NTPC OFS for retail investors opens today
DSIJ Intelligence / 30 Aug 2017
The OFS issue of NTPC, a public-sector power generation company, opened for retail investors on Wednesday. The issue is part of the government’s proposal to sell up to 41.22 crore shares or 5% stake of the company.
The OFS issue of NTPC, a public-sector power generation company, opened for retail investors on Wednesday. The issue is part of the government’s proposal to sell up to 41.22 crore shares or 5% stake of the company. The floor price of the offer shall be Rs 168 per equity share.
The offer for sale (OFS) issue opened on August 29, 2017 for non-retail investors only. The issue got oversubscribed by 1.41 times as of 1530 hours on Tuesday, on the NSE. The total issue size of the OFS was 32,98,18,576 shares for which total subscription received stood at 46,35,00,930 shares on Tuesday. The OFS for retail investors and for non-retail investors who choose to carry forward their unallocated bids will be open on Wednesday.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.