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Power Finance Corporation Ltd FPO (Power Finance FPO) Detail

May 10, 2011 - May 13, 2011        
  
   

Incorporated in 1986 by Government of India, Power Finance Corporation ltd is India based Financial Institution (Non Banking Financial Company) providing funding to Power Sector projects. The company has status of Nav-Ratna PSU by Government of India.

PFC provides large range of Financial Products and Services including Project Term Loan, Lease Financing, Direct Discounting of Bills, Short Term Loan, Consultancy Services etc. for various Power projects in Generation, Transmission, and Distribution sector as well as for Renovation & Modernization of existing power projects.

PFC went public on Friday, February 23, 2007 by selling its 10.22% shares through PFC IPO. Company is currently listed in BSE (Scrip Code: 532810) and NSE (Symbol: PFC).

Company Financials:

ParticularsFor the year/period ended (in Rs. Million)
31-Dec-1031-Mar-1031-Mar-09
Total Income74,870.4381,265.7565,897.25
Profit After Tax (PAT)19,470.1822,500.8914,695.99

Objects of the Issue:

The objects of the issue are:

1. Augment capital base to ensure compliance with requisite capital adequacy norms and to meet future capital requirements arising out of growth in business; and
2. General corporate purposes.

Issue Detail:

  »»  Issue Open: May 10, 2011 - May 13, 2011
  »»  Issue Type: 100% Book Built Issue FPO
  »»  Issue Size: 229,553,340 Equity Shares of Rs. 10
  »»  Issue Size: Rs. 4,578.20 Crore
  »»  Face Value: Rs. 10 Per Equity Share
  »»  Issue Price: Rs. 193 - Rs. 203 Per Equity Share
  »»  Market Lot: 28 Shares
  »»  Minimum Order Quantity: 28 Shares
  »»  Listing At: BSE, NSE

5% Discount for Retail Bidders and Eligible Employees

The promoter of PFC, Government of India, has offered 5% discount to retail investors and eligible employees in PFC FPO shares. The PFC FPO discount will be applicable on the price fixed for PFC shares through this FPO.

Power Finance FPO Reviews:

  1. Ajcon Global Services Ltd says 'Subscribe' to Power Finance Corporation Ltd FPO
  2. HDFC Securities Limited says 'Subscribe' to Power Finance Corporation Ltd FPO
  3. India Infoline Ltd says 'Subscribe' to Power Finance Corporation Ltd FPO
  4. Naman Securities and Finance Pvt. Ltd says 'Subscribe' to Power Finance Corporation Ltd FPO
  5. MLR Securities Private Ltd says 'Subscribe' to Power Finance Corporation Ltd FPO
  6. ARM Research Pvt. Ltd. says 'Subscribe' to Power Finance Corporation Ltd FPO

Issue Subscription Detail / Current Bidding Status

Number of Times Issue is Subscribed (BSE + NSE)
As on Date & TimeQualified Institutional Buyers (QIBs)Non Institutional Investors (NIIs)Retail Individual Investors (RIIs)Employee ReservationsTotal
Shares Offered / Reserved 114,638,937  34,391,682  80,247,257  275,464  229,553,340 
 Day 1 - May 10, 2011 17:00 IST 0.1700 0.0000 0.0200 0.0000 0.0900 
 Day 2 - May 11, 2011 17:00 IST 0.3200 0.0000 0.1000 0.0000 0.2000 
 Day 3 - May 12, 2011 17:00 IST 6.9200 0.0100 0.3400 0.1500 3.5800 
 Day 4 - May 13, 2011 20:00 IST 6.9200 1.2000 2.0000 0.9100 4.3400 

Power Finance FPO News Alerts

  1. Thursday, May 26, 2011 1:41:33 PM
    IPO Listing - Power Finance Corporation Ltd
  2. Wednesday, May 25, 2011 1:09:07 AM
    IPO Allotment - Power Finance Corporation Ltd
  3. Friday, May 13, 2011 12:21:42 PM
    Power Finance FPO finally subscribed 4.34 times
  4. Thursday, May 12, 2011 10:44:07 AM
    Power Finance FPO subscribed 3.58 times on day 3
  5. Wednesday, May 11, 2011 12:25:07 PM
    Power Finance FPO subscribed 0.20 times on day 2
  6. Tuesday, May 10, 2011 8:41:04 AM
    Power Finance FPO subscribed 0.19 times on day 1
  7. Friday, May 6, 2011 8:39:37 AM
    Power Finance fixes it's FPO price band
  8. Tuesday, April 26, 2011 7:47:30 AM
    Upcoming FPO - Power Finance Corporation Ltd (PFC)

Power Finance FPO Rating

   Rating: 3.3
737
3.3
Rating:Rated 3.3 stars

Vote Here ...

