NHPC IPO subscription at 16.47 times

The Initial Public offering of NHPC Limited which opened on August 7, 2009 has received overwhelming response from Qualified Institutional Buyers (QIBs) with the issue garnering subscription of 16.47 times. The IPO has received bids for 27629906325 equity shares against the offer of 1677374015 equity shares resulting in a subscription of 16.47 times. The IPO has received susbcription for 1085950250 equity shares at cut-off price.

The company has come out with an IPO of 1677374015 equity shares of Rs 10 each for cash at a price band of Rs 30 to Rs 36 through 100% book building process.

In BSE, the issue has received subscription of 872.82% with bids for 14640522575 equity shares against the offer of 1677374015 equity shares.

In NSE, the issue has received subscription of 8.46 times with bids for 14187821375 equity shares against the offer of 1677374015 equity shares. The issue has received subscription for 747137125 equity shares at cut-off price.

The IPO which opened for subscription on August 7, 2009 closes for subscription today (Wednesday - August 12, 2009).

Source : Equity Bulls

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