Power companies ready to hit the market
It is not just the telecom IPOs, which are lining up on Dalal Street. This year will also see a record four mega power IPOs and the first of them is India's largest power finance company, Power Finance Corporation (PFC). PFC is hoping to raise nearly Rs 1,000 crore from the stock market at a price band of Rs 73-85. PFC is offering investors 10 per cent of its post issue capital with nearly 50 per cent of the issue reserved for institutional investors.
