- SOURCE: EquityPandit.com | Written by
Abhishek Parakh on August 13, 2009 at 10:37 pm
The initial public offer (IPO) of the state-run hydropower company, NHPC, was subscribed 23.72 times. The public issue of NHPC was closed on Wednesday. NHPC public issue received bids for 3,979 crore shares against the 168 crore shares on offer.
The QIB portion was subscribed 29.1 times, HNIs 56.56 times and the retail 3.1 times. The issue was offered in the Rs 30-36 price band. Merchant bankers said the majority of the bids came in at the upper end of the price band.