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 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!

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