NHPC,PGCIL IPOs under process

National Hydroelectric Power Corporation IPO 

National Hydroelectric Power Corporation(NHPC) filed its draft red herring prospectus for an IPO with the Securities and Exchange Board of India (SEBI) on April 2nd,for which the market regulator SEBI has sought some clarification from the merchant bankers of NHPC on its draft IPO prospectus.

For NHPC, the “processing is complete and certain clarifications are awaited from lead managers” to the issue, according to information available with SEBI. 

For NHPC IPO the company has appointed Enam Financial Consultants Pvt Ltd, Kotak Mahindra Capital Company and SBI Capital Markets Ltd as the lead managers to the issue. 
 

Power Grid Corporation IPO 

The country’s largest power transmission utility Power Grid Corporation(PGCIL) submitted its IPO documents  on April 17. According to SEBI PGCIL’s IPO draft prospectus is “under process” and a decision is expected “within 15 days”.

Power Grid has appointed Kotak Mahindra Capital Company as the lead manager to the issue.

For  Updates on National Hydro Electric Power Corporation IPO issue dates and Power Grid Corporation IPO issue dates do check this blog reularly.