NHPC IPO to open on 7th August
NHPC Limited, a Mini-Ratna Category-I public sector undertaking and hydroelectric power generating company, has decided to hit the primary market on August 7.
State-run hydel power company has fixed the price band between Rs 30 and Rs 36 per equity share for its initial public offering (IPO) of 1,67,73,014 equity share of Rs 10 each for cash at a price to be decided through a 100 per cent book-building process.
The issue will constitute 13.64 per cent of the post-issue capital of NHPC.
SBI Caps, Enam Financial and Kotak Mahindra are book runners and lead managers of the issue. The issue will close on August 12.