PFC FPO opens for subscription on May 10, 2011

The Further Public Offering (FPO) of Power Finance Corporation Limited will open for subscription by investors on May 10, 2011.

The company is coming out with further public issue of 229,553,340 Equity Shares of Rs.10/- each for cash at a price band of Rs.193 to Rs.203 through 100% book building process.

The Minimum Order Quantity is 28 Equity Shares and in multiples of 28 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs.200000.

DSP Merrill Lynch Limited, Goldman Sachs (India) Securities Private Limited, ICICI Securities Ltd and JM Financial Consultants Private Ltd are the Book Running Lead Managers and Syndicate Members to the FPO. Karvy Computershare Private Limited is the registrar to the company.

The FPO closes for subscription on May 13, 2011. For QIB bidders Issue closes on May 12, 2011.

Source : Equity Bulls

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