Power Finance Corporation, PFC, a leading power sector public financial institution, will list on the bourses with 1,14,77,66,700 shares on February 23, 2007.

Analysts are expecting the stock is going to list above Rs 100. If the markets move higher; it can cross Rs 125 also.

Its issue had received good response from investors as the issue oversubscribed 77.24 times. The offer price was fixed at Rs 85 per share.

RS Iyer of KR Choksey believes that PFC will list at around Rs 115. If it goes Rs 125 onwards, people can book profits otherwise they can stay invested for long term. If the stock comes at around Rs 95, people can buy it. It is a very good company as India is in need of more power.

The company entered capital market with an initial public offer, IPO of 117,316,700 equity shares of Rs 10 each to the public, through a 100% book building process.

SP Tulsian feels that PFC is not an extraordinary issue; reasonable issue. It may list at around Rs 100. Long term investors can remain invested in the stock while those who wants to book profits they can go for it.

The objects of the issue were to augment the company's capital base to meet the future capital requirements arising out of growth in the company's assets.