NTPC FPO Floor Price Fixed

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