Issue Open | Jan 31, 2007 |
Issue Close | Feb 6, 2007 |
IPO Price | ₹85 |
Face Value | ₹10 |
IPO Size | ₹997.19 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 80 |
POWER FINANCE CORPORATION LIMITED BASIS OF ALLOTMENT PUBLIC ISSUE OF 11,73,16,700 EQUITY SHARES OF RS. 10 EACH FOR CASH AT A PRICE OF RS. 85 PER EQUITY SHARE (INCLUDING SHARE PREMIUM OF RS. 75 PER EQUITY SHARE) AGGREGATING TO RS 99,719.19 LACS (THE ISSUE"). THE ISSUE COMPRISED A RESERVATION OF UP TO 25,00,000 EQUTY SHARES FOR SUBSCRIPTION BY EMPLOYEES AND A NET OFFER TO THE PUBLIC OF 11,48,16,700 EQUITY SHARES OF RS.10 EACH FOR CASH AT A PRICE OF RS.85 PER EQUITY SHARE. THE ISSUE CONSTITUTES 10.22% OF THE FULLY DILUTED POST ISSUE PAID-UP CAPITAL OF POWER FINANCE CORPORATION LIMITED. ("COMPANY" OR "ISSUER"). THE FACE VALUE PER EQUITY SHARE IS RS.10. THE ISSUE PRICE PER EQUITY SHARE IS
RS. 85 The Issue was made through the 100% Book Building Process wherein at least 50% of the net Issue was to be allocated on a proportionate basis to Qualified Institutional Buyers ("QIBs") (including 5% of the QIB portion that was to specifically be allotted to mutual funds), further, up to 15% of the Issue was available for allocation on a proportionate basis to Non-Institutional Bidders and up to 35% of the Issue was available for allocation on a proportionate basis to Retail Bidders, subject to valid bids being received at or above the Issue Price. The Issue received 6,24,609 applications for 905,24,72,775 Equity Shares resulting in 77.16 times subscription. The details of the applications received in the Issue from Qualified Institutional Buyers, Non-Institutional Investors, Retail Individual Investors and Employees (Before technical rejections) are as under:
Final Demand
The Basis of Allocation was finalized in consultation with the National Stock Exchange of India Limited ("NSE") on February 19, 2007. A. Allocation to Employees (After Technical Rejections)
B. Allocation to Retail Individual Investor (After Technical Rejections)
C. Allocation to Non Institutional Investors (After Technical Rejections)
D. Allocation to QIBs
The Board of Directors of the Company at it's Meeting held at Hyderabad on February 19,2007 has approved the basis of allotment of Equity Shares in the Issue and has allotted the Equity Shares to various successful applicants. The CAN-cum-Refund Orders and allotment advice and notices have been dispatched to the address of the investors as registered with the depositories. In case the same is not received within ten days, investors may contact at the Registrar to the Issue at address given below. The Refund Orders have been over-printed with the Bank Mandate details as registered, if any, with the depositories. The Equity shares allocated to successful applicants are being credited to their beneficiary accounts subject to validation of the account details with the depositories concerned. The company is taking steps to get the Equity Shares admitted for trading on the National Stock Exchange of India Limited and Bombay Stock Exchange Limited within seven working days from the date of approval of the basis of allotment. INVESTORS PLEASE NOTE KARVY COMPUTERSHARE PRIVATE LIMITED
THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARE ON LISTING OR THE BUSINESS PROSPECTS OF POWER FINANCE CORPORATION LIMITED. |
The PFC IPO basis of allotment (published above) tells you how shares are allocated to you in PFC IPO and category wise demand of IPO share.
Visit the PFC IPO allotment status page to check the number of shares allocated to your application.
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