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Saturday, May 28, 2011

PFC (Power Finance Corporation) FPO Subscription-Third day (12/5/2011)

Today was the last day for QIB Category to bid for the issue.
By the end of the third day, issue was oversubscribed by 3.58 times, QIB portion was oversubscribed by 6.92 times, HNI and Retail portions were under subscribed by 1 percent and 3.4 percent respectively.
This means, after many days’ retail and HNI investors shall get full allotment for the bid placed.
Unsubscribed HNI and Retail shares shall be allocated to QIBs.

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