PTC India Financial Services has fixed the price band for its initial public offering at Rs 26 - 28 per share, which would fetch the company nearly Rs 439 crore.
A fully-owned subsidiary of power trading firm PTC India, the company would be coming out with its IPO on March 16.
PTC India Financial Services has fixed the price band at Rs 26-28 for the sale of 15.67 crore shares, according to a public announcement today.
At a price of Rs 28, the company would mop up Rs 438.76 crore while at the lower end, the sale would fetch Rs 407.42 crore.
The IPO would close on March 18. Out of the total stocks on offer, 12.75 crore are fresh shares.
Proceeds from the share sale would be mainly used for the company's expansion plans.
PTC India Financial Services provides financial services to entities involved in the energy sector, including power projects. The company also offers non-fund based financial services to green field and brown field projects.
