Thursday, August 13, 2009

NHPC IPO - Subscription details

NHPC recieved a good response from investors. The 168-crore shares issue of NHPC — the largest in terms of number of shares on offer, was subscribed 23.72 times. This was the first stake sale by a public sector company after Rural Electrification Corporation issue in January 2008.

At the end of the IPO,
QII segment was subscribed 29.16 times
NII segment was subscribed 56.7 times
Retail segment was subscribed 3.87 times
Employee reservation segment was subscribed 0.57 times

The shares are expected to be listed in the first week of september. Watch out this blog for all details of allotment and listing! Also, watch this blog for details on the next in line big IPO - OIL - it is already getting good rating from credit agencies!

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