PTC India Financial Services debuted at Rs 28 at its issue price on the BSE
The scrip is currently trading at Rs 25.35, down by 2.65 points or 9.46% from its issue price and has touched a high and low of Rs 28.00 and Rs 24.65 respectively. So far 3870647 shares were traded on the counter.
Indian non-banking financial institution promoted by PTC India has fixed the issue price at Rs 28, at the higher end of price band of Rs 26-28 a share. The issue was subscribed 1.7 times.
It is a special purpose investment vehicle to provide total financial services to the entities in energy value chain, which inter-alia includes investing in equity and/or extending debt to power projects in generation, transmission, distribution; fuel sources, fuel related infrastructure like gas pipelines, LNG terminals, ports, equipment manufacturers and EPC contractors etc. It also provides non-fund based financial services adding value to green field and brown field projects at various stages of growth and development.
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