Bookbuilding IPO | ₹6,039 Cr | Listed at BSE, NSE | Fri, Aug 7, 2009 - Wed, Aug 12, 2009
NHPC IPO is a book build issue of ₹6,038.55 crores. The issue is a combination of fresh issue of 111.82 crore shares aggregating to ₹4,025.70 crores and offer for sale of 55.91 crore shares aggregating to ₹2,012.85 crores.
NHPC IPO bidding started from Aug 7, 2009 and ended on Aug 12, 2009. The shares got listed on BSE, NSE on Sep 1, 2009.
NHPC IPO price band is set at ₹36 per share. The lot size for an application is 175. The minimum amount of investment required by an retail is ₹6,300 (175 shares) (based on upper price). The lot size investment for sNII is 32 lots (5,600 shares), amounting to ₹2,01,600, and for bNII, it is 159 lots (27,825 shares), amounting to ₹10,01,700.
The issue includes a reservation of up to 4,19,34,350 shares for employees offered at a discount of ₹0.00 to the issue price.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to NHPC IPO RHP for detailed Information.
IPO Open
Fri, Aug 7, 2009
IPO Close
Wed, Aug 12, 2009
Issue Price
₹36 per share
Market Cap (Pre-IPO)
₹44,282.67 Cr
| IPO Date | 7 to 12 Aug, 2009 |
| Listed on | Tue, Sep 1, 2009 |
| Face Value | ₹10 per share |
| Price Band | ₹30 to ₹36 |
| Issue Price | ₹36 per share |
| Lot Size | 175 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,67,73,74,015 shares (agg. up to ₹6,039 Cr) |
| Fresh Issue | 1,11,82,49,343 shares (agg. up to ₹4,026 Cr) |
| Offer for Sale | 55,91,24,672 shares of ₹10 (agg. up to ₹2,013 Cr) |
| Share Holding Pre Issue | 11,18,24,93,430 shares |
| Share Holding Post Issue | 12,30,07,42,773 shares |
| BSE Script Code / NSE Symbol | 533098 / NHPC |
| ISIN | INE848E01016 |
NHPC IPO comprises a total issue size of 1,67,73,74,015 shares. The net offer to the public is 1,63,54,39,665 shares, after excluding 4,19,34,350 shares under a preferential allotment. Of the Net offer 98,12,63,799 (60.00%) are allocated to QIB, 16,35,43,966 (10.00%) allocated to NII 49,06,31,900 (30.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 98,12,63,799 | 60.00% | 58.50% | NA |
| NII (HNI) Shares Offered | 16,35,43,966 | 10.00% | 9.75% | NA |
| Retail Shares Offered | 49,06,31,900 | 30.00% | 29.25% | 28,03,610 |
| Preferential Reservations | ||||
| Employee Shares Offered | 4,19,34,350 | 2.50% | NA | |
| Total Shares Offered | 1,67,73,74,015 | 100.00% | 100.00% | |
Investors can bid for a minimum of 175 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 175 | ₹6,300 |
| Retail (Max) | 31 | 5,425 | ₹1,95,300 |
| S-HNI (Min) | 32 | 5,600 | ₹2,01,600 |
| S-HNI (Max) | 158 | 27,650 | ₹9,95,400 |
| B-HNI (Min) | 159 | 27,825 | ₹10,01,700 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 1975, NHPC Limited (Formerly known as National Hydroelectric Power Corporation Ltd.) is a Govt. of India's Enterprise. NHPC is a hydroelectric power generating company dedicated to the planning, development and implementation of an integrated and efficient network of hydroelectric projects in India. They execute all aspects of the development of hydroelectric projects, from concept to commissioning.
NHPC have developed and constructed 13 hydroelectric power stations and their total installed capacity is currently 5,175 MW. This includes two power stations with a combined capacity of 1,520 MW, constructed and operated through our Subsidiary, NHDC. Company's power stations and hydroelectric projects are located in the North and North East of India, in the states of Jammu & Kashmir, Himachal Pradesh, Uttarakhand, Arunachal Pradesh, Assam, Manipur, Sikkim and West Bengal. Company generated 14,813.16 MUs of electricity in Fiscal 2008.
Presently, They are engaged in the construction of 11 additional hydroelectric projects, which are expected to increase total installed capacity by 4,622 MW. Further eight projects, including one joint venture project, with an anticipated capacity of 5,751 MW, are currently awaiting sanction from the CCEA. NHPC have obtained ISO 18001:2000, ISO 9001:2000 and ISO 14001:2004 certifications from the Bureau of Indian Standards.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Approved Cost of Identified Projects | 14,013.96 |
| 2 | Issue Expenses (excluding amount to be shared by GOI) | 35.60 |
| 3 | General Corporate Purposes | 2,025.58 |
| KPI | |
|---|---|
| RoNW | 11% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 86.36% |
| Market Cap | ₹44,282.67 Cr. |
The NHPC IPO is subscribed 23.74 times on August 12, 2009 5:00:00 PM (Day 4). The public issue subscribed 3.87 times in the retail category, 29.16 times in the QIB category, and 56.71 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 29.16 | 98,12,63,799 | |
| NII | 56.71 | 16,35,43,966 | |
| Retail | 3.87 | 49,06,31,900 | |
| Employee | 0.57 | 4,19,34,350 | |
| Total | 23.74 | 1,67,73,74,015 |
ICRA has assigned an IPO Grade 3 to NHPC Limited IPO. This means as per ICRA, company has average fundamentals. ICRA assigns IPO gradings on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.Link to download ICRA rating document.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead management fees (including underwriting commission) | 5.49 |
| 2 | Selling commission (including commission to SCSBs) | 7.59 |
| 3 | Registrar’s fees | 0.43 |
| 4 | Advertisement and marketing expenses | 15.00 |
| 5 | Printing and distribution expenses | 7.34 |
| 6 | IPO Grading expenses | 0.02 |
| 7 | Advisors | 1.96 |
| 8 | Others (SEBI filing fees, bidding software expenses, depository charges, listing fees, etc.) | 6.41 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹36.00 | ₹36.00 |
| Open | ₹39.00 | ₹42.00 |
| Low | ₹36.60 | ₹36.65 |
| High | ₹39.75 | ₹42.00 |
| Last Trade | ₹36.70 | ₹36.75 |
NHPC IPO is a main-board IPO of 1,67,73,74,015 equity shares of the face value of ₹10 aggregating up to ₹6,039 Crores. The issue is priced at ₹36 per share. The minimum order quantity is 175.
The IPO opens on Fri, Aug 7, 2009, and closes on Wed, Aug 12, 2009.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in NHPC IPO using UPI as a payment gateway. Zerodha customers can apply in NHPC IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NHPC IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NHPC IPO opens on Fri, Aug 7, 2009 and closes on Wed, Aug 12, 2009.
NHPC IPO lot size is 175, and the minimum amount required for application is ₹6,300.
You can apply in NHPC IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for NHPC IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the NHPC IPO allotment status.
The NHPC IPO listing date is on Tue, Sep 1, 2009.
