Sep 1, 2009

NHPC listed at Rs. 42 on NSE; 17% gains

NHPC listed at Rs 42 on the NSE this morning at a premium of 16.67% to its issue price of Rs 36 a share. However, the share slipped and was trading at Rs 37.20 at a premium of 3.33% to its issue price.

The share touched an intraday high of Rs 42 at which it opened and an intraday low of Rs 36.75 in the early trades today.

At 10:20 am on the 1st Sep, 2009, the total traded quantity was 15,20,36,582 shares and turnover was at Rs 56664 lakh.

However, on the BSE, the share opened at Rs 39, at a premium of 8.33% to its issue price. It touched an intraday high of Rs 39.75 and intraday low of Rs 36.75.

The initial public offering (IPO) was of 1,67,73,74,015 equity shares of Rs 10 each with a price band of Rs 30-36 per equity share. The issue was subscribed 23.74 times.

Qualified institutional investors' (QIBs) portion was subscribed 29.16 times. Non-institutional and retail investors' portion subscribed 26.7 times and 3.87 times, respectively.
The proceeds of the fresh issue will be used to part finance the construction and development costs of certain of projects, namely, Subansiri Lower, Uri ? II, Chamera - III, Parbati ? III, Nimoo Bazgo, Chutak, and Teesta Low Dam - IV.



Post a Comment

Subscribe to Post Comments [Atom]

<< Home