Archive for the ‘FPO’ Category

Power Finance Corporation FPO subscribed

Power Finance Corporation Limited which had launched its FPO in a price band of Rs 193-203 was fully subscribed. The issue was open from Tuesday the 10th of May and closed on Thursday the 12th of May for QIB’s and on Friday the 13th of May for all other non-QIB bidders. The issue was subscribed […]

Power Finance Corporation FPO Investment Case

Retail investors must grab opportunity Power Finance Corporation Limited is tapping the capital markets with its FPO (follow on public offer) where the QIB portion has closed for subscription being subscribed 6.92 times. The issue closes for non QIB’s on Friday the 13th of May. Price Band Rs 193 – Rs 203 Discount to Retail […]

Power Finance Corp QIB portion of FPO oversubscribed

The FPO from Power Finance Corporation Limited has been fully subscribed. Today the issue closed for QIB’s and that portion was subscribed 6.92 times. This is a good level of subscription and shows the appetite that the share has generated. The HNI portion was hardly subscribed while the retail portion was subscribed by a third […]

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