Bookbuilding FPO | ₹8,480 Cr | Listed at BSE, NSE | Wed, Feb 3, 2010 - Fri, Feb 5, 2010
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 per share. The lot size for an application is 28. The minimum amount of investment required by an retail is ₹5,656 (28 shares) (based on upper price). 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.
Refer to NTPC FPO RHP for detailed Information.
FPO Open
Wed, Feb 3, 2010
FPO Close
Fri, Feb 5, 2010
Issue Price
₹202 per share
Market Cap (Pre-IPO)
₹1,66,558.38 Cr
| IPO Date | 3 to 5 Feb, 2010 |
| Listed on | Thu, Mar 18, 2010 |
| Face Value | ₹10 per share |
| Price Band | ₹201 to ₹[.] |
| Issue Price | ₹202 per share |
| Lot Size | 28 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding FPO |
| Listing At | BSE, NSE |
| Retail Discount | Rs 1.00 per share |
| Employee Discount | ₹11.00 |
| Total Issue Size | 41,22,73,220 shares (agg. up to ₹8,480 Cr) |
| Offer for Sale | 41,22,73,220 shares of ₹10 (agg. up to ₹8,480 Cr) |
| Share Holding Pre Issue | 8,24,54,64,400 shares |
| Share Holding Post Issue | 8,24,54,64,400 shares |
| BSE Script Code / NSE Symbol | 532555 / NTPC |
| ISIN | INE733E01010 |
NTPC FPO comprises a total issue size of 41,22,73,220 shares. The net offer to the public is 40,80,00,000 shares, after excluding 42,73,220 shares under a preferential allotment. Of the Net offer 20,40,00,000 (50.00%) are allocated to QIB, 6,12,00,000 (15.00%) allocated to NII 14,28,00,000 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 20,40,00,000 | 50.00% | 49.48% | NA |
| NII (HNI) Shares Offered | 6,12,00,000 | 15.00% | 14.84% | NA |
| Retail Shares Offered | 14,28,00,000 | 35.00% | 34.64% | 51,00,000 |
| Preferential Reservations | ||||
| Employee Shares Offered | 42,73,220 | 1.04% | NA | |
| Total Shares Offered | 41,22,73,220 | 100.00% | 100.00% | |
Investors can bid for a minimum of 28 shares and in multiples thereof.
| 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 |
| 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, 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 14.3% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 89.5% | 84.5% |
| Market Cap | ₹1,66,558.38 Cr. |
The NTPC FPO is subscribed 1.2 times on February 5, 2010 5:00:00 PM (Day 3). The public issue subscribed 0.16 times in the retail category, 2.18 times in the QIB category, and 0.43 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.18 | 20,40,00,000 | |
| NII | 0.43 | 6,12,00,000 | |
| Retail | 0.16 | 14,28,00,000 | |
| Employee | 0.44 | 42,73,220 | |
| Total | 1.2 | 41,22,73,220 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees of the Book Running Lead Managers | 5.94 |
| 2 | Fees to Registrar to the Offer | 0.26 |
| 3 | Fees to the Legal Advisors | 1.48 |
| 4 | Fees to the Bankers to the Offer | |
| 5 | Advertisement expenses | 4.83 |
| 6 | Other Expenses (Listing fees, Auditor’s fees, fee to Depositories, etc.) | 2.36 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹202.00 | ₹202.00 |
| Open | ₹200.65 | ₹201.80 |
| Low | ₹200.00 | ₹201.00 |
| High | ₹203.80 | ₹205.90 |
| Last Trade | ₹203.00 | ₹205.10 |
Lead Manager Reports
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 Crores. The issue is priced at ₹202 per share. The minimum order quantity is 28.
The FPO opens on Wed, Feb 3, 2010, and closes on Fri, Feb 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 Wed, Feb 3, 2010 and closes on Fri, Feb 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 Thu, Mar 18, 2010.
