Most-awaited public issue of Power Finance Corporation Limited, a Government of India Undertaking, is live now.
⭐ Issue Details:
Issuer Name: Power Finance Corporation Limited
Minimum Investment: ₹10,000
Coupon: Up to 7.55% p.a
Rating: “AAA Stable” by CARE, CRISIL and ICRA
Tenor (in years): 3/10/15
Payment Frequency: Annually
Nature of Instrument: Senior, Secured, Rated, Listed, Redeemable Non-Convertible Debentures
Issue Date: July 21, 2023 to July 28, 2023
Issue Size (Base+Greenshoe): ₹5,000 crores
Allotments are on First Come First Serve Basis!
👉 Invest IPO:
👉 Read Blog:
🎙️ Speakers (PFC):
– Smt. Parminder Chopra, Director (Finance), Additional Charge CMD
– Sh. Sandeep Kumar, Executive Director (Finance)
– Sh. Sanjay Mehrotra, Executive Director (Finance)
🎯 Hosted by: Mr. Abhijit Roy, CEO & Co Founder, GoldenPi Technologies
⏰ Invest in just 5 minutes
📱 Complete UPI-based online payment process
💰 Invest as low as 10K
⭐ About the Company:
– Power Finance Corporation Limited (“PFC”), a Schedule-A Maharatna Central Public Sector Enterprise (“CPSE”) that specialises in the power industry, was founded in 1986 and is one of India’s top public financial institutions. According to the Companies Act of 2013, PFC is a publicly traded Government of India (“GoI”) business and a public financial institution. The Company is listed with the RBI as an NBFC that does not accept deposits.
– PFC plays a strategic role in the initiatives of the GoI for the development of the power sector in India and works with GoI agencies, state governments, power sector utilities, other power sector intermediaries and private sector clients for the development and implementation of policies and for structural and procedural reforms in the power sector in India.
– Smt. Parminder Chopra is the Chairman and Managing Director and has more than three decades of experience catering to major power sector organizations.
👉PFC Group is the leading financial institution in India in the power sector
👉 According to Public Enterprises, PFC is one of the Top 10 Profit-Making CPSEs in FY 2021–2022.
👉 Survey 2021–22, a document released by the Ministry of Finance’s Department of Public Enterprises.
👉 In October 2021, PFC received Maharatna Status, the highest honor bestowed upon a CPSE.
👉 According to Forbes Global 2021, PFC is rated 365th in the world in terms of the amount of its balance sheet assets.
👉 In the Fortune 500 India 2022, PFC is placed number 34.
👉 In FY 2021–2022, PFC produced its highest-ever net profit of Rs. 10,022 crores.
👉 Of all Central Public Sector Enterprises (CPSEs), the largest consolidated balance sheet size.
⭐ Issue analysis
👍🏻 Pros
– PFC has a AAA/Stable rating from CRISIL, which means that it is considered to be a very safe investment.
– These NCDs are senior secured in nature providing an additional layer of protection to your investment.
– An opportunity to invest in one of the leading NBFCs in India.
– An option to invest in short as well as long term tenures.
– Including AAA/Stable rated NCDs in an investment portfolio can diversify risk, especially for investors with a large exposure to equities or other high-risk assets.
👎🏻 Cons
– The interest rates on NCDs are typically lower than the returns on other types of investments, such as stocks or mutual funds.
– In a changing interest rate environment, the fixed interest rate on the NCD may become less attractive if market interest rates rise significantly.
Source: Shelf Prospectus and Tranche I Prospectus both dated July 17, 2023
Disclaimer: Investments in debt securities are subject to risks. Read all the offer-related documents carefully. Invest only after referring to Shelf Prospectus and Tranche I Prospectus both dated July 17, 2023
source