NHPC IPO subscription at 3.02 times

The Initial Public offering of NHPC Limited which opened today has received subscription of 3.02 times. The IPO has received cumulative bids for 5059842900 against the offer of 1677374015 equity shares. The IPO has received susbcription for 21596225 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 111.73% with bids for 1874141500 equity shares against the offer of 1677374015 equity shares.

In NSE, the issue has received subscription of 2.10 times with bids for 3522749650 equity shares against the offer of 1677374015 equity shares. The issue has received subscription for 20696375 equity shares at cut-off price.

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

Source : Equity Bulls

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