PTC India Financial Services IPO
PTC India Financial Services IPO — date, price band, lot size & details 2011
PTC India Financial Services listed on 30 Mar 2011 at ₹26.75, 4.5% below the ₹28 issue price.
PTC India Financial Services is an NBFC subsidiary of PTC India that provides equity and debt financing mainly to power generation projects. Its total income was Rs 53.49 crore in FY2010.
Stock price
PTC India Financial Services is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 12 November.
- Open 16 Mar 2011
- Close 18 Mar 2011
- Allotment 25 Mar 2011
- Refund/credit TBA
- Listing 30 Mar 2011
Issue summary
The terms of the offer, as filed.
| IPO Dates | 16 to 18 Mar, 2011 |
|---|---|
| Price Band | ₹26 – ₹28 |
| Face Value | ₹10 |
| Lot Size | 250 Shares |
| Issue Size | ₹433.48 Cr |
| Sale Type | Fresh capital cum OFS |
| Listing On | BSE, NSE |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 7,000 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 250 shares at the ₹28 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 250 | ₹7,000 |
| Retail (max) | 28 | 7,000 | ₹1,96,000 |
| S-HNI (min) | 29 | 7,250 | ₹2,03,000 |
| S-HNI (max) | 142 | 35,500 | ₹9,94,000 |
| B-HNI (min) | 143 | 35,750 | ₹10,01,000 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 3.14 crore in FY2008 to Rs 53.49 crore in FY2010.
- 02Profit after tax rose from Rs 1.64 crore in FY2008 to Rs 25.45 crore in FY2010, and was Rs 31.22 crore in nine months to December 2010.
- 03Net worth was Rs 664.47 crore on 31 December 2010, giving room to borrow.
- 04Its parent PTC India gives it a link to the power sector; Rs 340.19 crore of the issue went to its capital base.
Risks · 5
- 01Total borrowing rose from nil in FY2008 to Rs 477.37 crore on 31 December 2010.
- 02Its loans are concentrated in power projects, so trouble in that sector hits its book; total assets were Rs 1,168.29 crore.
- 03Its record was short, with income of only Rs 11.60 crore in FY2009.
- 04Rs 80.78 crore of the issue went to Macquarie as offer for sale.
- 05PTC India held 77.6% before the issue and 60% after it.
Three years of numbers
All figures in ₹ crore, as reported in the PTC India Financial Services offer document.
| Metric | 31 Dec 2010 | 31 Mar 2010 | 31 Mar 2009 | 31 Mar 2008 |
|---|---|---|---|---|
| Assets | 1,168.29 | 959.04 | 630.55 | 112.83 |
| Total Income | 82.54 | 53.49 | 11.60 | 3.14 |
| Profit After Tax | 31.22 | 25.45 | 8.53 | 1.64 |
| NET Worth | 664.47 | 635.94 | 609.35 | 110.58 |
| Reserves and Surplus | 231.33 | 200.11 | 174.66 | 20.58 |
| Total Borrowing | 477.37 | 310.80 | 20.00 | 0.00 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the PTC India Financial Services RHP.
Where the money goes
₹355.36 Cr of the issue is earmarked to named objects.
About the company
It provides equity and debt financing, including short and long term debt and structured debt, with a focus on power generation projects in India.
It also offers fee based syndication and advisory services and carbon credit financing against certified emission reductions.
The IPO was Rs 433.48 crore, with Rs 352.70 crore of fresh issue and Rs 80.78 crore of offer for sale by Macquarie India Holdings, at Rs 28, the top of the Rs 26 to Rs 28 band. The fresh money was to augment its capital base for growth.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
PTC India Financial Services IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
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221 issues handledBest listing: Latent View Analytics (+160.0%). Weakest: Bannari Amman Spinning Mills (-25.2%).
Almondz Global Securities Ltd
23 issues handledBest listing: Amar Remedies (+100.0%). Weakest: First Winner Industries (-12.0%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of PTC India Financial Services?
The current Grey Market Premium is ₹0.
What is the PTC India Financial Services IPO price band?
₹26 to ₹28, on a face value of ₹10.
When is the allotment?
The basis of allotment is 25 March 2011, with listing on 30 March 2011.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
