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NTPC FPO is a book build issue of ₹8,480.10 crores. The issue is entirely an offer for sale of 41.23 crore shares of ₹8,480.10 crore.
NTPC FPO bidding started from Feb 3, 2010 and ended on Feb 5, 2010. The shares got listed on BSE, NSE on Mar 18, 2010.
NTPC FPO price band is set at ₹202.00 per share . The lot size for an application is 28. The minimum amount of investment required by an retail is ₹5,628 (28 shares). The lot size investment for sNII is 36 lots (1,008 shares), amounting to ₹2,03,616, and for bNII, it is 177 lots (4,956 shares), amounting to ₹10,01,112.
The issue includes a reservation of up to 42,73,220 shares for employees offered at a discount of ₹11.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
| IPO Date | February 3, 2010 to February 5, 2010 |
| Listing Date | March 18, 2010 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹201 to ₹ per share |
| Issue Price Final | ₹202 per share |
| Lot Size | 28 Shares |
| Sale Type | Offer For Sale |
| Total Issue Size | 41,22,73,220 shares (aggregating up to ₹8,480.10 Cr) |
| Retail Discount | Rs 1.00 per share |
| Employee Discount | ₹11.00 |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,24,54,64,400 shares |
| Share Holding Post Issue | 8,24,54,64,400 shares |
NTPC FPO offers total 41,22,73,220 shares. Out of which 20,40,00,000 (49.48%) allocated to QIB, 6,12,00,000 (14.84%) allocated to NII, 14,28,00,000 (34.64%) allocated to RII.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 20,40,00,000 (49.48%) | NA |
| NII (HNI) Shares Offered | 6,12,00,000 (14.84%) | NA |
| Retail Shares Offered | 14,28,00,000 (34.64%) | 51,00,000 |
| Employee Shares Offered | 42,73,220 (1.04%) | NA |
| Total Shares Offered | 41,22,73,220 (100.00%) |
| 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 |
NTPC FPO opens on February 3, 2010, and closes on February 5, 2010.
| IPO Open Date | Wed, Feb 3, 2010 |
| IPO Close Date | Fri, Feb 5, 2010 |
| Tentative Listing Date | Thu, Mar 18, 2010 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Feb 5, 2010 |
Investors can bid for a minimum of 28 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹5,656 |
| Retail (Max) | 35 | 980 | ₹1,97,960 |
| S-HNI (Min) | 36 | 1,008 | ₹2,03,616 |
| S-HNI (Max) | 176 | 4,928 | ₹9,95,456 |
| B-HNI (Min) | 177 | 4,956 | ₹10,01,112 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1975, National Thermal Power Corporation Limited (NTPC) is the largest power generating company in India. It has emerged as an ‘Integrated Power Major’, with presence in the entire value chain of power generation business. Apart from power generation, which is the mainstay of the company, NTPC has already ventured into consultancy, power trading, ash utilization and coal mining. NTPC ranked 317th in the ‘2009, Forbes Global 2000’ ranking of the World’s biggest companies.
The total installed capacity of the company is 30,644 MW (including JVs) with 15 coal based and 7 gas based stations, located across the country. In addition under JVs, 3 stations are coal based & another station uses naphtha/LNG as fuel. By 2017, the power generation portfolio is expected to have a diversified fuel mix with coal based capacity of around 53000 MW, 10000 MW through gas, 9000 MW through Hydro generation, about 2000 MW from nuclear sources and around 1000 MW from Renewable Energy Sources (RES). NTPC has adopted a multi-pronged growth strategy which includes capacity addition through green field projects, expansion of existing stations, joint ventures, subsidiaries and takeover of stations.
In October 2004, NTPC launched its Initial Public Offering (IPO) consisting of 5.25% as fresh issue and 5.25% as offer for sale by Government of India. NTPC thus became a listed company in November 2004 with the government holding 89.5% of the equity share capital. The rest is held by Institutional Investors and the Public. The issue was a resounding success. NTPC is among the largest five companies in India in terms of market capitalization.
The current offering (FPO) is to divestment of 5% in NTPC Limited by GoI, which owns approximately 89.5% of NTPC’s Equity Share capital.
In 2009, NTPC contributed 28.6% of the total power generation of India. In 2009, NTPC was the top independent power producer in Asia, and ranked second in the world, on the basis of asset worth, revenues, profits and return on invested capital.
| Particulars | For the year/period ended (Rs. in Lacs) | ||||
| 31-Mar-08 | 31-Mar-09 | 30-Sept-09(Partial) | |||
| Total Income | 400,177 | 452,728 | 243,028 | ||
| Profit After Tax (PAT) | 74,148 | 82,013 | 43,456 | ||
| KPI | Values |
|---|---|
| RoNW | 14.3% |
The Company NTPC FPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (in Millions) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | 59.35 |
| 2 | Fees to Registrar to the Offer | 2.59 |
| 3 | Fees to the Legal Advisors | 14.75 |
| 4 | Fees to the Bankers to the Offer | |
| 5 | Advertisement expenses | 48.34 |
| 6 | Other Expenses (Listing fees, Auditor’s fees, fee to Depositories, etc.) | 23.60 |
| Listing Date | March 18, 2010 |
| BSE Script Code | 532555 |
| NSE Symbol | NTPC |
| ISIN | INE733E01010 |
| Final Issue Price | ₹202 per share |
NTPC Ltd.
NTPC Bhawan, Scope Complex,
7 Institutional Area, Lodi Road,
New Delhi-110003, India
New Delhi, New Delhi
Phone: +91-11-24360100
Email: ipo@ntpc.co.in
Website: http://www.ntpcindia.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: ntpcfpo@karvy.com
Website: https://ipostatus.kfintech.com/
NTPC FPO is a main-board FPO of 41,22,73,220 equity shares of the face value of ₹10 aggregating up to ₹8,480.10 Crores. The issue is priced at ₹202 per share. The minimum order quantity is 28.
The FPO opens on February 3, 2010, and closes on February 5, 2010.
Kfin Technologies Ltd. is the registrar for the FPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in NTPC FPO using UPI as a payment gateway. Zerodha customers can apply in NTPC FPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NTPC FPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NTPC FPO opens on February 3, 2010 and closes on February 5, 2010.
NTPC FPO lot size is 28, and the minimum amount required for application is ₹5,656.
You can apply in NTPC FPO 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 NTPC FPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the NTPC FPO allotment status.
The NTPC FPO listing date is on Thursday, March 18, 2010.
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