By VS Fernando, IPO Analyst at India Aarthik Research
Power Finance Corporation (PFC), a government company, is offering shares to the public in the price range of Rs 193-203/share. It has a high growth potential and the pricing is reasonable from a medium term perspective. Given that the company finances long-gestation projects, it is more likely to be a steady long-term compounder of your money rather than something to offer immediate gains. The retail discount of 5% increases the comfort level of individual bidders.| OFFER AT A GLANCE | |
| Name | Power Finance Corporation Ltd |
| Offer Quantity | 22.95 cr eq shares of Rs 10 each comprising:a) Fresh issue of 17,21,65,005 eq shares andb) Offer for sale of 5,73,88,335 eq shares |
| Price Range | Rs 193 to Rs 203 |
| Offer Amount | Rs 4,429 cr to Rs 4,659 cr. |
| Bid Quantity | 28 eq shares & in multiples of 28 |
| Bid/Offer Opens | May 10, 2011 |
| Bid/Offer Closes | May 13, 2011 |
| Lead Managers | DSP Merrill Lynch, Goldman Sachs India, ICICI Securities, JM Financial |
| Registrars | Karvy Computershare |
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