National Hydel Power Corporation which went open on Aug 7th is all set to start trading in the secondary markets from tomorrow i.e Sept 1st 2009. There is a lot of excitement among the traders and investors community and also some amount of anxiety. People have been expecting a lot from NHPC IPO as it is a Govt based Organization.

But the dampening situation created after Adani Power IPO has set the stage for a milder beginning for NHPC IPO tomorrow. The Rs 6000 crore IPO which will begin trading from tomorrow may see an opening somewhere around 38-42 levels. A gain of 8-12% on its offer price. Analyst are expecting somewhere around 12% rise in the opening trade of NHPC IPO tomorrow. The IPO was subscribed 23 times and was offered at Rs 36 at higher price band.

And already the Indian markets closed on a weak note today and may start weak tomorrow following the global cues. The US markets are down by 0.9% and 1.3% in Dow and Nasdaq respectively. So this can be another news which needs to be tracked tomorrow. For investors who can wait for 6-12 month NHPC IPO is a hold for long terg gains. For traders, they can exit with a profit of 10-12% if they get from NHPC tomorrow. Let’s see how the second largest IPO in the history of Indian share markets after Reliance Power perform on its debut.

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