Power Finance Coporation Ltd files DRHP with SEBI

Power Finance Coporation Ltd has filed the Draft Red Herring Prospectus with SEBI for its forthcoming Initial Public Offering. Power Finance Coporation Ltd has filed DRHP for a public issue of up to 117,316,700 equity shares of Rs.10 each for cash at a price to be decided through 100% book building process.

The issue comprises an issue of up to 114,816,700 equity shares by PFC and a reservation of up to 2,500,000 equity shares for subscription by employees at the issue price. The issue shall constitute 10.22% of the fully diluted post-issue capital of the company.

ENAM Financial Consultants Pvt Ltd, ICICI Securities Ltd, Kotak Mahindra Capital Company Ltd are the book running lead managers for the issue. Karvy Computershare Pvt Ltd is the registrar for the issue.

The website of the company is Power Finance Corporation

Source : Equity Bulls

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