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NHPC public issue subscribed 23.7 times
This article was posted on Aug 13, 2009 and is filed under Press Releases
Mumbai: The initial public offer of the state-run hydropower company, NHPC, was subscribed 23.72 times. The issue, which closed on Wednesday, received bids for 3,979 crore shares against the 168 crore shares on offer, according to the data available on the NSE Web Site.
IPOs: India 6th most active nation
The QIB portion was subscribed 29.1 times, HNIs 56.56 times and the retail 3.1 times. The issue was offered in the Rs 30-36 price band. Merchant bankers said the majority of the bids came in at the upper end of the price band.
The 30 crore shares of the Adani Power issue, which closed last month, was subscribed 21.59 times.
source: SIfy Finance
Tags: NHPC, NHPC IPO, NHPC listing date, NHPC price, subscribe to NHPC or not
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