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Power Finance FPO Listing Date

Listing Date:Friday, May 27, 2011
BSE Scrip Code:532810
NSE Symbol:PFC
Listing In:A Group
Sector:Finance (including NBFCs)
ISIN:INE134E01011
Issue Price:Rs. 203.00 Per Equity Share
Face Value:Rs. 10.00 Per Equity Share

Listing Day Trading Information

BSE
Issue Price:Rs. 203.00
Open:Rs. 197.60
Low:Rs. 191.40
High:Rs. 200.70
Last Trade:Rs. 199.45
Volume:10,859,061
NSE
Rs. 203.00
Rs. 196.00
Rs. 191.50
Rs. 200.70
Rs. 199.50
34,397,028

Power Finance FPO Prospectus

Company Contact Information

Registered Office :
    'Urjanidhi', 1, Barakhamba Lane,
    Connaught Place,
    New Delhi 110 001, India
Phone: +91 (11) 2345 6000
Fax: +91 (11) 2341 2545
Email: fpo@pfcindia.com
Website: http://www.pfcindia.com

Power Finance FPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968
Email: einward.ris@karvy.com
Website: http://karisma.karvy.com


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Power Finance FPO Messages (Power Finance FPO Comments)

  Post New Message ...  

1213. bangalore king  Jul 15, 2011 1:01:24 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
bangalore king's - IPO Comments

Highest traded counter on NSE with major breakout.

Bank of America-Merrill Lynch has resumed coverage on Power Finance Corp with a 'buy' and has set a target price of 260 rupees post follow-on offering on better earnings as structurally power financing remains a focused priority for the government. "PFC's valuations remain very attractive and the stock is trading at 15-25 percent discount to its peers Rural Electrification Corp, IDFC despite better risk-profile," the Wall-Street Bank said in a note. It also expects PFC to report a net profit growth of 24 percent in FY12/13 citing loan growth and improving margins.

 

1212. satyaaa  Jul 1, 2011 8:38:41 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
satyaaa's - IPO Comments

PFC will touch 300 by September 2011 provided that NIFTY touches 6000 or sensex 20000.

 

1211. SUB  Jun 21, 2011 6:27:02 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SUB's - IPO Comments

15% crash in 5 days!!!

 

1210. sachin kapil  Jun 20, 2011 5:37:36 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
sachin kapil's - IPO Comments

pfc @ 176
shud we buy it at this level for longterm ?
experts pls give some suggestions...

 

1209. SUB  Jun 17, 2011 3:29:01 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SUB's - IPO Comments

In last 3 days market has fallen by 2.5%,whereas PFC fell about 10%.

 

1208. ARCHIT SHAH  Jun 17, 2011 12:11:22 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
ARCHIT SHAH's - IPO Comments

sreedhar

Can we buy at this level.

please reply.

 

1207. gundu anna  Jun 12, 2011 5:01:34 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
gundu anna's - IPO Comments

PFC is going to be a very good investment option from one year perspective.

 

1206. prashant patwardhan  Jun 1, 2011 4:38:51 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
prashant patwardhan's - IPO Comments

Auction rate is decided as highest traded rate within settlement period (T+2), that is why it is said, one's pain is going to be broker's delight.

 

1205. n kumar  Jun 1, 2011 3:49:43 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
n kumar's - IPO Comments

Prashant patwardhan,

Thanks for the advice.
Auction completed for the shares i shortsold at 200.67 on 30/11/2011. Apart from that Rs250 is charged for STT. So total i was charged at Rs200.91.They had debited the amount also, but the digital contract sent doesn't contain any information of the trade timings and the highest price of PFC on 30/05/2011 is 200.41 only. i was little curious about the trade timings as from morning to afternoon it was around 199 but they seems to have auctioned after 2.30PM.

 

1204. bangalore king  Jun 1, 2011 11:55:23 AM IST |   Reply  |  I Like It.  Like  |  Report Abuse
bangalore king's - IPO Comments

If you want a reason why you should be long term on PFC , see this :

http://www.motilaloswal.com/researchreport/Downloadfile.aspx?mode=112&filename=634407213360060466.pdf

have patience.

 

1203. SOMPRASH  May 31, 2011 7:35:13 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
SOMPRASH's - IPO Comments

It is not always necessary to play the IPO game for first day
listing gain or loss. It is a POWERFUL TOOL to earn handsome
money with some longer term view.

It is my 25 years experiance that I am sharing with all of you.

So , please do not under-estimate the " POWER " OF " POWER-FINANCE ".

