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State-run Power Finance Corporation' follow-on public offer, which closes today, has received good response from qualified institutional investors on Day 3. The issue has been subscribed 3.6 times so far, according to data showed on National Stock Exchange.
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State-run Power Finance Corporation Ltd's up to USD 1 billion share sale was fully covered by afternoon on Thursday, the third day of the offer.
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The follow-on public offer of state-run Power Finance Corporation (PFC) got subscribed 20% on the second day of issue on Wednesday.
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Power Finance Corporation on Wednesday said it will shortly hike its lending rate between 25 to 50 basis points.
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The follow-on-public offer of Power Finance Corporation (PFC) - leading financial institution in India focused on the power sector - opened for subscription. Nirmal Bang has recommended subscribing the issue with a medium to long-term perspective, in its research report.
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The follow-on-public offer of Power Finance Corporation (PFC) - leading financial institution in India focused on the power sector - opened for subscription. PFC offers more than 22.95 crore equity shares through the public offer.
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The follow-on-public offer (FPO) of Power Finance Corporation (PFC) - leading financial institution in India focused on the power sector - has opened for subscription.
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From a valuation perspective, PFC’s offer price at the lower end of the price band discounts its 2010-11 earnings per share (EPS) of Rs 22.82 8.5 times. It has a book value of Rs 134.28.
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PFC FPO is looking good for long term investors, says PN Vijay, Portfolio Manager.
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Satnam Singh, chairman and managing director of PFC said, "hike in interest rates would not have a significant impact on the company's future margins. As fas as future lending is concerned, they are in a position to pass on the increased cost of funds to developers."
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There isn’t a whole lot to recommend PFC FPO. The price is not unattractive on valuation terms. PFC’s valuation is not stretched at 1.3-1.4 times book. It is in line with many public sector banks as well with a superior return and growth profile.
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The government’s first divestment of FY12, the follow-on-public offer (FPO) of Power Finance Corporation (PFC) has opened for subscription today.
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SP Tulsian of sptulsian.com, in an interview with CNBC-TV18’s Mitali Mukherjee and Udayan Mukherjee, spoke about his reading of the market and his outlook on a couple of multi-bagger ideas.
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Follow-on public offer of state-run lender Power Finance Corporation (PFC) will open for subscription during May 10-13, reports CNBC-TV18 quoting sources.
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State-run lender Power Finance Corporation has received the approval for red herring prospectus in respect of the proposed follow-on public offer (FPO) from board of directors in a meeting held on April 24, 2011.
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The divestment programme for 2011-12 could be starting with Power Finance Corporation's follow-on public offer (FPO), reports CNBC-TV18. Finance Minister Pranab Mukherjee has set the divestment target of Rs 40,000 crore for FY12.
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State-run financial institution providing finance only to power sector Power Finance Corporation (PFC) has filed draft red herring prospectus (DRHP) with the SEBI for further public issue of 229,553,340 equity shares of face value of Rs 10 each.
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State-run financial institution dedicated to power sector financing Power Finance Corporation (PFC) has filed draft red herring prospectus (DRHP) with the SEBI, reports CNBC-TV18 quoting sources.
