NHPC IPO oversubscribed seven times on opening day 7th Jul 09
Indian Governments Mini Ratna National Hydroelectric Power Corp’s (NHPC) initial public offer (IPO) was oversubscribed a little over seven times, according to the data available with NSE on Friday.
The price band for NHPC was decided earlier as Rs. 30 to Rs 36 and it is going to open today 7th Jul and will close on 12th Jul 09. The company had offered 167.73 crore shares with a face value of Rs.10 each.
The company plans to raise over Rs.6,000 crore from the IPO, the second biggest public offering after Reliance Power.
The NHPC IPO came days after the Adani Power IPO, which witnessed robust investors’ interest and was subscribed over 21 times
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