Upcoming FPO - ONGC Ltd

Oil & Natural Gas Corpn Ltd (ONGC) is entering in the capital markets with an Follow-on Public Offer, FPO of 42,77,74,504 Equity Shares of Rs 5 each. The price band for the issue has not been fixed yet.

Oil and Natural Gas Corporation Ltd (ONGC) is the largest oil and gas exploration and production company in India in Fiscal 2010. ONGC's main business segments are exploration and production, refining. During the fiscal year ended March 31, 2010 (fiscal 2010), ONGC had a crude oil production of 32.95 million metric tons and natural gas production of 27.98 million metric tons.

The issue opens on Sep 20, 2011 and closes for subscription on Sep 23, 2011. The equity shares of the issue are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

Upcoming FPO - Power Finance Corporation Ltd

Power Finance fixes it's FPO price band at Rs 193/- at lower level and Rs 203/- at upper level. The issue of PFC FPO opens on May 10, 2011 and closes for subscription on May 13, 2011.

Website

NSE Symbol: PFC
53 week High: 385 Rs.

PFC was set up on 16th July 1986 as a Financial Institution (FI) dedicated to Power Sector financing and committed to the integrated development of the power and associated sectors. The Corporation was notified as a Public Financial Institution in 1990 under Companies Act, 1956.

PFC's product portfolio comprise of Financial Products and Services like Project Term Loan, Equipment Lease Financing, Discounting of Bills, Short Term Loan, and Consultancy Services etc. for various Power projects in Generation, Transmission, and Distribution sector as well as for Renovation & Modernization of existing power projects.