PFC FPO IPO: Review Analysis & Details of Power Finance Corporation FPO

It's the season of IPO's and FPO's - so the Government of India has also joined the party with an FPO of Power Finance Corporation Limited.
The FPO or follow-on public offer of the another government owned healthy company called PFC or Power Finance Corporation Limited has opened up. Investors who are interested in applying for this FPO or IPO should note that this is NOT an IPO, rather it is an FPO since the PFC Shares are already listed on the stock exchanges. This is the same company which came out with the PFC Infrastructure Bonds
In this article, we will look at the Review, Analysis and Details of the PFC FPO and try to do the Review and analysis of Power Finance Corporation FPO.

PFC Power Finance Corporation FPO: Review Analysis & Details

Some basic details first about the PFC FPO, which are available as of now:

- The issue size of the PFC IPO is Rs 4,700 crores
- The details about FPO price of PFC is not knows as of yet. However, if the FPO price is offered at a discount to the current price, it is worth subscribing to the FPO
- Being a Navratna company, it is recommended for both a medium term and long term hold

What is the issue size of the PFC IPO?
A total of 22.95 crore shares will be sold through the FPO.

What is the price band of PFC IPO?
The price band of PFC FPO is Rs 193 to Rs 203 per share.

How many shares will be sold in the PFC IPO?
The total no. of shares to be sold through this IPO is a total of 22.95 crore equity shares.

What is the trading symbol & exchange for the PFC IPO
No info about that

What are the IPO dates for PFC IPO
The PFC IPO FPO dates are from 10 May 2011 to 13 May 2011.

Any ratings given to PFC IPO?
No information about that. However, being a Navratna company already listed in the stock markets, this is known to be having very good fundamentals
PFC initially listed on the stock exchanges in March 2007 and since then it has doubled in value, as per the recent market cap stats.

What are the analysts recommendations and business results for PFC IPO?
Being a government owned Navratna company, it is recommended that investors can stay invested in this company shares for long term. This company also brought the Infrastrcuture Bonds issue recently PFC Infrastructure Bonds
On the first day of opening of FPO, the FPO was subscribed by 9%.
BofA Merrill Lynch, Goldman Sachs, JM Financial are the BRLM or Book Running Lead Managers to the issue