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NTPC FPO : Fixes price @ Rs 201

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The Follow-on Public Offer (FPO) of National Thermal Power Company (NTPC) is open now and it will be available for subscription between 3rd Feb 2010 to 5th Feb 2010. Government plans to divest 5 per cent stake in this State-run power major company. Presently Government has 89.5% stake in the company and after this IPO Government stake will come down to 84.5%. The Government will mop up a minimum of Rs 8286 crores from the sale of 41.22 crores shares.

The Government has fixed the price for the follow-on public offer (FPO) of NTPC at Rs 201 per share and this is 5% discount to CMP of NTPC share.

Share’s Data :
BSE Code : 532555
Mkt. Cap: Rs 172990 Crores
P/E: 20.72
EPS: 9.95
Face Value : Rs 10
Last Dividend : 8% On May 2009
52 Week H/L : Rs 241.70 / 166.00
NTPC Ltd. share’s CMP is Rs 209.80 on 3rd Feb 2010.

Issue Detail:
Issue Open : 3rd Feb 2010 – 5th Feb 2010
Issue Type : 100% Book Built Issue FPO
Issue Size : 412273220 Equity Shares of Rs. 10 each.
Issue Size : Rs. 8286.69 Crores
Face Value : Rs. 10 Per Equity Share
Issue Price : Rs. 201 Per Equity Share
Market Lot : 28 Shares
Minimum Order Quantity : 28 Shares
Listing At : BSE, NSE

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