Subject: Upcoming FPO - Power Finance / IPO Bidding - Vaswani Industries
1. Upcoming FPO - Power Finance Corporation Ltd (PFC)
Power Finance Corporation Ltd (PFC) is entering in the capital markets with a follow-on public offering, FPO of 22,95,53,340 Equity Shares of Rs 10 each. The issue opens on May 10, 2011 and closes for subscription on May 13, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).
Power Finance Corporation ltd is India based Financial Institution (Non Banking Financial Company) providing funding to Power Sector projects. The company has status of Nav-Ratna PSU by Government of India. PFC provides large range of Financial Products and Services including Project Term Loan, Lease Financing, Direct Discounting of Bills, Short Term Loan, Consultancy Services etc. for various Power projects in Generation, Transmission, and Distribution sector as well as for Renovation & Modernization of existing power projects.
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2. Vaswani Industries Ltd IPO subscribed 1.26 times on its day 2. Vaswani Industries IPO was open on Apr 29, 2011 and will close tomorrow on May 03, 2011 for subscription. Vaswani Industries has received bids for 1,26,18,840 shares as against issue size of 1,00,00,000 shares.
Subscription Detail for Day 2
Qualified Institutional Buyers (QIBs): 0.00 Times
Non Institutional Investors: 7.41 Times
Retail Individual Investors (RIIs): 0.43 Times
Total: 1.26 Times
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