 

1202. pakka hindustani  May 30, 2011 5:32:56 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
pakka hindustani's - IPO Comments

PFC is nicely consolidating at 200 levels. ready to take off in 1 or 2 days. My target is 210-215. Cheers!!!!

 

1201. prashant patwardhan  May 30, 2011 4:56:31 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
prashant patwardhan's - IPO Comments

Mr kumar:: sorry to say you that you have bought shares to compensate your shortsell is futile. Both transactions are independently registered by broker. But just don't panic and watchout for payin instructions and follow it instantly. If not, auction will not be executed, till then. If the market rate increases you will be prone to further losses unnecessarily. It appears that share rate may not run away, still it is advisable to payin as instructed by broker. Initially payin will be asked as MR plus 50% extra, but you will get balance debited to your acount once auction happens. Take care that your bank balance is as much as required on above lines. Don't loose slip over it, there is no penalty as such if you make payin instantly.

 

1200. Market guru  May 30, 2011 3:11:38 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Market guru's - IPO Comments

Hold on... this will be back to 210+ levels...

 

1199. n kumar  May 27, 2011 7:24:31 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
n kumar's - IPO Comments

Ravi Bangalore,

I kept Sanghvi, Apollo and Jubiliant in my watch list.
As i did a silly mistake with PFC now i hold 1000 shares of PFC which i bought today to compensate yesterdays short sell which will be auctioned on 30th May.

any strategies to comeout with least loss.

 

1198. Ravi, Bangalore  May 27, 2011 7:23:08 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
Ravi, Bangalore's - IPO Comments

1193. n kumar

There is always a risk in selling shares before they come into your account. Looking at price and volume action from past two days, it is obvious that some investors have already sold their allotted shares. There is a good chance (95%+) that the shares will be credited by today morning. Please check-up once again. However, there is no guarantee that the credit of shares won't be delayed.

Remember what happened with NMDC FPO? People who sold the shares too early (22nd March 2010 and 23rd March 2010) gave short delivery and then had to face auction (26th March 2010 and 29th March 2010). The auction quantities for 26th and 29th were 115883 and 473652 respectively.

The exchanges don't care if the seller has the shares or not. The seller just has to deliver the shares on T+2 day. Sharekhan allows its clients to sell shares that they don't have in their demat account where as ICICIDirect don't allow. Probably, your broker will be able to give delivery because, I have also sold yesterday & I am not facing any problem so far. In the past, I had sold early in EIL FPO.

 

1197. n kumar  May 27, 2011 5:51:28 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
n kumar's - IPO Comments

Rajiv rastogi,

Thanks for the update.
I didn't get mail for the first 500 shares which i shortsold on 25/11/2011. so am i safe with the 500 shares i got from fpo shares. my current dp is showing dpbalance as 500 and netavailablebalance as 1500

 

1196. rajiv rastogi  May 27, 2011 5:46:35 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rajiv rastogi's - IPO Comments

Time to take some rest after having sleepless nights. PFC story ends here, superb tralior but bad bad movie, just like Akshay Kumar's past 5 movies.

 

1195. rajiv rastogi  May 27, 2011 5:40:53 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rajiv rastogi's - IPO Comments

Kumar, you should have number of shares shorted in sharekhan dp by 30th. Since next 2 days do not have settlements cos of saturday and sunday, you will get shares you bought today in dp as earliest by monday night and in higher chances by tuesday morning which means you will be late for providing shares. Instead of buying you should have contacted sharekhan for sorting out. Since its FPO and most people sell in advance thus you see most auctions I'm sure sharekhan would also not able to help you. If it was a case of default in margins or bad buying/selling (bought 100 and sold 110 or vice versa by mistake) sharekhan might have helped you but it's highly impossible your dealer might be having pfc shares. So your buying today was futile and did not helped in cause. Sorry.

 

1194. rajiv rastogi  May 27, 2011 5:30:31 PM IST |   Reply  |  I Like It.  Like  |  Report Abuse
rajiv rastogi's - IPO Comments

Yes there will be double brokerage payable. As I told if your broker is not able to arrange shares he'll go for auction. He won't pay charges from his pocket. And he'll definitely charge twice as once he sold for you and once he arranged shares by amount payable by you so exhange transfer shares to person who has bought shares that day from you. You are forgetting simple reason of auction. When there is a seller there is a buyer too hence to reconcile shares defaulted your beoker buys shares on your behalf at a penalised rate, exchange transfers it to party who suffered from your neglegence. I stated clearly if you are able to arrange shares you can save brokerage but have to pay auction price but if you couldn't, you'' pay double charges.

 

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