NTPC FPO Price Range - Indian IPO Blog

Wednesday, February 3, 2010

NTPC FPO Price Range

NTPC FPO consists of 412,273,220 Equity Shares of Rs.10/- each at prices to be determined through an alternative book building process. In this case, there is no price band is fixed as is generally done in case of a Public Offer. Instead, in this kind of issue, a Floor Price is declared. The Floor Price for the NTPC FPO is fixed at Rs.201/- per equity share. The Bid Lot is 28 Equity Shares and in multiples thereof

Thus, for Retail Category, HNI Category and Reserve Category, Price would be the Floor price, i.e. Rs. 201/-, whereas for QIB category, Price would be any price above floor price

National Thermal Power Corporation Limited (NTPC) is the largest power generating company in India. It has emerged as an ‘Integrated Power Major’, with presence in the entire value chain of power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilization and coal mining

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