is it worth holding ? Another thing, is so far NOT RECEVD refund & share certificate. First time such a delay !!
238. Roy |   Link |  Bookmark |February 27, 2007 1:10:12 AM
I got few shares of PFC. Is it worth holding. Another thing, is so far NOT RECEVD refund & share certificate. First time such a delay !!
237. Roy |   Link |  Bookmark |February 27, 2007 1:10:05 AM
I got few shares of PFC. Is i worth holding. Another thing, is so far NOT RECEVD refund & share certificate. First time such a delay !!