Aug 5, 2009

Subscribe to the NHPC IPO : Experts

The Experts are coming out with their research reports on NHPC's initial public offering (IPO). NHPC will open for subscription with an IPO of 167.73 crore equity shares of Rs 10 each on August 7, 2009 and will close on August 12, 2009. The price band is fixed at Rs 30-36 per share.

The experts are recommending the investors to subscribe to the issue.

According to the research firms, the business model of NHPC is robust. There is a visibility in Power sector and significant expansion at NHPC. The long term investors should apply for the shares. The response for the recently opened Adani Power IPO indicates that there is potential for listing gains also.

The investors are recommended applying the IPO in the following way for Retail clients (applying upto Rs.1 Lakhs):

Fill all the 3 options at Rs.36, Rs.35 and Rs.33, with different No. of Shares that you Bid for. If the Government decides to allot at price lower than upper band, the Number of shares allotted will be higher.

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