NHPC

• Face value - Rs10
• Market lot - 175 equity shares
• IPO grading 3 - ICRA Ltd
• The company is planning to raise Rs 6,040 crore at the upper end of the issue price band of Rs 36. One-third of this amount, or Rs 2,013 crore, will go as divestment proceeds to the government, while the balance Rs 4,026 crore will go towards funding the expansion plans of the company.
• Most brokerages have recommended ‘Subscribe’ to the IPO.
• The initial public offering of NHPC has been subscribed over three times on the first day of the issue.