NTPC FPO subscribed 0.77 times on the opening day - Indian IPO Blog

Wednesday, February 3, 2010

NTPC FPO subscribed 0.77 times on the opening day

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!

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