NHPC IPO closes, garners subscription of 23.74 times

The Initial Public offering of NHPC Limited has received overwhelming response from Qualified Institutional Buyers (QIBs) with the issue garnering subscription of 23.74 times. The IPO has received bids for 39812692150 equity shares against the offer of 1677374015 equity shares resulting in a subscription of 23.74 times. The IPO has received susbcription for 1793983100 equity shares at cut-off price.

The company had 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.

The Qualified Institutional Buyers (QIBs) portion of the issue has received subscription of 29.1608 times with bids for 28614450725 equity shares against the offer of 981263799 equity shares.

The Non Institutional Investors portion of the issue has received bids for 9274158600 equity shares against the offer of 163543966 equity shares resulting in a subscription of 56.7074 times.

The Retail Individual Investors (RIIs) portion of the issue has received subscription of 3.8730 times with bids for 1900194450 equity shares against the offer of 490631900 equity shares.

The Employee Reservation portion of the issue has received bids for 23888375 equity shares against the offer of 41934350 equity shares resulting in a subscription of 0.5697 times.

The issue closed for subscription on Wednesday - August 12, 2009.

Source : Equity Bulls

Keywords