The IPOs are back along with the bulls which came charging in sometime back. NHPC or National Hydroelectricity Power Corporation, a mini Ratna public sector company engaged in planning,developing and integrating hydroelectric projects all over India. NHPC is coming with its Initial Public offering (IPO) and the issue opens on Aug 7th 2009 and will close on Aug 12th, 2009.

The price band of the NHPC IPO has been fixed at Rs 30 and Rs 36 per share of Rs 10 each. The price will be decided by 100 % book building process. The company has already filed the Red Herring Prospectus with SEBI. The company will be issuing 10% of its shares in the upcoming IPO and the govt will divest another 5% of the stake in NHPC.

Some Key Information about NHPC IPO :-

Issue Open Date :- Aug 7th 2009

Issue Close Date :- Aug 12th 2009

NHPC Bid Lot size :- 175 equity shares and multiples of 175

Price Band :- Rs 30-36 per equity share

Now something about the company and its prospectus.NHPC generates almost 3% of the total power generated in the country every year. It will double its power generating capacity by 2012 and the company is planning to spend almost Rs 28,000 crores in the 11th five year plan for expansion.

The company is planning to construct another 11 additional plants for future growth. At the upper end of the price end band the market capitalization of the company will stand at roughly Rs 40,500 crore. You can apply to this IPO and make decent profits in the coming days. Its a must go IPO forthe Indian traders given the growth opportunity and the prospectus of the company. We expect NHPC to give a decent 10% returns very soon, may be on the day of listing.

Latest Updates on NHPC IPO :-

NHPC IPO which went live on Aug 07, 2009 has already been over subscribed by almost 7 times. Within an hour from the launch NHPC IPO was over subscribed. Given that it is a public sector company and has a good prospectus, it has been getting some good response not only from retail investors but also from Institutional investors. It is still a buy/subscribe recommendation from here.

Check the  NHPC IPO allotment status  here.

Check the NHPC IPO Listing date, NHPC IPO Stock Allotment Status and expected rate of listing here. And some more updates on NHPC IPO here.

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