Date : Aug-13-2009
The initial public offer (IPO) of NHPC that closed on August 12, was subscribed 23.72 times. The issue received bids for 3,979 crore shares as against an offer of 168 crore shares. The QIB portion was subscribed 29.1 times while HNIs 56.56 times and the retail 3.1 times. The price band for the issue was Rs 30-36. The merchant bankers said that the majority of the bids came in at the upper end of the price band.
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