The Finance Ministry has proposed a 9.5% stake sale in NTPC, reports CNBC-TV18. There is a strong possibility that NTPC stake sale disinvestment may happen in tranches and sources add that this is very much part of the CCEA note. The route that has been identified for this disinvestment is the offer for sale.

NTPC Limited (formerly National Thermal Power Corporation) is the largest Indian state-owned electric utilities company based in New Delhi, India. It is listed in Forbes Global 2000 for 2011 ranked it 348th in the world. It is an Indian public sector company listed on the Bombay Stock Exchange. With a current generating capacity of 39,174 MW, NTPC has embarked on plans to become a 75,000 MW company by 2017.

The company was founded on 7 November 1975. On May 21 2010, NTPCL was conferred Maharatna status by the Union Government of India.

The Retail Category was subscribed to the extent of 0.14 times and hence Allotment was done on Full and Firm basis to all valid applicants. The total number of Equity Shares Allotted in Retail Individual category is 20,546,960 Equity Shares to 89,196 applicants. Under-subscription in the Retail Portion of 122,253,040 Shares was added to the QIB Portion

NTPC FPO Allotment Status is now available online and can be checked at the following link

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Basis of Allotment for NTPC FPO will be updated here as soon as it is made available. Keep checking back for regular updates

The FPO of National Thermal Power Corporation (NTPC) Limited, the largest power generation company in India, has been finally subscribed 1.20 times on an overall basis. The QIB Category has been oversubscribed 2.18 times. Following is the category-wise Bidding Status of NTPC FPO:

National Thermal Power Corporation (NTPC) FPO Bidding Status (Final) as on Friday, February 02, 2010 1700 hrs IST:
QIB: 2.18 times
Non-Institutional Investors: 0.43 times
Retail: 0.16 times
Employees: 0.44 times
Overall: 1.20 times

NTPC FPO has been subscribed 0.80 times or 80% till Day 2 of its opening. The IPO has been subscribed 1.57 times till Day 2 in the QIB Category, which has received bids for 320533444 Equity Shares as against 204000000, being the number of shares reserved for the category. However, the FPO has not seen much of Retail participation till Day 2, as the Retail Category has received subscription of 0.33 times or about 33% till the second day of the FPO. Following is the NTPC Ltd. FPO Bidding Status till Day 2

NTPC FPO Bidding Status as on Thursday, February 04, 2010 1700 hrs IST:
QIB: 1.57 times
Non-Institutional Investors: 0.08 times
Retail: 0.03 times
Employees: 0.10 times
Overall: 0.80 times

NTPC FPO has been bid 0.77 times on the first day of the IPO. The Floor Price for FPO is fixed at Rs.201/- per equity share. The FPO consists of 412,273,220 equity shares of Rs 10 each at prices to be determined through an alternative book building process. The current offering (FPO) is for divestment of 5% in NTPC Limited by Government of India, which owns approximately 89.5% of NTPC’s Equity Share Capital. Click here for category-wise bidding status of NTPC FPO on Day 1

NTPC was set up in 1975 to accelerate power development in India. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilisation and coal mining and is currently the largest power generation company in India

Stay tuned for the day to day bidding status updates of NTPC FPO!

French Auction Model is an alternative book building model, whereby instead of fixing a specific Price Band for the IPO, a price known as "Floor Price" is initially fixed.

Institutional buyers are free to bid above the floor price so fixed and the allotment is done on a price-priority basis at differential prices. That is to say that in this type of model, different investors get shares at different prices. If two or more investors bid a certain quantity of shares at the same price then the allotment to these investors is done proportionately

Thus, in this model, for Retail Category and HNI Category, price for bidding would be the Floor price whereas for QIB category, price can be any price above floor price

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

QIB: 1.55 times
Non-Institutional Investors: 0.04 times
Retail: 0.00 times
Employees: 0.00 times
Overall: 0.77 times

The Floor Price for the upcoming Follow-on Public Offer (FPO) of National Thermal Power Corporation (NTPC) Limited, the largest power generation company in India, is fixed at Rs.201/- per equity share. The bid lot is 28 equity shares and in multiples thereof

The FPO would consist of 412,273,220 equity shares of Rs 10 each at prices to be determined through an alternative book building process

Click here for more on NTPC FPO!

