So the big IPO made way today and gover oversubscribed in an hour and 3.5 times in a day, What an IPO !
So what is NHPC IPO all about?
The issue price band is placed between Rs.30 and Rs.36.
Total shares of 1677374015 shares will be on offer in the IPO at a book value of Rs.15.78.
NHPC plans to raise an amount up to Rs.6048 crores through this IPO.
A bid has to be made for a minimum of 175 shares and in multiples of 175 there after. So 6300 for a lot.
About the NHPC company:
India's biggest hydroelectric power generator
NHPC had a net profit of Rs.1085.16 crores and reserves being at Rs.6039.67 crores in 2008.
It power producing capacity at present stands at 5175 Megawatts which will soon be expanding to an additional 4622 Megawatts.
Control Investments's verdict :
It has always seen that government IPO, leaves enough scope for prospective investors to make money and this can be expected from NHPC IPO as well .Its a a good buy.
My Verdict: I am planning to buy 700 shares worth 25200. I am not sure whether I will be I alloted any shares or not. But if I would I would sell on listing.
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