NTPC FPO opens for subscription

The Follow-On Public Offering (FPO) of NTPC Limited opened for subscription by investors today (Wednesday - February 3, 2010).

The company has come out with FPO of 412,273,220 Equity Shares of Rs 10 each for cash at a floor price of Rs 201 through 100% book building process. The FPO closes for subscription on February 5, 2010.

ICICI Securities Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Kotak Mahindra Capital Company Limited are the Book Running Lead Managers to the issue. Kotak Securities Limited is the syndicate member to the FPO.

Karvy Computershare Private Limited is the Registrar to the company.

The shares of the company are already listed in both Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

For Retail, NIB & Reserve category the Floor price is Rs 201/-. For QIB category, any price above floor price. The minimum bid lot is 28 Equity Shares and in multiples of 28 Equity Shares. The Maximum Subscription Amount for Retail Investor is Rs 100000.

Source : Equity Bulls

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