NHPC IPO

After one of the major power IPO in this year now is the turn of another IPO NHPC. Adani power brought interest back to IPO's after a long time initially started by Mahindra holidays IPO. This one looks even better priced than Adani power.

NHPC IPO Details

Issue Open: August 7,2009 to August 11, 2009

Issue Type: 100% Book Built Issue (Initial Public Offer IPO)

Issue Size: 1,67,73,74,015 Equity Shares of Rs. 10

Face Value: Rs. 10

Issue Price: Rs 30-36

Bid Lot: 175 Shares or multiples

Maximum Subscription Amount for Retail Investor: Rs 100,000

About NHPC

Subscription Status:

Friday August 7: oversubsribed 3.5 times

Monday August 10: 3.76 times

Tuesday August 11: 6.16 times

Wednesday August 12: 23.74 times

More details:

QIB: 29.16 times
Non-Institutional Investors: 56.71 times
Retail: 3.87 times
Employees: 0.57 times

Overall: 23.74 times

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Adani Power IPO

Adani Power is a power project company and a part of the Adani Group.

Details of IPO:

• IPO starts : 28-07-09
• IPO ends : 31-07-09
• Shares available for IPO : 301,652,031 shares
• Face value : Rs 10/-
• Price Band : Rs.90/- to Rs.100/-
• Bid Lot : 65 shares and multiples

This IPO has raised lot of interest since this is the first IPO this year to have seen full subscription on the first day of the offer. On the first day, the institutional investors portion of the issue was oversubscribed more than six times while non institutional-non retail investors bid for more than two times the number of shares reserved for them.

Subscription Details:

• 3.96 times subscription on day one
• 4.64 times on day two
• 6.86 times on day three
• 21.64 on last day

Sector wise detials of the subscription of the IPO

QIB: 39.48 times

Non-Institutional: 8.62 times

Retail: 2.97

Total: 21.64 times

The listing date of this share is expected to be August 20.

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