NHPC IPO issues open on 7th August & closes on 12th…
NHPC Limited, a Mini-Ratna Category-I public sector undertaking and hydroelectric power generating company, has fixed the price band between Rs 30 and Rs 36 per equity share for its initial public offering (IPO) of 1,67,73,014 equity share of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process.
The issues opens on August 7 and closes on August 12. The issue will constitute 13.64 per cent of the post-issue capital of NHPC.
The issue comprises a fresh issue of 1,11,82,49,343 Equity Shares by NHPC and an offer for sale of 55,91,24,672 Equity Shares by the President of India acting through the Ministry of Power, Government of India. The issue comprises a net issue to the public 1,63,54,39,665 Equity Shares and a reservation of 4,19,34,550 Equity Shares for subscription by eligible employees at the issue price.
At least 60 per cent of the issue will be allocated on a proportionate basis to Qualifed Institutional Buyers (QIBs). Out of which five per cent will be available for allocation on a proportionate basis to Mutual Funds only and the remainder will be available for allocation on a proportionate basis to all QIBs, including Mutual Funds Issue Price.
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