The price band has been fixed at Rs. 26-28 per share for the IPO that will be open from 16th March to 18th March, 2011. The shares are to be offered through a 100% book building process.
The company is to raise Rs. 407-439 crore depending upon the issue price. The company proposes to come out with a fresh issue of 12.75 crore equity shares and an offer for sale of 2.92 crore equity shares by Macquarie India Holdings Ltd as the selling shareholder. The face value of the shares will be Rs. 10.
The company has decided to offer discount of Re 1 to the issue price to retail individual bidders, PFC Financial Services Chairman T N Thakur told reporters here.
The Book Running Lead Managers (BRLM) to the offer are Almondz Global Securities Limited, ICICI Securities Limited, JM Financial Consultants Private Limited and SBI Capital Markets Limited.
Registrar of the Issue: Karvy Computershare Private Limited Hyderabad.
By:
Vismaya Agarwal (pgp01049.iimrohtak@iiml.ac.in)
