National Hydroelectric Power Corporation (NHPC).initial public offer (IPO), which will hit the market on August 7 and will close on 12 August . NHPC has fixed the price band between Rs 30-36 per equity share.NHPC is currently india’s largest hydro power generating company ,and the second last electric power generating company(after ntpc).
Looking to past IPOs of PSU companies in Power Sector NHPC IPO is expected to give a return of 9% on a pessimistic level and 50% on the optimistic level. looking at the previous performance of power PSU we find that REC has given a return of 14% on the listing day, NTPC of 21%,powergrid of 106% and gujrat ind. power of 7% on the list day.On the basis of this past performance I am expecting NHPC to give a return of 9% on a pessimistic level and 50% on the optimistic level on the listing day .So I feel that one can go for NHPC IPO . Below are the more details of NHPC IPO
Symbol – Series NHPC EQ
Issue Period August 07, 2009 to August 12, 2009
Issue Size 1,67,73,74,015 EQUITY SHARES
Issue Type 100% Book Building
Face Value Rs. 10/-
Price Range Rs. 30 To Rs. 36.
Tick Size Re. 1/-
Market Lot 175 Equity Shares
Minimum Order Quantity 175 Equity Shares
IPO Grading IPO Grade 3
Rating Agency ICRA Limited
Disclaimer: Views are personal.Investors are advised to do their research before investing.