Monday, August 31, 2009

NHPC Lists At 10% Premium

. Monday, August 31, 2009

By stockOzone team

NHPC listed at Rs 39.50 on the BSE as against the issue price of Rs 36. A premium of nearly 10% to the issue price.

The stock at 1000 hrs is trading at Rs 37.50, and around 16.51 million shares have been traded in the first few minutes on the BSE.

The initial public offer (IPO) of hydro power producer was subscribed over 23 times, thanks to the huge response from institutional investors.

The total bids received was for over 39.46 billion shares against 1.67 billion shares on offer, as per the National Stock Exchange data.

Recently, Adani Power made a lacklustre debut on ending Day 1 at the issue price of Rs 100. The stock infact had dipped below its issue price in intra-day deals.

Adani Power too had receoved an whelming response for its IPO, and was subscribed 21.51 times.

Disclosure: Author does not own any of the stocks discussed here.

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