[T.S.R:17076] Revised PTC India Financial Services IPO note

Dear Sir/Madam,

There was a correction that we have made in the IPO note of 'PTC India Financial Services Ltd.'. In the recommendation note, we had wrongly calculated P/BV of 1.19x, which we have amended it.  

At the upper end of the price band of Rs. 28, the correct P/BV of PTC India Financial Services Ltd. is 1.54x on post issue networth.

We apologize for the inconvenience created. Please find attached, the rectified IPO note for your reference.

With regards,

Ajcon Research

Ajcon Global Services Ltd.

 

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