PTC India Financial Services Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 78,350,000 (50%) | — | ₹21,938 Cr |
| NII (HNI) | — | 23,505,000 (15%) | — | ₹6,581 Cr |
| Retail | — | 54,845,000 (35%) | — | ₹15,357 Cr |
| Σ Total | — | 156,700,000 (100%) | — | ₹438,760 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 250 | ₹7,000 |
| Retail (Max) | 13 | 3,250 | ₹91,000 |
| S-HNI (Min) | 14 | 3,500 | ₹98,000 |
| B-HNI (Min) | 67 | 16,750 | ₹469,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augment the capital base to meet the future capital requirements arising out of growth in the business. –
- 2 To achieve the benefits of listing on the Stock Exchanges. –
Company Overview
Incorporated in 2006, PTC India Financial Services Ltd (PFS) is an Indian non-banking financial institution, a subsidiary of and promoted by PTC India Limited ("PTC"). They are financial institutions in India that provide both equity and debt financing, including short-term and long-term debt, as well as structured debt financing. They are currently focusing on power generation projects in India. Thet also provide fee based syndication and advisory services as well as carbon credit financing against certified emissions reduction (CER) exclusively to the power sector.
As a promoter, PTC holds 77.60% of the equity whereas the remaining 22.40% is shared equally by Goldman Sachs Strategic Investments Limited, Mauritius and Macquarie Group Limited, Australia. PTC is a GoI initiated public-private partnership promoted by National Thermal Power Corporation ("NTPC"), Power Grid Corporation of India Limited ("Power Grid"), Power Finance Corporation Limited ("PFC") and NHPC Limited ("NHPC").