TODAY EVENING U WILL GET CREDIT POWER FINANCE FPO IN YOUR DP ACCOUNT
Power Finance Corporation Ltd has informed BSE that the Further Public Offer (`Issue`) of the Company received 258497 valid banking applications for 22,95,53,340 Equity Shares resulting in 4.31 times subscription. The basis of allotment and allocation in relation to the Further Public Offer of the Company, as finalized in consultation with the National Stock Exchange of India Ltd, being the Designated Stock Exchange, and approved by the Board of Directors of the Company, at its meeting held on May 24, 2011 is summarized as herein below;
1. The Employees portion was subscribed 0.87 times. The total number of Equity Shares allotted in the Employee Reservation Portion was 240016. The under subscribed portion of 35448 Equity Shares has been spilled over to QIB, Retail and Non Institutional category in the ratio of 50:35:15.
2. The Retail portion was subscribed 1.97 times. Overall, 254907 applications for 157362324 Equity Shares were found valid and were considered for allotment on a proportionate basis. The number of shares allotted in this category was 80288364 (including a spill - over of 41107 Equity Shares from the Employee and Non Institutional Investor category) to 249334 applicants.
3. The Non-Institutional Portion was subscribed to the extent of 1.08 times. Overall, 176 applications for 34327300 Equity Shares were found valid and were allotted. The under subscribed portion of 64382 Equity Shares has been spilled over to Retail and QIB category in the ratio of 35:50.
4. The QIB Portion was subscribed to the extent of 6.92 times. Overall, 155 applications for 792568812 Equity Shares were found Valid and the quantum of Equity Shares Allotted in this category was 114697660 (including a spill-over of 58723 Equity Shares from the employee and Non Institutional Investor category).
Power Finance Corporation Ltd has informed BSE that the Further Public Offer (`Issue`) of the Company received 258497 valid banking applications for 22,95,53,340 Equity Shares resulting in 4.31 times subscription. The basis of allotment and allocation in relation to the Further Public Offer of the Company, as finalized in consultation with the National Stock Exchange of India Ltd, being the Designated Stock Exchange, and approved by the Board of Directors of the Company, at its meeting held on May 24, 2011 is summarized as herein below;
1. The Employees portion was subscribed 0.87 times. The total number of Equity Shares allotted in the Employee Reservation Portion was 240016. The under subscribed portion of 35448 Equity Shares has been spilled over to QIB, Retail and Non Institutional category in the ratio of 50:35:15.
2. The Retail portion was subscribed 1.97 times. Overall, 254907 applications for 157362324 Equity Shares were found valid and were considered for allotment on a proportionate basis. The number of shares allotted in this category was 80288364 (including a spill - over of 41107 Equity Shares from the Employee and Non Institutional Investor category) to 249334 applicants.
3. The Non-Institutional Portion was subscribed to the extent of 1.08 times. Overall, 176 applications for 34327300 Equity Shares were found valid and were allotted. The under subscribed portion of 64382 Equity Shares has been spilled over to Retail and QIB category in the ratio of 35:50.
4. The QIB Portion was subscribed to the extent of 6.92 times. Overall, 155 applications for 792568812 Equity Shares were found Valid and the quantum of Equity Shares Allotted in this category was 114697660 (including a spill-over of 58723 Equity Shares from the employee and Non Institutional Investor category).
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