New Delhi, June 2 The government’s Offer for Sale (OFS) in National Hydroelectric Power Corporation (NHPC) Ltd under Ministry of Power was oversubscribed 3.47 times on the first day of bidding for non‑retail investors, a regulatory filing said on Tuesday. The authorities also exercised the full 3 per cent greenshoe option, raising the total stake on offer to 6 per cent from the originally proposed 3 per cent.
The sale, launched with a floor price of Rs 71 per share, will allocate shares on a price‑priority basis, according to the filing. Retail investors and eligible employees are scheduled to participate in the OFS on June 3.
The filing noted that 6,02,70,210 equity shares — equivalent to 10 per cent of the offer — would be reserved for retail investors, subject to receipt of valid bids. For employees, up to 45,20,265 equity shares may be offered in addition to another 45,20,265 shares, aggregating up to 90,40,530 equity shares under the Employee Offer. Eligible employees may apply for shares up to Rs 5 lakh.
The OFS is being conducted through the stock exchanges as part of the Centre’s disinvestment objectives for the financial year 2026‑27.
In market trade on Tuesday, NHPC shares closed 6.9 per cent lower at Rs 71.93 on the National Stock Exchange, reflecting volatility around the offer and market conditions.
NHPC, a Navratna public sector undertaking under the Ministry of Power and one of India’s leading hydropower and renewable energy companies, has been active in major projects across Jammu and Kashmir. Earlier this week the company executed the first blast for the 240 MW Uri‑I Stage‑II Hydro Electric Project, marking the formal start of key construction activities. NHPC is also executing several large projects in the region through joint ventures including Chenab Valley Power Projects Limited (CVPPL) and Ratle Hydroelectric Power Corporation Limited (RHPCL).
The successful oversubscription for non‑retail investors and the decision to exercise the full greenshoe demonstrate robust demand from institutional and non‑retail market participants, while retail and employee allocations aim to broaden shareholding among smaller investors and company staff.
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