India's Power Finance Corporation, PFC today set a price band of Rs 73-85 a share for its initial public offering, IPO of 117.3 million shares.
A government official said the issue would open January 31 and close February 6.
PFC is the first among four public sector power companies that would come out with an IPO over the next six months.
Late last year the Union Cabinet also permitted Power Grid Corporation, Rural Electrification Corporation and National Hydroelectric Power Corporation to tap the market.
Enam Financial Consultants, ICICI Securities and Kotak Mahindra Capital Company are the lead managers to the PFC issue.