The Floor Price for the upcoming Follow-on Public Offer (FPO) of National Thermal Power Corporation (NTPC) Limited, the largest power generation company in India, is fixed at Rs.201/- per equity share. The FPO would consist of 412,273,220 equity shares of Rs 10 each at prices to be determined through an alternative book building process. Out of the above, a total of 4,273,220 equity shares are reserved for NTPC employees

NTPC was set up in 1975 to accelerate power development in India. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilisation and coal mining.

NTPC had come up with an IPO between October 7, 2004 and October 14, 2004. At the time of NTPC Initial Public Offer (IPO), the shares were offered in a price band of Rs.52/- to Rs.62/- per equity share and the issue price was fixed at the upper end of the price band, i.e. at Rs.62/- per equity share

NTPC IPO, in 2004, had received good response from both the Retail and the Institutional Investors. NTPC IPO was subscribed by around 24 times on an overall basis. Retail Category had also received good response with the Category getting subscribed about 4 times

National Thermal Power Corporation (NTPC) Limited, the largest power generation company in India, is going to come up with a Follow-on Public Offer (FPO), which opens for subscription from Wednesday, February 3, 2010 The FPO would consist of 412,273,220 equity shares of Rs 10 each at prices to be determined through an alternative book building process

The Company is likely to adopt French Auction route for the pricing of FPO. A French Auction is a uniform-price auction used for pricing initial public offerings in France. In this offering, the firm announces a minimum (reserve) price. Investors place sealed bids for quantity and price. When the bids are in, the firm negotiates a minimum and maximum price with the market regulator

Any bid above the maximum price is eliminated as a virtual market order. The bidders who bid between the minimum and maximum price are awarded shares on a pro rata basis, each paying the minimum price.

National Thermal Power Corporation (NTPC) Limited, the largest power generation company in India, is going to come up with a Follow-on Public Offer (FPO) The Company is likely to adopt French Auction route for the pricing of FPO. The FPO would consist of 412,273,220 equity shares of Rs 10 each.

A French Auction is a uniform-price auction used for pricing initial public offerings in France. In this offering, the firm announces a minimum (reserve) price. Investors place sealed bids for quantity and price. When the bids are in, the firm negotiates a minimum and maximum price with the market regulator

Any bid above the maximum price is eliminated as a virtual market order. The bidders who bid between the minimum and maximum price are awarded shares on a pro rata basis, each paying the minimum price.

The Follow-on Public Offer (FPO) of National Thermal Power Company (NTPC), India's largest power generation company may hit the markets in the first or second week of February, 2010. Earlier, NTPC had come up with an IPO in October and is among the largest five companies in India in terms of market capitalisation.

National Thermal Power Corporation (NTPC) is the largest power generating company in India with a nationwide presence. India’s largest power company, NTPC was set up in 1975 to accelerate power development in India. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilisation and coal mining.

The total installed capacity of the company is 30, 644 MW (including JVs) with 15 coal based and 7 gas based stations, located across the country. In addition under JVs, 3 stations are coal based & another station uses naptha/LNG as fuel

Stay tuned to Indian IPO Blog for more on NTPC FPO!

The Follow-on Public Offer (FPO) of NTPC Ltd. is likely to hit the market in February 2010

National Thermal Power Corporation (NTPC) is the largest power generating company in India with a nationwide presence. NTPC had come up with an IPO between October 7, 2004 and October 14, 2004. The shares were offered in a price band of Rs.52/- to Rs.62/- per equity share and the issue price was fixed at the upper end of the price band

NTPC IPO, in 2004, had received good response from both the Retail and the Institutional Investors. NTPC IPO was subscribed by around 24 times on an overall basis. Retail Category had also received good response with the Category getting subscribed about 4 times


Update: NTPC FPO Floor Price Fixed

The Follow-on Public Offer (FPO) of National Thermal Power Company (NTPC), India's largest power generation company may hit the markets soon. NTPC FPO may also not require SEBI nod, as the issue would be fast track one