NHPC IPO to hit markets on August 7, 2009

The Initial Public Offering (IPO) and Offer for Sale of NHPC Limited to open for subscription on August 7, 2009. The company will issue 1,67,73,74,015 equity shares of Rs 10 each for cash at a price band of Rs 30 to Rs 36 through 100% book building process.

The IPO opens for subscription on Friday - August 7, 2009 and closes for subscription on Wednesday - August 12, 2009.

Enam Securities Private Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited are the Book Running Lead Managers to the issue. Kotak Securities Limited and SBICAP Securities Limited are the Syndicate Members to the issue.

Karvy Computershare Private Limited is the registrar to the company.

ICRA Limited has assigned IPO Grading of IPO Grade 3.

Source : Equity Bulls

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