PTC India Financial Services (PFS), a unit of PTC India, on Wednesday said it would allot 2.35 crore shares to anchor investors at Rs 28 apiece, the upper end of its IPO price band.
The company is aiming to raise around Rs 439 crore through an initial share sale offer of 15.67 crore shares. In a disclosure to National Stock Exchange, PFS said it would allot 2.35 crore shares to three anchor investors — HSBC Bank Mauritius Ltd A/c GMFA Asia Venture Ltd, Capital International Emerging Markets Fund and Emerging Markets Growth Fund Inc.
PFS would raise nearly Rs 66 crore through the allotment. The company has fixed a price band of Rs 26-28 a share for the IPO, which opened on Wednesday. The issue would close on March 18.
