Date : Aug-11-2009
NHPC's IPO issue witnessed lukewarm response on its second day of subscription as it was subscribed about 0.25 times on Monday.
However, the issue was subscribed 3.54 times on the first day, according to the data on NSE.
The issue, consisting of 168 crore shares and out of that the fresh issue comprises of 111.82 crore equity shares and an offer for sale of 55.91 crore equity shares by the Central government.
The price band for the issue was Rs 30-36.
Credit Agency ICRA has assigned the IPO a grade of 3/5 indicating average fundamentals.
No comments:
Post a Comment