India`a largest hydel power generator National Hydroelectric Power Corporation (NHPC) IPO, has received an overwhelming response on day 1. It has been over subscribed by 3.54 times on day 1 according to the stock exchanges.
Qualified institutional buyers(QIBs) led the race subscribing by 6 times to the issue. This was followed by retail individual investors and non-institutional investors who subscribed 0.09 times and 0.0062 times respectively. NHPC IPO was fully subscribed within initial minutes of the opening today.A total 5,940,924,150 of bids were received out of which 42,954,275 bids were received at a cut-off price.
The company has fixed a price band at Rs 30- Rs 36 a share. The issue closes on Wednesday, August 12.
More information on NHPC IPO Subscription & NHPC IPO Allotment details will be posted soon.
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2 comments ↓
What does NHPC do? National Hydro Power Corporation has the biggest portfolio of hydro generation assets in India (13 projects, Installed capacity of 5175 MW). The organization has the experience, expertise and organizational setup to finance, build, own and operate large hydro generation plants. The company has plans to develop another 11 projects of 4600MW by 2014.
opening adani& nhpc ipo details
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