NHPC IPO

NHPC IPO Subscribed over 3 times on day 1

India`a largest hydel power generator National Hydroelectric Power Corporation (NHPC) IPO, has received an overwhelming response on day 1. It has been over subscribed by 3.54 times on day 1 according to the stock exchanges.

Qualified institutional buyers(QIBs) led the race subscribing by 6 times to the issue. This was followed by retail individual investors and non-institutional investors who subscribed 0.09 times and 0.0062 times respectively. NHPC IPO was fully subscribed within initial minutes of the opening today.A total 5,940,924,150 of bids were received out of which 42,954,275 bids were received at a cut-off price.

The company has fixed a price band at Rs 30- Rs 36 a share. The issue closes on Wednesday, August 12.

Govt to sell 5% stake in NTPC through FPO

NTPC Stake sale is being explored by the Govt according to the FPO plans submitted to Finance Ministry reports CNBC- TV18.

Sources say that the Government is going to sell 5% stake in the company in follow-on public issue, which holds 89.5% stake in NTPC.

Axis Bank IPO / FPO expected soon

Axis Bank IPO / FPO is expected in the next few months according to industry sources. Axis Bank IPO/ FPO is sized roughly around 4000-5000 crores.

In 2007 , Axis bank has raised 4200 crores through an IPO, post the issue it has raised more fund through GDR and ADR subsequently priced at Rs.620 per share.

The bank’s board on Tuesday passed an enabling resolution to raise fresh equity through GDR, qualified institutional placement and preferential issue to promoters. The fresh equity issue could lead to about 10% dilution in the shareholding.

Axis Bank IPO Date , Price , Listing info , Subscription , Allotment status and allocation details , refund , Grey Market trades and analysis will be posted here soon.