NHPC IPO in last quarter of 2008

The proposed IPO of State-owned National Hydro Power Corporation (NHPC) which was expected to hit the markets before the end of March 2008 has been postponed and NHPC IPO will hit the markets in the fourth quarter of 2008.

National Hydroelectric Power Corporation (NHPC) is the country’s largest hydro-power company and has plans to raise nearly Rs 1700 crore from its initial public offering (IPO). NHPC had filed the draft red herring prospectus with the market regulator SEBI in April .